Klook goes against the flow with U.S. listing plan
The Hong Kong-based online travel agent targeting young consumers is reportedly planning to file soon for a New York listing that could raise up to $500 million Key Takeaways: Klook…
Investors are tapped for more cash as iMotion’s ambitions take flight
The automotive technology company is planning to issue yet another set of shares to fund its accelerating expansion into robotics and flying cars Key Takeaways: The company hopes to raise…
1274.HK
Yangtuo bets on small-town moms despite declining birth rates
The infant products e-commerce platform has filed for a Hong Kong IPO, hoping investors will buy into its transformation story after its revenue flatlined last year Key Takeaways: Yangtuo’s infant…
Fortune smiles again on WuXi AppTec with profit surge
The drug services giant has forecast a jump in revenue for the first half and a doubling of net profit, after U.S. policy concerns abated Key Takeaways: The projected results…
2359.HK
603259.SHG
Tinci Materials eyes Hong Kong listing, hoping investors see past its sagging profits
The lithium battery materials maker aims to use funds from its planned IPO to advance its global expansion, as it grapples with declining profits and weak prices Key Takeaways: Tinci…
002709.SHE
Tian Tu banks on bonds in planned pivot from its retail roots
The private equity investor appears to be setting its sights on high-tech companies as it prepares to raise funds by issuing bonds Key Takeaways: Tian Tu Capital is looking to…
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IPO 
Klook goes against the flow with U.S. listing plan
The Hong Kong-based online travel agent targeting young consumers is reportedly planning to file soon for a New York listing that could raise up to $500 million Key Takeaways: Klook…
Yangtuo bets on small-town moms despite declining birth rates
The infant products e-commerce platform has filed for a Hong Kong IPO, hoping investors will buy into its transformation story after its revenue flatlined last year Key Takeaways: Yangtuo’s infant…
Tinci Materials eyes Hong Kong listing, hoping investors see past its sagging profits
The lithium battery materials maker aims to use funds from its planned IPO to advance its global expansion, as it grapples with declining profits and weak prices Key Takeaways: Tinci…
With Indian production base taking shape, is BIEL Crystal headed for an IPO?
A strong trading debut for one of its peers in Hong Kong’s strongest IPO market in years could prompt the iPhone glass supplier to revive its previous listing plan Key…
New Energy 
Fading revenue fails to cast shadow over Xinzi’s IPO ambitions
Despite reporting a net loss and falling revenue last year, the thin-film solar packaging firm has doubled the size of its Nasdaq share sale Key Takeaways: Xinzi Optoelectronics has filed…
Nio’s road to profitability obscured in haze of losses
The NEV maker’s sales fell short of expectation and its losses continued to widen in the first quarter, even as founder Li Bin outlined a route to profitable by year-end…
RoboSense steers towards profits as LiDAR gains traction
The maker of sensors for assisted driving and robotics suffered a revenue dip in the first quarter but moved closer to its breakeven target Key Takeaways: The company managed to…
Consumer 
Tian Tu banks on bonds in planned pivot from its retail roots
The private equity investor appears to be setting its sights on high-tech companies as it prepares to raise funds by issuing bonds Key Takeaways: Tian Tu Capital is looking to…
Tinci Materials eyes Hong Kong listing, hoping investors see past its sagging profits
The lithium battery materials maker aims to use funds from its planned IPO to advance its global expansion, as it grapples with declining profits and weak prices Key Takeaways: Tinci…
Feihe’s sliding profits point to China dairy market past its sell-by date
Declining birth rates and China’s slowing economy are taking a toll on the company and its peers as they grapple with oversupply and asset impairments on excess inventory Key Takeaways:…
Red Star Macalline shines spotlight of hope on struggling retail property sector
The shopping mall operator said its losses continued to grow in the first half of this year, but indicated the rate of increase could be moderating Key Takeaways: Red Star…
Cirrus Aircraft primed for new financing as its thinly traded stock surges
The U.S.-based aircraft maker’s Chinese parent has offloaded some of its stake, raising nearly HK$700 million and signaling the potential for fresh fundraising Key Takeaways: Shares of Cirrus Aircraft have…
Healthcare/biotech 
Fortune smiles again on WuXi AppTec with profit surge
The drug services giant has forecast a jump in revenue for the first half and a doubling of net profit, after U.S. policy concerns abated Key Takeaways: The projected results…
Private healthcare’s unclear road, and a surging cosmetic surgeon
Private clinic operators for medical treatments like eye and dental care are facing a difficult path as Chinese consumers rein in their spending. What's ahead for this group? And cosmetic surgery services provider So-Young's shares have soared in recent weeks as investors embrace its shifting business model. Why are they suddenly so confident?
