CHINA BULLETIN: Return of the Lunar New Year Rush
In this week’s issue China’s Lunar New Year rush returns, manufacturing contracts, and Dell says “no” to Chinese chips. On a scale of 1 to 10, we give the week a 7 for offshore-listed China stocks.
Secoo’s Contraction Slows as It Cleans Up Financial House
Online luxury goods seller was one of the biggest corporate victims of China’s Covid restrictions over the last three yearsKey Takeaways:Secoo’s revenue fell 24% in the first half of 2022,…
Secoo’s Online Luxury Dream Ends in Bankruptcy, Sea of Discontent
The former highflyer hoped to get rich on China’s booming appetite for luxury goods, but ended up sputtering due to a range of macro and company-specific issues Key Takeaways: Online…