Temu Doomed! Parent Pinduoduo Q1 Profit Down 47%, Stock Plunges 20%, $30B Market Value Vanished
On May 27, PDD Holdings, the parent company of Pinduoduo and Temu, released its Q1 2025 financial report. The report showed revenue of 95.7...
China’s Urban Rail Suffers Biggest Losses: Shenzhen Metro Down $4.6B, Beijing Subway $3.3B Annually
In May this year, Shenzhen Metro Group published its 2024 financial report, revealing a loss of 33.5 billion yuan (about 4.6 billion US dollars),...
World-Class Scandal! Xiaomi’s New Car Fails, 3NM Chip Fake, Ferrari Copy Sparks Outrage
On May 23, a vlogger remarked in a video that the whole world might be laughing at China right now. Xiaomi’s SU7 has been...
China’s Fake Economic Data Fail to Hide the Crisis, Protests Over Unpaid Wages Expose Facts
Multiple protests demanding overdue salaries have erupted across many regions in China. These protests have spread beyond construction workers to include teachers, sanitation workers,...
SCARY! Chinese Residents’ Deposits Plunge 2 Trillion Yuan in a Month, But Worse Things Are Happening
An article by Zhengzhou Real Estate Watch called this trend a “great deposit exodus.” Residents are withdrawing deposits but are not spending on consumption,...
Shenzhen’s Huaqiangbei Becomes a Black Market Hub for Stolen iPhones from the West
My iPhone was stolen in London. A few days later, I discovered that it had ended up in China. So we booked a flight...
WORST EVER! Huawei’s First Foldable Laptop Faces Massive Backlash
On May 20, Huawei held a grand launch event in Beijing to officially unveil the “world’s first HarmonyOS folding laptop”—the MateBook Fold Extraordinary Master....
Rice Planted On Mountains, Solar Panels Fill Farms: China’s 10 Million-Ton Food Gap Is Intentional
Under the rule of the Chinese Communist Party, China has seen a series of unusual innovation projects. After the recent end of the “rice...
Chinese People Cry Out To The World: This Is The Real China
People across the country, people around the world, please help us. I’m a depositor at Henan Village Bank. Since April 18, 2022, our UnionPay...