The Caixin-Sinica Business Brief Episode 236: Oppo shuts its chip design arm, PLA pun costs comedian cash


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On this week’s episode, Oppo shuts down its chip-designing business, Baidu’s quarterly revenue exceeds market expectations, and a Chinese comedy producer takes $2 million hit for a military pun.

In addition, Yukun Zhang tells how a Shandong-based steel cord maker faked its numbers and defaulted on bond repayments — and why the court’s ruling on compensation may have an impact beyond this specific case.