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Bilibili Reports Fast User Growth, but Widened Net Loss Leaves Shareholders Uncertain

IN THE NEWS
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BRIEF NEWS
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Uxin Stock Down 11.8% After Earnings

Uxin Stock Down 11.8% After Earnings

The Baidu-backed used car marketplace reported narrower-than-expected losses.

Nov 20, 2018 6:15 PM PT
X Financial Posts Higher Revenue, Earnings Nearly Doubled

X Financial Posts Higher Revenue, Earnings Nearly Doubled

The company said it expected the total loan facilitation amount for the fourth quarter would be in the range of $1.18 billion to $1.25 billion.

Nov 20, 2018 6:01 PM PT
China-based IT Services Provider HiTek Global Seeks Nasdaq Listing

China-based IT Services Provider HiTek Global Seeks Nasdaq Listing

The company reported revenue last year of $6.9 million, about level from the year before, and $3.5 million for the first six months of this year.

Nov 20, 2018 5:45 PM PT
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INTERVIEWS WITH CHINESE ENTREPRENEURS

Ask : Who was trying to "hunt you down" this year?

COMPANY WATCH
Weidai Prepares to Ring the Bell Tomorrow, Aims to Raise $49.5 million

Weidai Prepares to Ring the Bell Tomorrow, Aims to Raise $49.5 million

Weidai is expected to ring the bell tomorrow in New York, planning to raise up to $49.5 million by offering 4.5 million ADSs at a price range of $9 to $11 per ADS.

Ctrip Stock Drops 4% After Hours on Soaring Net Loss

Ctrip Stock Drops 4% After Hours on Soaring Net Loss

Shares in the company, after ending the day up 3 percent, tumbled in after-hours trading after Ctrip posted its third quarter financials.

Lenovo Takes Top PC Seller Position in Third Quarter; Future Uncertain

Lenovo Takes Top PC Seller Position in Third Quarter; Future Uncertain

Despite strong third-quarter results, Lenovo has experienced turbulence after Bloomberg's spying report.

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NEWSFEED ASIA

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PRESS RELEASES

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EDITOR'S PICKS
Another Chinese P2P Company, Xiaotai International, Files for IPO in New York

Another Chinese P2P Company, Xiaotai International, Files for IPO in New York

The Hangzhou-based company, which is seeking a listing on the NYSE American exchange under the symbol “TAI,” filed for a maximum offering of $20 million.

Tencent's Fashion Platform Mogu Seeks $200 Million IPO

Tencent's Fashion Platform Mogu Seeks $200 Million IPO

The offering was downsized from the $500 million the Chinese fashion platform was said to be seeking previously.

Auto-backed P2P Lending Platform Weidai Downsizes IPO Target to $50 Million

Auto-backed P2P Lending Platform Weidai Downsizes IPO Target to $50 Million

Weidai is the largest auto-backed financing provider in China in terms of loan volume, with a market share of approximately 35 percent.

Sogou Reports Stronger Revenue, but Profits Slip

Sogou Reports Stronger Revenue, but Profits Slip

The Beijing-based company, a publicly traded unit of Sohu.com Ltd. (Nasdaq: SOHU), said revenue climbed 7 percent year-over-year to $276.6 million.

Baidu Unveils Self-Driving Passenger Car Hongqi L4 and Other Innovations at Baidu World 2018

Baidu Unveils Self-Driving Passenger Car Hongqi L4 and Other Innovations at Baidu World 2018

At the conference in Beijing Thursday, Baidu, which has been aggressively pushing Apollo in the self-driving car race, has announced a number of partnerships and innovations across several sectors.

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