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The dramatic fall of Beyond Meat’s stock serves as yet another example of how Wall Street’s hype machine can turn a seemingly revolutionary concept into an investment bubble. Warning signs such as persistent losses, intensifying competition, overpricing, and low customer retention were overshadowed by frenzied market sentiment. Beyond Meat, once hailed as the ‘plant-based meat […]

Every major leap in semiconductor history has been accompanied by mergers and acquisitions, and China is no exception. However, in the context of AI, Chinese players now face a new requirement: moving beyond mere domestic substitution to system-level definition. Instead of simply targeting foreign benchmarks, they must adapt to local conditions and define a technology

Liquor companies are employing three ‘magic tricks’ to sustain superficial performance: 1. Abandoning the traditional ‘payment before delivery’ model, leading to a 33% increase in accounts receivable and a 21% decline in contract liabilities. The operating cycle has exceeded 700 days, reaching a decade-high. 2. Wholesale prices have dropped by 12%, with companies betting on

Goldman Sachs believes that, given the current competitive valuation level of the RMB, relying on alternative policy tools to mitigate the drag of trade on growth is a more feasible approach than currency depreciation. RMB appreciation could benefit Chinese equities through accounting, fundamental, risk premium, and portfolio flow channels; a 1% appreciation could drive a

In the A-share market, the majority of stocks rose, with nearly 3,800 stocks advancing across the Shanghai, Shenzhen, and Beijing exchanges. Sectors such as nuclear power and IP economy led the gains, while innovative drugs and automotive sectors lagged. Nuclear power stocks surged collectively, with nearly 20 stocks, including China Nuclear Technology, hitting the daily

Meituan’s Q1 performance exceeded expectations, with total revenue reaching RMB 86.6 billion, a year-on-year increase of 18.1%, and operating profit surging by 102.8% year-on-year. The core business margin improved significantly, while losses in new businesses narrowed by 17.5%. Meituan’s Q1 results surpassed expectations, with total revenue hitting RMB 86.6 billion, up 18.1% year-on-year, and operating

Huatai Securities believes the probability of Trump’s tariff threat being fully implemented (i.e., sustained enforcement) is low. This is due to the current “fragility” of U.S. domestic politics and financial markets, which may struggle to absorb these potential impacts—especially considering the renewed volatility in U.S. long-term bond rates, which are critical for government and market

European stocks rebounded, with the pan-European index ending a three-day decline and closing up 1%. The automotive sector rose nearly 2%, with Stellantis gaining 5%. The U.S. dollar index hit a nearly six-week low, while the British pound reached a three-year high. The New Taiwan dollar closed at a two-year high, and Bitcoin surged by

Yu Weining, a statistician from the National Bureau of Statistics Industrial Department, explained that from January to April, the profits of industrial enterprises above the designated size showed stable recovery, demonstrating the strong resilience and shock-absorbing capacity of China’s industrial sector. However, it is important to note that uncertainties in the international environment persist, and

Regarding the impact of JD.com’s “10 Billion Subsidy” campaign on Meituan’s food delivery business, Meituan CEO Wang Xing responded that the company “will spare no cost to win the competition.” Due to uncertainty about “how long the irrational competition from new entrants will last,” Meituan “cannot provide accurate financial guidance for Q2 and the remainder