China Business Uncovered #5: How China’s Tech Elite Got Burned by a Failing Luxury-Car Dealer
China Business Insider - News From Caixin Global
Release Date: 07/03/2026
China Business Uncovered #5: How China’s Tech Elite Got Burned by a Failing Luxury-Car Dealer
China Business Insider - News From Caixin Global
Program description: China Business Uncovered takes listeners inside China’s business world through the eyes of reporters who investigate it firsthand. Featuring open conversations with Caixin journalists, each episode breaks down the most complex developments inside Chinese companies. Tune in to understand how critical stories are covered, what’s really happening beneath the surface, and why it matters for businesses and investors operating in and around China. Recorded in Mandarin and produced in English with the help of AI, China Business Uncovered brings Caixin’s in-depth...
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China Business Uncovered #4: Inside Vanke and China's Property Reckoning
China Business Insider - News From Caixin Global
Program description: China Business Uncovered takes listeners inside China’s business world through the eyes of reporters who investigate it firsthand. Featuring open conversations with Caixin journalists, each episode breaks down the most complex developments inside Chinese companies. Tune in to understand how critical stories are covered, what’s really happening beneath the surface, and why it matters for businesses and investors operating in and around China. Recorded in Mandarin and produced in English with the help of AI, China Business Uncovered brings Caixin’s in-depth...
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Darers & Doers: The Quest for AI-Powered Cancer Vaccines
China Business Insider - News From Caixin Global
Program description: Darers and Doers, a special segment of China Business Uncovered, showcases groundbreaking innovations from China and features company founders and CEOs who are turning cool, bold ideas into reality. Produced by Caixin Global. Cancer treatment has long relied on a largely fixed set of options: surgery, radiation, chemotherapy and targeted drugs. But a new generation of biotech founders is trying to push the field toward something more precise — treatments built around the biology of a single patient. In this debut episode of Darers & Doers, Likang Life...
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China Business Uncovered #3: Inside the Fall of ‘China’s LVMH’
China Business Insider - News From Caixin Global
Program description: China Business Uncovered takes listeners inside China’s business world through the eyes of reporters who investigate it firsthand. Featuring open conversations with Caixin journalists, each episode breaks down the most complex developments inside Chinese companies. Tune in to understand how critical stories are covered, what’s really happening beneath the surface, and why it matters for businesses and investors operating in and around China. Recorded in Mandarin and produced in English with the help of AI, China Business Uncovered brings Caixin’s in-depth...
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China Business Uncovered #2: Brazil’s ‘Very Chinese Moment’
China Business Insider - News From Caixin Global
Program description: China Business Uncovered takes listeners inside China’s business world through the eyes of reporters who investigate it firsthand. Featuring open conversations with Caixin journalists, each episode breaks down the most complex developments inside Chinese companies. Tune in to understand how critical stories are covered, what’s really happening beneath the surface, and why it matters for businesses and investors operating in and around China. Recorded in Mandarin and produced in English with the help of AI, China Business Uncovered brings Caixin’s in-depth...
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China Business Uncovered #1: A $15 Billion Bitcoin Seizure and the Fall of a Cybercrime Kingpin
China Business Insider - News From Caixin Global
Program description: China Business Uncovered takes listeners inside China’s business world through the eyes of reporters who investigate it firsthand. Featuring open conversations with Caixin journalists, each episode breaks down the most complex developments inside Chinese companies. Tune in to understand how critical stories are covered, what’s really happening beneath the surface, and why it matters for businesses and investors operating in and around China. Recorded in Mandarin and produced in English with the help of AI, China Business Uncovered brings Caixin’s in-depth...
