Hey there, I guess there are some BABA investors here, and this info might be helpful for you. It’s about the 2020 IPO scandal they had a few years ago.

For those who may not know, in 2020, Alibaba was called out for hiding key info about Alipay, its big payment platform, all while hyping up a $34.5 billion IPO. 

But just a few days later, the Financial Times reported that Chinese regulators suspended the IPO because the company didn’t meet the requirements (due to antitrust and anti-unfair competition issues). When this news came out, stocks dropped and investors filed a lawsuit against them.

The good news is that Alibaba just decided to settle $433.5M with investors over this situation. So, if you were an investor back then, you can check the information and file for the payment here.

Anyways, has anyone here been affected by this scandal back then? How much were your losses if so? 

Hey guys, there are probably some investors in Dada Nexus here. I posted about this settlement already, but since we got an update, I decided to post it again. It’s about the financial scandal they had a few years ago.

For newbies, earlier this year, DADA announced that an internal audit had identified “certain suspicious practices” that “may cast doubt on certain revenues from the Company’s online advertising and marketing services in 2023.” And on top of that, its CEO and CFO resigned.

When this news came out, it became clear to investors that they could no longer trust the previously stated revenue guidance for the Q4 and full year of 2023. DADA was accused of illegal business practices and reporting false revenue numbers, and investors filed a lawsuit against the company.

The good news is that DADA decided to settle and is paying $40M to investors for the whole situation. So if you bought DADA back then, you can check the details and file for the payment.

Anyways, has anyone here been affected by this? How much were your losses if so?

Hey guys, I posted about the settlement already, but in case you missed it, and since we have updates on it, I decided to post it again. It's about the investigation they had a few years ago over concerns about gaming addiction.

For the newbies: back in 2021, DouYu was investigated by the Chinese Government over concerns about gaming addiction and content. They cooperated with the inspection and conducted an internal review of their content monitoring system. But, just after the news came out, $DOYU fell almost 10%, and investors sued them for the losses.

The good news is that DouYu recently decided to pay a $2.25M settlement to shareholders and is taking claims for the damages. So if you were affected by this, you can check it out and file for the payment.

Now, the company is having some troubles after the issues with its CEO last year (btw, he got arrested on suspicion of setting up illegal casinos), and its revenue fell 26% in the second quarter — its third consecutive quarterly loss. 

Anyways, did anyone have $DOYU back then? If so, how much were your losses?

What is everyone's opinion on investing in XYF & JFIN stock? Is it a good investment? What is the bull and bear case? I notice they stocks have low valuation ratios.

Great explanation on what’s happening in the Chinese stock market right now. I myself Have some and this past week was quite a fun run.

https://youtu.be/FCfEotoae0c

Hey guys, there are probably some investors in Dada Nexus here, so I guess this might be useful info for you. It’s about the financial scandal they had a few years ago.

For newbies, earlier this year, DADA announced that an internal audit had identified “certain suspicious practices” that “may cast doubt on certain revenues from the Company’s online advertising and marketing services in 2023.” Not only that, but its CEO and CFO resigned.

With this new info, it became clear to investors that they could no longer trust the previously stated revenue guidance for the Q4 and full year of 2023. DADA was accused of illegal business practices and reporting false revenue numbers, and investors filed a lawsuit against the company.

The good news is that DADA agreed to pay investors for the whole situation. So if you bought DADA back then, you can check the details and file for the payment.

Anyways, has anyone here been affected by this? How much were your losses if so?

Hey guys, I posted about this settlement already, but since the deadline is in two weeks, I decided to post it again. It’s about the issues with the Registration Statement they had a few years ago.

For newbies, back in 2022, Missfresh was accused of including inaccurate financial data in its Registration Statement. Basically, they delayed the Annual Report Presentation and a few months later revealed potential inaccuracies in revenue for 2021. When all of this came out, $MF dropped and investors filed a claim against them.

The good news is that now Missfresh decided to settle $4.9M with investors to resolve this situation. Deadline is in two weeks, so if you were one of those damaged investors, you should definitely check it out.

Anyways, did you know about the data issues they had? And has anyone here been affected by this? How much were your losses if so?

If you see the friday chart a Discord group pumped the stock up after short sellers bought 4 million shares.

10000 shares is only $600 WTO acquired Bowen Therapeutics Check out the stocktwits link for all information on the acquisition

There is 2 people with 1 million dollars invested Reverse split will not happen at this price

Buy the stock do not sell

China Ping An is taking advantage of its major shareholder position and its capital advantage, engaging in deceptive tactics by saying one thing and doing another, thereby greatly misleading minority shareholders. Now, they are delaying the announcement of the privatization plan for the second time, using various insider tactics to create a sense of panic, with the intention of driving down Lufax’s stock price to a level they are satisfied with, essentially placing minority shareholders on the chopping block!

