Doug Young
Co-Founder and Director at The Bamboo Works
Co-founder and Director, Bamboo Works @worksbamboo; formerly managing editor @caixinglobal and chief correspondent for China company news @reuters
Articles
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1 week ago |
thebambooworks.com | Doug Young
China’s smartphone shipments rose 3.3% in this year’s first quarter, as domestic brand Xiaomi (1810.HK) surged by nearly 40% year-on-year to become the market leader, according to data published on Tuesday. At the same time, Apple’s (AAPL.US) China smartphone shipments tumbled 9% year-on-year in the quarter, making it the market’s fifth-largest brand.
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1 week ago |
thebambooworks.com | Doug Young |Rene Vanguestaine |Brent Li
“There is a growing belief among consumers and investors alike that Beijing’s measures are finally breathing life back into the economy.”By Doug Young & Rene VanguestaineChina’s business landscape is at a critical juncture, marked by promising recovery signals in the embattled private fintech lending sector and fresh challenges in international expansion by major Chinese corporations. These twin stories underscore both the resilience and vulnerabilities in China’s evolving corporate landscape.
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2 weeks ago |
thebambooworks.com | Doug Young
Despite earning a massive $2.15 billion in ticket sales, the blockbuster animated film “Ne Zha 2” has earned just $60 million from sales outside China, financial media Caixin reported on Thursday. Since its release during the Chinese New Year holiday period, the movie about a devil child has become a source of national pride for China, shattering the global box office record for highest ticket sales by an animated film.
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2 weeks ago |
thebambooworks.com | Doug Young
The company said it closed a deal first announced last September to sell new stock to shared ride operator Dida for $7.5 million Key Takeaways: Uxin has received $7.5 million in funding from Dida, following a similar $27 million cash infusion from longtime investor Nio last month The company reported strong growth for its two used car superstores in the third quarter, and announced plans to add new stores in the cities of Wuhan and Zhengzhou By Doug Young China’s car market is hardly a place...
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3 weeks ago |
thebambooworks.com | Doug Young
Intra-city delivery company Dada Nexus Ltd. (DADA.US) said on Tuesday it signed a definitive agreement to be privatized by majority stakeholder JD.com (JD.US; 9618.HK) at a price of $2 per American depositary share (ADS). The offer comes after Dada Nexus received a preliminary offer to be privatized by JD.com in January. Dada said the $2 offer price represents a 42% premium to the closing price of its ADSs on Jan. 24, the last trading day before it announced the preliminary deal with JD.com.
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China's huge beverage industry certainly seems to have spawned quite a lot of IPOs lately, with this one by a coconut water maker being the latest https://t.co/mcujHdIL7S
Here's one of just many exporters, in this case a sweetener maker, set to taste some bitterness from Trump's tariffs. They were actually foresighted enough to shift some manufacturing to Thailand and Indonesia, but to no avail https://t.co/DMjxz5UTLc
Geely founder Li Shufu is bit late coming to many of the latest automotive trends, like this one with his CaoCao ride-hailing service. But his strong execution makes him a bit like Microsoft, often late to the game but then quickly makes up for lost time https://t.co/OlCJ8XXbma