FAST NEWS: Niu Technologies Sales Zoom in China, Sputters Overseas in Third Quarter

The latest: Niu Technologies (NIU.US) reported that sales of its electric scooters soared 58% in this year’s third quarter, reaching 397,079 units for the three-month period. The vast majority of those sales were in China, which logged 392,112 units sold during the period. Looking Up: Niu said the strong domestic growth was driven by an aggressive expansion that saw it add 320 stores during the quarter in China. Take Note: While domestic sales were strong, the opposite was true for the tiny portion sales that came from exports. The company…

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Education Cleanup Claims First Victim as OneSmart Halts Most Operations

Board approves ‘the suspension of all of the company’s education programs and learning centers in China,’ according to statement Key takeaways: OneSmart says its board has approved a halt in operations for all of its education programs and learning centers in China Chinese education stocks are dividing into two camps of above and below $1, with day traders emerging as the driving force for the latter By Doug Young The bloodbath among education stocks that used to be some of China’s biggest rising stars on Wall Street has claimed its…

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