Minority shareholders are about to be cornered, but no matter how faint our voice may be, we must speak out:

“Everyone, let‘s fight back!”

All investors must unite!

We oppose the major shareholder taking advantage of the situation to drive down the stock price, buy more shares at a low price, and acquire the company cheaply, harming the interests of other shareholders!

The stock price has dropped by 98%, and we won’t sell a single share! We strongly oppose the major shareholder’s attempt to privatize Lufax at a low price!

Hey guys, here are probably some investors in TSP, so I guess you already know about the safety scandal TuSimple had a few years ago. Well, I have an update on this.

For newbies, back in 2022, TuSimple was accused of rushing the testing of its autonomous driving technology in order to deliver driverless trucks to the market ahead of its more safety-conscious competitors. This move to achieve schedules brought a lot of safety concerns. And when this news came out, TSP fell and investors filed a lawsuit against them.

The good news is that now TuSimple has decided to pay a $189M settlement to investors to resolve this situation. So, if you got hit back then, you can check here if you are eligible and file for the payment.

Anyways, has anyone here been affected by this? How much were your losses if so?

Does anyone own the stock LU? Let’s keep in touch!

Guys, Chinese stocks listed in the U.S. are so undervalued. Aren't you tempted? What do you think?

Hey guys, here are probably some investors in MF, so I guess this might be useful info for you. It’s about the issues with the Registration Statement they had a few years ago.

For newbies, back in 2022, Missfresh was accused of including inaccurate financial data in its Registration Statement. Basically, they delayed the Annual Report Presentation and had an independent Audit Committee checking the data (btw, a few months later revealed potential inaccuracies in revenue for 2021). When all of this came out, $MF dropped and investors filed a claim against them.

The good news is that now, Missfresh decided to settle $4.9M with investors to resolve this situation. So if you were an investor back then, you can check it out and file for the payment.

Anyways, did you know about the data issues they had? And has anyone here been affected by this? How much were your losses if so?

Hey guys, here are probably some investors in Full Truck, so I guess this might be useful info for you. It’s about the cybersecurity setbacks they had a few years ago.

For newbies, back in 2021, Full Truck Alliance was accused of hiding upcoming cybersecurity reviews in China for their apps. The problem with this review was that it required stopping new users' registrations until they improved the security system. So, when this news came out, $YMM dropped, and investors filed a sue against them.

The good news is that, after all this time, $YMM decided to pay a $10.25M settlement to investors to solve this situation. And they´re accepting claims even after the deadline. So, if someone's late on this, you still can file for it. 

Hey guys, maybe there are some DOYU investors here — I found some good news for you. It's about the investigation they had a few years ago over concerns about gaming addiction.

For the newbies: back in 2021, DouYu was investigated by the Chinese Government over concerns about gaming addiction and content. They cooperated with the inspection, and conducted an internal review of their content monitoring system. But the news hit them hard, $DOYU fell almost 10%, and investors sued them for the losses.

The good news is that DouYu recently decided to pay a $2.25M settlement to shareholders for the damages. So if you were affected by this, you can check it out and file for the payment.

Anyways, did anyone have $DOYU back then? If so, how much were your losses?

• SunCar has built an innovative cloud service and mobile app that digitalize the automotive aftermarket and eInsurance sectors in China.
• SunCar’s cloud platform is critical to China’s EV manufacturers as it delivers leading technology, a user-friendly mobile App, and China-wide scope.
• In FY 2023 SunCar registered almost 30% overall revenue growth and 80% growth in its auto eInsurance business.
• China's EV manufacturers primarily use Direct-to-Consumer models and rely on SunCar's digital platform and mobile app to deliver over 300 aftermarket services and eInsurance.
• SunCar recently reported positive Adjusted EBITDA showing a commitment to profitability while still investing in growth.

Yiren Digital Ltd., a leading fintech platform in China, released their Q1 2024 earnings report showcasing impressive year-over-year revenue growth and robust cash flow. The company's strategic focus on AI integration continues to yield positive results, particularly in their loan facilitation and customer acquisition efforts.

Key Highlights:

* Solid Revenue Growth: Revenue climbed by 14% year-over-year, reaching RMB 486 million, driven by strong performance across various business segments.

* Robust Cash Flow: Net cash from operating activities surged by 62% compared to the previous year, reaching approximately RMB 632 million.

* Healthy Balance Sheet: Yiren Digital boasts a strong cash position with RMB 5.9 billion in cash and cash equivalents, providing ample financial flexibility.

* Share Repurchase Program: The company remains committed to returning value to shareholders, deploying $2.1 million for share repurchases in Q1, bringing the total to $9.5 million by March 31, 2024.

* Positive Q2 Guidance: Revenue is projected to be between RMB 1.4 billion to RMB 1.6 billion with a healthy net profit margin, reflecting continued momentum.

