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Travel in Chengdu during 2021 Chinese National Holiday

I had my college career in Chengdu from 2005 to 2009, so Chendu is a second home city to me. In 2021 Chinese National Holiday, I have travelled back to Chengdu as my first trip place. This time, I have witnessed the development and traditional part of Chengdu.  In the last few years, Chengdu has invested a lot in the southern area. The Tianfu Ave is the main road which lies in the heart of southern area of Chengdu, and numerous…
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Analysis of Tencent 2020 Annual Report: Reshapes Digital Lifestyle Through Ecosystem

In 2020, we know almost every company has a tough year due to COVID-19 impact. But, Tencent is an exception. The offline business is accelerating to migrating to online platform, and the offline lifestyle is replaced by online digital lifestyle in the epidemic period. For example, users video calling with friends through Wechat, playing online games, such as Honor of Kings, is more popular than ever before, and Tencent Meeting has become daily needs for business conference in China. According to…
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Will HarmonyOS be the Cornerstone of Huawei Success in Future?

As we all know, Huawei has faced huge challenges from US restrictions in recent years. For example, Washington restricted Huawei access to Google software and services in 2019, and this move stroke a deadly blow to the mushroom growth of Huawei smartphones business. However, after years of R&D, Huawei made a major breakthrough with the successful launch of its HarmonyOS 2 for  smartphones, tablets and smart watches on Jun 02. The move marks a crucial step for Huawei, which had prepared for its transition…
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Analysis of Xiaomi 2020 Annual Report: Smart Device or Investment Company?

In 2020, Xiaomi posted solid performance amid the pandemic and global economic uncertainty, with revenue and adjusted net profit growing 19.4% and 12.8% year-over-year to RMB245.9 billion and RMB13.0 billion, respectively. The most amazing financial figure is the net profit, which grew more than 100% year-over-year to RMB 20 billion.  This shows Xiaomi has great resilient capability. As Leijun said in the letter to shareholders: “Good timber does not grow with ease. The stronger the wind, the stronger the trees.” In…
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Analysis of BYD 2020 Annual Report: New Energy is the Growth Engine

In 2020, The COVID-19 outbreak dealt a heavy blow on the global economy, but the New Energy Vehicle industry has embraced a good time. As Tesla sales volumes booming, the market capital of Tesla has also skyrocketed in 2020. Other NEV vendors has a similar journey, such as BYD, NIO, xPeng, etc. However, we should not take BYD just as NEV vendor. BYD has played a significant role in industries related to electronics, automobiles, new energy and rail transit. From energy…
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Analysis of Huawei 2020 Annual Report: Make Preparation for Mastering Own Destiny

As we know, 2020 is a very challenge year for Chinese companies, because of the COVID-19 impact. However, I believe Huawei has most tough year compared with others, since US government make strict ban of key component procurement.  Let’s see what financial data Huawei achieved in 2020. From the above graph, we can see that the revenue and net profit are still growing slightly. Considering the dual impact of COVID-19 and US procurement ban, it’s not easy for Huawei. However,…
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Analysis of Ping An Good Doctor 2020 Annual Report: Connect Doctors and Patients

In 2020, the sudden outbreak of COVID-19 impacted on the world economy and people’s lifestyles to an extent, and also greatly increased doctors’ and patients’ acceptance of online consultation. Since the outbreak, increasingly more people have started to accept online healthcare, and got used to substituting it for part of offline outpatient treatment. In addition, regulators and local governments introduced a series of policies, supporting and encouraging the development of Internet healthcare, promoting online tiered diagnosis and treatment, and accelerating…
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Analysis of Ping An 2020 Annual Report: Technology Empower Business Development

In 2020, almost every businesses from each industry were severely impacted by the COVID-19 epidemic. The main business of Ping An is life insurance, which rely on the insurance agent keep close contact with customers, so the life insurance of Ping An has a difficult year.  If we look back the overall operation figures since IPO, we will find out the it’s the second time that the net profit and ROE of Ping An was dropped.  As we all know,…
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China Development in Feb 2021: Sharing Economy, Patent, Garment Industry

Sharing economy The State Information Center said that in 2020, amid challenges brought by COVID-19, new business modes featuring the sharing economy demonstrated tremendous resilience and development potential. The trade volume of the sharing economy for the year surged 2.9 percent year-on-year to 3.38 trillion yuan ($523.6 billion). The pandemic’s influence on different areas of the sharing economy varied. The market volume of the sharing healthcare sector grew rapidly, with year-on-year growth of 27.8 percent. In contrast, the market volume…
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China Development in Jan 2021: E-healthcare, Education, China-ASEAN trade

E-healthcare is Booming China’s online healthcare sector is set to see new development opportunities as the COVID-19 pandemic has boosted demand for internet-based healthcare platforms, industry experts said. Such platforms provide online health and telemedicine services to reduce the burden on hospitals. DXY, a leading digital healthcare technology company in China, is speeding up its layout across both upstream and downstream, to cover doctors, pharmaceutical enterprises, medical institutions, consumer products companies, as well as online consultation services for the public….
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