RIDING CHINA'S GROWTH

The performance of companies in China is discussed. TAL Education Group's stock dipped earlier this year after a short-seller alleged it had inflated its net income, an accusation TAL denies. But the after-school education firm bounced back strong; shares are up close to 54% this year as the pa...

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Published in:Fortune 2020-12, Vol.182 (4), p.128
Main Authors: Abril, Danielle, Aspan, Maria, Barrett, Eamon, Bellstrom, Kristen, Clifford, Lee, DeCarlo, Scott, Dunn, Katherine, Elegant, Naomi Xu, Fry, Erika, Hackett, Robert, Heimer, Matt, Kahn, Jeremy, Kowitt, Beth, Lev-Ram, Michal, McGregor, Grady, Nusca, Andrew, O'Keefe, Brian, Pressman, Aaron, Rapp, Nicolas, Shen, Lucinda, Wahba, Phil, Wieczner, Jen, Zillman, Claire
Format: Magazinearticle
Language:English
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Business growth
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Summary:The performance of companies in China is discussed. TAL Education Group's stock dipped earlier this year after a short-seller alleged it had inflated its net income, an accusation TAL denies. But the after-school education firm bounced back strong; shares are up close to 54% this year as the pandemic helped boost its nascent online tutoring business. After opening its first outlet in China's Sichuan province in 1994, Haidilao has built a $38 billion hot pot empire by focusing on unique services and efficiency. Robots, introduced in 2018, buzz around restaurants to deliver ingredients to diners, and employees dole out free gift bags and manicures to customers waiting for tables. Rising tensions between China and India threatened to derail the Chinese smartphone maker's growth prospects this year. But Xiaomi, which derives roughly 20% of its revenue from India, has weathered the storm thus far.
ISSN:0015-8259