AI Integration Drives Growth:

* Loan Facilitation Gains: AI integration within the loan facilitation business led to a significant 60% increase in total loan volume in international markets.

* Customer Acquisition & Telemarketing: AI-driven improvements in customer acquisition and telemarketing efforts yielded impressive results, with over 400,000 daily phone calls being handled by intelligent robots.

Strategic Outlook:

* Yiren Digital is actively exploring strategic investments and partnerships to further accelerate growth and expand its market presence.

* The company remains cautiously optimistic about the life insurance sector, closely monitoring the evolving regulatory landscape.

Source: https://earnings-summary.streamlit.app/?c=r&t=YRD

While Yiren Digital's AI initiatives demonstrate significant potential, how sustainable is their reliance on AI-driven growth in the long term, considering potential regulatory changes and technological advancements in the Chinese market?

Hi all, I am writing my thesis and dissertation in the university and I do a research with a survey about traders my main goal is to prove that emotions are the main reason for losses when trading and investing. It takes 2 minutes to fill it out and it would help me a lot! https://docs.google.com/forms/d/e/1FAIpQLSfmaa8KZXqDUYwwnP7VSyGVBdOHpXzEgRHah686zL3Z3LYxpw/viewform?usp=sharing

Thanks in advance for everyone who fills it out!

UP Fintech Holding Limited ($TIGR), the parent company of Tiger Brokers, released its first quarter 2024 earnings, demonstrating impressive year-over-year growth in both revenue and net income. The company benefited from increased trading activity and a growing client base. Let's delve deeper into the key takeaways from the earnings release:

1/ Key Highlights:

* Revenue Surges on Higher Trading Volumes: Total revenue reached $78.9 million, driven by a 9% YoY and a significant 27% QoQ jump in commission income, totaling $27.8 million. This indicates a resurgence in client trading activity.

* Interest Income Remains Robust: Interest income also contributed to the top line, reaching $43.8 million, a 27% YoY and 10% QoQ increase.

* Operating Costs Impacted by Interest Expense: Operating costs for the quarter were $50.8 million, with interest expense seeing a significant increase of 76% YoY to $14.8 million. However, it's worth noting that the company managed to decrease its execution and clearing expenses by 8% YoY.

* Net Income Shows Strong Growth: Both GAAP and non-GAAP net income showed robust growth, reaching $12.3 million (55% YoY increase) and $14.7 million (42% YoY increase), respectively.

* Client Growth and Engagement Remain Strong: Total client assets at the end of the quarter grew 7% sequentially and a staggering 104% YoY. The average net asset inflow from new retail clients was over $14,000.

2/ Other Notable Points:

* The company's efforts to improve operational efficiency are evident in the clearing fee, which, as a percentage of commission income, reached a historical low of 8%.

* Tiger Brokers continues to innovate and expand its product offerings, evidenced by the growing adoption of its Tiger Vault debit card and the rollout of the contra trading feature in Singapore.

Source: https://earnings-summary.streamlit.app/?c=r&t=TIGR

While the earnings report showcases strong financial performance, the significant year-over-year increase in interest expense raises some concerns. What are your thoughts on how rising interest rates might impact $TIGR's profitability going forward, and how can the company mitigate this risk?

ZTO Express ($ZTO) released their Q1 2021 earnings, revealing a clear focus on profitability over pure volume growth. While revenue expansion was modest, the company delivered a significant jump in adjusted net income driven by impressive cost control measures. Let's delve deeper:

Key Highlights:

* Profitability Takes Center Stage: Adjusted net income surged by an impressive 15.8% year-over-year, reaching RMB 2.2 billion. This was fueled by a significant 19% increase in gross profit, highlighting successful margin expansion strategies.

* Volume Growth Remains Healthy: Parcel volume grew by a respectable 13.9% year-over-year, reaching 7.2 billion parcels. This translated to a stable market share of 19.3%, showcasing ZTO's continued dominance in the Chinese express delivery market.

* Cost Optimization Initiatives Deliver: ZTO demonstrated commendable cost discipline, with unit sorting costs decreasing by 5.4% and line-haul transportation costs per parcel declining by 7%. These efficiency improvements contributed significantly to the bottom-line growth.

Looking Ahead:

ZTO appears to be prioritizing sustainable and profitable growth, as evidenced by their focus on balancing volume and profit margins. While the Chinese express delivery market remains competitive, ZTO's emphasis on operational efficiency and cost control positions them well for long-term success.

Source: https://earnings-summary.streamlit.app/?c=r&t=SJM

Do you believe ZTO's strategic shift towards profitability over aggressive volume growth will pay off in the long run, especially considering the intense competition in the Chinese express delivery market?

