Name: From Evergrande to BYD: Uncovering China’s Next Financial Scandal || Digging into China | Videos | Gan Jing World - Technology for Humanity | Video & Movie Streaming
Uploaded: 2025-06-05T00:12:59.911Z
Duration: 13 min 12 s
Description: From Evergrande to BYD: Uncovering China’s Next Financial Scandal This video examines a recent PR c... | Videos | Gan Jing World - Technology for Humanity | Video & Movie Streaming

Digging into China

https://video1-us-east.cloudokyo.cloud/video/v12/0f/2c/0b/0f2c0b23-418a-44cf-a893-6353e4dbf78a/master.m3u8

From Evergrande to BYD: Uncovering China’s Next Financial Scandal

This video examines a recent PR crisis at BYD, sparked by accusations likening it to “Evergrande of the auto industry.” BYD’s PR head, Li Yunfei, responded aggressively, dismissing critics as hostile forces and threatening legal action. The narrative critiques BYD’s failure to acknowledge government signals, such as a Ministry directive against cutthroat competition. It analyzes potential financial manipulation in BYD’s reports, drawing parallels with Luckin Coffee’s fabricated revenues and Evergrande’s sophisticated tactics like premature revenue recognition and debt concealment. Key concerns include BYD’s profit-cash flow divergence, high accounts receivable, surging inventory, opaque financial practices, and reliance on subsidies. The video suggests BYD’s aggressive expansion mirrors Evergrande’s risky path, hinting at an industry-wide crisis in China’s new energy vehicle sector, with broader implications for its sustainability.

0:00 Intro
0:07 A Public Relations Firestorm
1:08 Misreading the Room
2:33 Arrogance or Ignorance?
3:48 Lessons from Luckin’s Fall
6:05 Evergrande’s Sophisticated Schemes
8:43 BYD Under the Microscope

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