Caixin Global – Latest China News & Headlines

Home >


CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

Trending in China: Mission Impossible? Young Environmental Hero Tries To Clean Up Tibet
Chinese Online Travel Agency Sees Revenue Plummet As Covid-19 Fallout Lingers
Chinese Supply Chain Provider Xingyun Closes $200m in a Series C Round
Chinese EV Charging Operator Star Charge Nabs $125m Co-Led by Schneider, CICC
Trending in China: One of China’s Weirder Poverty Alleviation Programs Goes Viral with 100m Plus Views
Chinese Carmaker Geely Signs Driver-Assistance System Deal with Mobileye
Chinese Genomics Company BGI to Provide Ethiopia with Coronavirus Testing Kits Made at African Plant
Trending in China: Autumn Milk Tea – Cynical Marketing Strategy or True Friendship?
IFC Mulls $80m Loan to Chinese Pig Rearing Firm Guangxi Yangxiang
Short Video Firm Kuaishou Optimizes Its E-Commerce By Connecting Livestreamers With Quality Products
Segway Owner Set to Make History With Shanghai IPO
BMW’s Use of High-Density Batteries Raises Safety Concerns
ByteDance Applies for Chinese Tech Export License as TikTok Negotiations Continue
Trending in China: Macau Eases Travel Restrictions but Will Covid-19 Tests Kill People’s Travel Bug?
Alibaba Subsidiary Cainiao Pushes Into Malaysia With Cross-Border Delivery Service
Trending in China: School Throws Away Students’ Food Deliveries To Force Use of Canteen
Chinese Electric Carmaker Li Auto Teams Up With U.S. Chipmaker Nvidia Recycling Operator Wanwu Xinsheng Nets Over $100m
HSBC Shares Fall to Lowest Since 2009 As Investors Fret About Financial Crimes Report
Huawei Cuts R&D Investment and Jobs in Australia Amid Tech War
Bilibili, Qudian Post Strong Growth but Get Cold Shoulder From Investors

By Ding Yi / Nov 19, 2019 01:48 PM / Business & Tech

Photo: VCG

Photo: VCG

China’s U.S.-listed companies must be starting to think they can’t do anything right, as investors continue to offer the cold shoulder to many of the country’s firms despite healthy growth figures.

Video platform Bilibili and payday lender Qudian are the latest tech companies to receive a collective shrug, despite the two New York-listed Chinese firms posting solid quarterly earnings on Monday.

Bilibili booked 1.86 billion yuan ($265 million) in net revenues and 351.3 million yuan in gross profit in the three months through September, up 72% and 80% respectively from a year earlier. The company’s average monthly paying users also soared by 124% to 7.9 million.

Over at Qudian, revenues totaled 2.59 billion yuan, up 34.3% from a year ago, wh ile net profit grew by 52.6% to 1.04 billion yuan. The online lender also saw its total number of registered users increase by 11.8% over the quarter.

Enough to get investors rubbing their hands in delight, you might think. But not so: Bilibili’s stock price closed down 1.97% on Monday, while Qudian’s tumbled by a whopping 21%.

In December 2017, a U.S. law firm sued Qudian over allegations that the company had falsified claims in its IPO documents and violated other rules and regulations. The conclusion of the case remains unclear.

Contact reporter Ding Yi (

Related: Entertainment Platform Bilibili's Net Loss Widens Despite Surging Revenue

Share this article
Open WeChat and scan the QR code