Karin Lyu

Jan 16, 2025 | caixinglobal.com | Sun Yanran |Bao Yunhong |Karin Lyu

Explore the story in 3 minutesThe landscape of China's retail sector is evolving as traditional e-commerce giants like JD.com and Alibaba reduce their investment in brick-and-mortar outlets, while newcomers such as Miniso and private equity firms are taking their place. Both JD.com and Alibaba have been divesting from large supermarket chains, reflecting a strategic shift away from offline retail [para. 1][para. 2].

Jan 16, 2025 | caixinglobal.com | Sun Yanran |Bao Yunhong |Karin Lyu

00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x China’s retail sector is undergoing a major shake-up: E-commerce giants are scaling back their brick-and-mortar investments and new players such as fast-growing Chinese retailer Miniso and private equity firms are stepping in to fill the gap. JD.com Inc. reduced its stake in Yonghui Superstores Co. Ltd.

Aug 7, 2024 | caixinglobal.com | An Limin |Qi Zhanning |Yu Cong |Karin Lyu

00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x While China’s three major state-owned carmakers may be latecomers to electric vehicles (EVs), Beijing is pushing for the trio the catch up. New-energy vehicle (NEV) sales still make up a relatively small proportion of the total vehicle sales of China FAW Group Co. Ltd., Chongqing Changan Automobile Co. Ltd. (000625.SZ), and Dongfeng Motor Corp. Ltd.

May 29, 2024 | caixinglobal.com | An Limin |Karin Lyu

Explore the story in 3 minutesLi Auto Inc. faced significant challenges despite starting 2023 with a strong financial performance. The company, based in Beijing, reported a profit of 11.8 billion yuan ($1.66 billion) on vehicle sales of 120.3 billion yuan for 2023, marking the first annual profit among China's major EV upstarts and topping the deliveries chart with 376,030 vehicles sold last year [para. 2].

May 29, 2024 | caixinglobal.com | An Limin |Karin Lyu

00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x Li Auto Inc. (理想汽车) had reasons to be upbeat heading towards the official launch of its much-anticipated Mega electric vehicle (EV) on March 1. Four days before the launch event, the Beijing-based company announced a remarkable milestone — it turned 11.8 billion yuan ($1.66 billion) in profit in 2023 on vehicle sales of 120.3 billion yuan.