Key Takeaways:

* Return to Profitability: Tuniu reported a return to profitability in Q1 2024, posting a net income attributable to ordinary shareholders of RMB13.9 million and a non-GAAP net income of RMB19.7 million. This positive result comes amidst a challenging macroeconomic environment and reflects the company's successful strategic initiatives.

* Robust Revenue Growth Expected: The company projects Q2 2024 net revenues to fall between RMB114.9 million and RMB119.9 million, representing a significant year-over-year increase of 15% to 20%.

* Live Streaming and Offline Expansion Driving Growth: Tuniu's focus on live streaming and expanding its offline presence is yielding impressive results. Total payment volume from live streaming channels surged by over 200% year-over-year, while transaction volume from offline stores also witnessed a remarkable increase exceeding 200%.

* Healthy Gross Margin Expansion: The company achieved a gross margin exceeding 70% in Q1 2024, driven by a strategic emphasis on profitable products like in-house packaged tours.

* Domestic Travel Leads the Recovery: Domestic tours constituted approximately 70% of GMV, experiencing double-digit growth year-over-year. Outbound travel, while still a smaller portion of the business at 30% of GMV, demonstrated a strong resurgence with multi-fold growth.

Source: https://earnings-summary.streamlit.app/?c=r&t=TOUR

Tuniu's Q1 2024 earnings demonstrate promising progress across key areas. The company's focus on live streaming and offline expansion appears to be effectively capturing the rebound in travel demand, particularly within the domestic market. However, the global macroeconomic landscape remains uncertain.

How sustainable do you believe Tuniu's growth trajectory is in light of potential headwinds in the broader economic environment?

Key Takeaways:

* Revenue Beat, Loan Volume Miss: X Financial posted impressive 20% YoY revenue growth, surpassing analyst expectations. However, total loan amount facilitated and originated declined 11% YoY, raising concerns about future growth prospects.

* Margin Expansion a Bright Spot: Origination and servicing expenses grew at a slower pace than revenue, while borrower acquisition costs saw a welcome decline. This contributed to a healthy expansion of operating margins.

* Share Buyback Program Announced: The Board authorized a new $20 million share repurchase program, signaling confidence in the company's future and potentially offering support to the stock price.

Source: https://earnings-summary.streamlit.app/?c=r&t=XYF

Points of Interest:

* Loan Growth Trajectory: While management guidance suggests a recovery in loan originations for the full year, the Q1 contraction warrants attention. What factors are driving this trend, and how confident is management in achieving their full-year guidance?

* Asset Quality Holding Up: Delinquency rates remained relatively stable, suggesting responsible underwriting practices despite the challenging macroeconomic backdrop. It will be crucial to monitor these metrics in the coming quarters.

* Impact of Share Buybacks: How will the newly announced share repurchase program influence earnings per share, and is this the most effective use of capital at this juncture?

Given the divergence between robust revenue growth and contracting loan volume, how should we interpret X Financial's long-term growth narrative?

User Metrics and Revenue Decline
Tantan, a key product of Hello Group, saw a significant drop in paying users to 1.1 million, a decrease of 100,000 users sequentially. This decline was primarily due to a regulatory-mandated redesign of the auto-renewal page. Total revenue for Tantan in Q1 was RMB241 million, representing a 22% year-over-year decrease and an 11% decline sequentially. The revenue dip was mainly attributed to the reduced number of paying users, though this was partially offset by increased contributions from high-end membership products.

Operating Income and Efficiency Gains
Despite the revenue challenges, Hello Group reported an adjusted operating income of RMB28 million for Tantan, nearly doubling year-over-year. This improvement was driven by enhanced channel efficiency and personnel cost optimization. The non-GAAP operating margin was reported at 20.1%, showing a slight decrease from the previous quarter.

Reduction in Operating Expenses
Non-GAAP operating expenses decreased by 16% year-over-year, primarily due to reduced sales and marketing expenses and ongoing personnel cost optimizations. Additionally, the company accrued a non-cash withholding tax of RMB448.6 million based on repatriation of earnings, described as a one-off event.

Expanding Overseas Operations
The company has been ramping up investments in overseas markets with a focus on user acquisition and collaborations with local key opinion leaders (KOLs). This strategy has led to growth in both the number of users and paying users. Operational adjustments, including the introduction of new interactive features and localization efforts, were highlighted as key drivers for enhancing user experience and engagement.

Source: https://earnings-summary.streamlit.app/?c=reddit&t=MOMO

Given the regulatory impact on user metrics and revenue for Hello Group's key product, Tantan, what potential risks and opportunities do you foresee in their strategic shift towards sustainable, non-event operations?

I'm following Alibaba (ticker Baba) for some time. Last Friday my simple mind and beginner TA thought that was a break out.

But since no one in the Baba group was talking about it, I thought I was the only one seeing it that way and it's probably only a fake break out.

As I said, I'm a noob when it comes to reading charts. So, how do you discern fake break out from a real one?