Miniso’s shares have slumped 24% year-to-date due to market concerns and China’s performance, The Fly reported.
Retail sentiment on Stocktwits ended on a 'bearish' note on Friday
DouYou’s new Co-CEO said the company continues to focus on improving its operational efficiency and endeavor to overcome the challenges of the macroeconomic and operating environment
For the three months ending Sept. 30, its revenue came in at $644.5 million, increasing 19.3% year-over-year.
Wall Street analysts expect the company to post earnings per share (EPS) of $0.31 on revenues of $631.04 million.
Macquarie’s Eugene Hsiao says weaker demand for the core Nio brand and a slower ONVO production ramp led to an 18% revenue miss versus the midpoint of the guidance range.
Nio shares have halved year-to-date amid tough EV industry fundamentals in China.
Mainland China stocks tumbled on Wednesday, marking the end of a 10-day rally, as the stimulus-induced rally faded. On Tuesday, mainland Chinese stocks, including those listed in Shanghai, Shenzhen, and...