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Caixin Deep Dive: How a $15 Million Chinese Pork Deal Turned Into a Cautionary Tale for Foreign Investors
China Business Insider - News From Caixin Global
After investing in a Dalian meat company, a consortium of investors discovered their money had vanished, only to face obstacles from local authorities. (00:00:58) The Cross-Border Investor’s Nightmare Scenario (00:01:54) The $15.4 Million Bet on a Pork Empire (00:02:22) When the Lights Went Out: Filings Halt and Capital Vanishes (00:03:15) Bankruptcy Restructuring — Or a Shell Game? (00:04:04) A Zombie Company: Factory Alive, Equity Dead Note: The conversation segment of this episode was generated using AI and has been edited for accuracy. It is based on this Caixin story: ...
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Caixin Deep Dive: Chinese Local Governments Risk Replicating Mistakes of LGFVs
China Business Insider - News From Caixin Global
Culture-and-tourism investment companies emerge as a new financing channel for localities, but diverted funds and undistinctive projects leave many operating like LGFVs and facing the same financial pressures. Note: The conversation segment of this episode was generated using AI and has been edited for accuracy. It is based on this Caixin story: Subscribe now to unlock all coverage from Caixin Global and The Wall Street Journal for just $200 a year, enjoying a . Group discounts are available — contact us for a .
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Caixin Deep Dive: Chinese Firms Face Shifting Global IPO Landscape
China Business Insider - News From Caixin Global
Tighter rules proposed by the Nasdaq are expected to send some would-be issuers searching for more welcoming markets in London or Hong Kong. Note: The conversation segment of this episode was generated using AI and has been edited for accuracy. It is based on this Caixin story: Subscribe now to unlock all coverage from Caixin Global and The Wall Street Journal for just $200 a year, enjoying a . Group discounts are available — contact us for a .
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Caixin Deep Dive: Why Singapore Sovereign Fund Sues Chinese EV-Maker Nio
China Business Insider - News From Caixin Global
Nio shares slump in Singapore and Hong Kong after a Caixin report detailing GIC allegations. Note: The conversation segment of this episode was generated using AI and has been edited for accuracy. It is based on this Caixin story: Subscribe now to unlock all coverage from Caixin Global and The Wall Street Journal for just $200 a year, enjoying a . Group discounts are available — contact us for a .
info_outlineProgram description:
China Business Uncovered takes listeners inside China’s business world through the eyes of reporters who investigate it firsthand.
Featuring open conversations with Caixin journalists, each episode breaks down the most complex developments inside Chinese companies. Tune in to understand how critical stories are covered, what’s really happening beneath the surface, and why it matters for businesses and investors operating in and around China.
Recorded in Mandarin and produced in English with the help of AI, China Business Uncovered brings Caixin’s in-depth investigative reporting to a global audience.
Episode intro:
Baolide Holdings Group, once one of East China’s biggest luxury car dealers, collapsed in 2024 under the weight of a market downturn, high-interest private borrowing and alleged falsified accounts.
But what made the case stand out was the star-studded group of investors founder Yu Haijun managed to draw in, including figures linked to Alibaba, NetEase and Hillhouse Capital.
In this episode of China Business Uncovered, host Kelsey Cheng speaks with Caixin reporter Wang Juanjuan about how Yu kept Baolide’s IPO story alive for years and what the company’s fall reveals about a private-business financing ecosystem where relationships can substitute for proper due diligence.
Chapters:
(01:55) Baolide’s rise as a luxury car dealer
(03:46) How founder Yu Haijun turned relationships into business
(08:32) The listing story that became a fundraising tool
(11:10) The lakeside banquet that kept star-studded investors believing
(15:35) Two sets of books and Baolide’s real financial picture
(17:04) High-interest private debt and the cash-flow black hole
(21:13) Business failure or fraud?
(27:56) What Baolide’s case reveals about trust in China’s business world
This episode of China Business Uncovered was based on these stories:
In Depth: How a Lakeside Banquet Reinforced Confidence in Baolide Among China’s Tech Elite
In Depth: How China’s Tech Elite Got Burned by Luxury Car Dealer Baolide’s IPO Mirage
Founder of Bankrupt Luxury Auto Dealer Baolide Detained in Fraud Probe
Produced by Kelsey Cheng and Du Bohan.
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