RemeGen’s $4.2 billion licensing deal falls flat with investors
The biopharma firm had fanned excitement over a rights deal for its autoimmune drug but the eventual terms, with just a small portion of upfront cash, left the market disappointed…
HBM notches up another mega deal but is the model sustainable?
The biotech has agreed to sell rights to one of its cancer drugs under development for up to $670 million, adding more fuel to its share price rebound this year…
Finance 
Tian Tu banks on bonds in planned pivot from its retail roots
The private equity investor appears to be setting its sights on high-tech companies as it prepares to raise funds by issuing bonds Key Takeaways: Tian Tu Capital is looking to…
Hong Kong: China’s IPO pipeline and crypto lab
Companies raised $13.6 billion through Hong Kong IPOs in the first half of the year, giving the city the global fundraising title for that period. What's behind the sudden boom? And a growing number of Chinese companies are experimenting with cryptocurrencies in Hong Kong, even as such currencies are banned on the Mainland. What's driving such different approaches on the Mainland and in Hong Kong?
INTERVIEW: Cango maps out future path as bitcoin miner
The company recently completed the first phase of its transformation from auto trader to bitcoin miner with its acquisition of additional machines with 18 EH/s of capacity By Doug…
Hong Kong IPOs explode in first half as China Inc. abandons New York
Hong Kong listings by 44 companies raised $13.6 billion in the first six months of 2025, accounting for a quarter of the world’s total IPO fundraising Key Takeaways: Hong Kong…
Ecommerce 
Yangtuo bets on small-town moms despite declining birth rates
The infant products e-commerce platform has filed for a Hong Kong IPO, hoping investors will buy into its transformation story after its revenue flatlined last year Key Takeaways: Yangtuo’s infant…
Alibaba turns up its ‘instant retail’ game
The merger of its Ele.me service with its core e-commerce business marks a new stage in the e-commerce giant’s three-way “on-demand retail wars” with Meituan and JD.com Key Takeaways: Alibaba…
INTERVIEW: Alibaba brings e-commerce closer to consumers with RedNote partnership
Embedded links in recommendation notes on the popular lifestyle platform will take buyers directly to items for sale in Alibaba’s Tmall and Taobao marketplaces By Doug Young Taobao and…
Qudian: A slow-motion privatization?
The company said it is contemplating winding down its last-mile delivery service after stiff competition caused its revenue to plunge in the first quarter Key Takeaways: Qudian’s revenue fell by…
AI/Infrastructure/Resources 
Investors are tapped for more cash as iMotion’s ambitions take flight
The automotive technology company is planning to issue yet another set of shares to fund its accelerating expansion into robotics and flying cars Key Takeaways: The company hopes to raise…
Tinci Materials eyes Hong Kong listing, hoping investors see past its sagging profits
The lithium battery materials maker aims to use funds from its planned IPO to advance its global expansion, as it grapples with declining profits and weak prices Key Takeaways: Tinci…
With Indian production base taking shape, is BIEL Crystal headed for an IPO?
A strong trading debut for one of its peers in Hong Kong’s strongest IPO market in years could prompt the iPhone glass supplier to revive its previous listing plan Key…
In ‘Warring States Era’ for smart cockpits, Megatronix bets on modular approach
After dropping its largest customer, the smart cockpit maker is trying to prove its superior profitability with a "Modularization + Multi-Domain Integration" strategy Key Takeaways: Megatronix has filed for a…
