A strong quarter doesn't make Yeahka a bargain
The payment technology company posted impressive third-quarter results, yet its lofty valuation is limiting near-term upside for its stock Key Takeaways: Yeahka’s gross payment value surged 50% in the third…
9923.HK
Muyuan eyes global pig pen with Hong Kong IPO
The world’s largest pork producer could raise up to $1 billion in a blockbuster listing that would be one of the largest by a consumer company this year Key Takeaways:…
Mens clothier HLA seeks to cast off stagnation with overseas expansion
The dominant menswear maker has filed for a Hong Kong listing, seeking funds to expand overseas as its growth at home slows and even contracts Key Takeaways: HLA has filed…
Atour celebrates ‘Year of the Pillow’ with fluffy revenue growth
The hotel operator expects to report 35% revenue growth for all of 2025, up from a 25% forecast at the start of the year, thanks to strong performance for its…
ATAT.US
ATRenew gears up to take its recycling act global
The company said it has begun exporting Chinese devices, and plans to build up that part of its business over the next two to three years Key Takeaways: ATRenew’s revenue…
RERE.US
Neglected Burning Rock charms investors with high margins, narrowing losses
The cancer diagnostics company’s revenue rose slightly in the third quarter, as its gross margin rose by nearly 4 percentage points Key Takeaways: Burning Rock’s revenue rose 2.3% in the…
BNR.US
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IPO 
Muyuan eyes global pig pen with Hong Kong IPO
The world’s largest pork producer could raise up to $1 billion in a blockbuster listing that would be one of the largest by a consumer company this year Key Takeaways:…
Mens clothier HLA seeks to cast off stagnation with overseas expansion
The dominant menswear maker has filed for a Hong Kong listing, seeking funds to expand overseas as its growth at home slows and even contracts Key Takeaways: HLA has filed…
Dongshan Precision offers investors an acquisitive, but debt heavy, tech component play
After moving from its original sheet metal processing business into PCBs through acquisitions, the company has filed for a Hong Kong IPO to complement its existing Shenzhen listing Key Takeaways:…
Five millennials’ robotic dream heads for capital market with CRP listing bid
Industrial robot specialist CRP Robot Technology is the latest from its class rushing to make a Hong Kong IPO, hoping to seize on a recent craze for robotic stocks Key…
New Energy 
From green energy to property woes, China turns to financial engineering
Solar and wind farm builder Xinte announces plans to start collateralizing its assets using asset backed securities. And China International Travel is spinning off its real estate business.
Xinte to spread clean power building burden using asset backed securities
The polysilicon producer and green power farm operator plans to issue ABS backed by two of its wind power projects, which will be traded on the Shanghai Stock Exchange Key…
Nasdaq gets tough on small Chinese IPOs, as an AI-fueled energy storage boom takes off
For a market that basically prides itself on protecting investors… I have to say I'm amazed that it has taken so long.
Consumer 
Muyuan eyes global pig pen with Hong Kong IPO
The world’s largest pork producer could raise up to $1 billion in a blockbuster listing that would be one of the largest by a consumer company this year Key Takeaways:…
ATRenew gears up to take its recycling act global
The company said it has begun exporting Chinese devices, and plans to build up that part of its business over the next two to three years Key Takeaways: ATRenew’s revenue…
Mens clothier HLA seeks to cast off stagnation with overseas expansion
The dominant menswear maker has filed for a Hong Kong listing, seeking funds to expand overseas as its growth at home slows and even contracts Key Takeaways: HLA has filed…
Yum China turns to new concepts, diversified markets in accelerated growth roadmap
The operator of KFC and Pizza Hut restaurants in China aims to operate 30,000 stores by 2030, up more than 70% from current levels, it said at its recent investor…
Luckin Coffee eyes global leap as China’s Double 11 loses its luster
Luckin could be preparing a bid for Costa Coffee. What's driving this potential deal, and what are its chances for success? And this year's Double 11 festival looks like a dud, with most big e-commerce companies failing to publish any big numbers. What does the future hold for this fast-fading shopping fest?
Healthcare/biotech 
Neglected Burning Rock charms investors with high margins, narrowing losses
The cancer diagnostics company’s revenue rose slightly in the third quarter, as its gross margin rose by nearly 4 percentage points Key Takeaways: Burning Rock’s revenue rose 2.3% in the…
CSPC feels the pain from sweeping cuts in drug prices
The pharmaceutical giant is paying the price for its aggressively low bids in China’s centralized drug tenders, as it shifts its focus from traditional to novel drugs Key Takeaway: The…
Genuine Biotech takes third shot at IPO as financial pressures mount
Demand for the company’s core product has long since faded, and sales for the product took an additional hit after the termination of a distribution partnership with Fosun Pharma Key…
China’s corporate pivots: Alibaba’s food delivery gambit and WuXi AppTec’s geopolitical hedge
Alibaba will retire the Ele.me takeout dining brand and merge it with its newer Taobao Instant Commerce. What's driving the move? And WuXi AppTec is the latest Chinese major to jump on the Middle Eastern bandwagon, with plans to potentially open a new center in Saudi Arabia. Why are a growing number of Chinese companies taking the Middle Eastern plunge?
Finance 
A strong quarter doesn’t make Yeahka a bargain
The payment technology company posted impressive third-quarter results, yet its lofty valuation is limiting near-term upside for its stock Key Takeaways: Yeahka’s gross payment value surged 50% in the third…
Qfin goes from fintech stud to dud as new regulations kick in
The online loan facilitator posted weak third-quarter results and was downbeat on the final three months of the year, contrasting with a strong finish to 2024 Key Takeaways: Qfin’s revenue…
U.S. listings by Chinese firms face mounting challenges on both sides of Pacific
While new Nasdaq rules threaten to derail many smaller U.S. listings by Chinese companies, China’s securities regulator is also stepping up its scrutiny of such listings Key Takeaways: China’s securities…
Citic Securities in equity sweet spot as investors flock to Chinese stocks
China’s largest brokerage reported big jumps in its revenue and profit during the third quarter amid a bull run in Chinese stocks and a wave of Hong Kong IPOs Key…
Ecommerce 
Atour celebrates ‘Year of the Pillow’ with fluffy revenue growth
The hotel operator expects to report 35% revenue growth for all of 2025, up from a 25% forecast at the start of the year, thanks to strong performance for its…
Luckin Coffee eyes global leap as China’s Double 11 loses its luster
Luckin could be preparing a bid for Costa Coffee. What's driving this potential deal, and what are its chances for success? And this year's Double 11 festival looks like a dud, with most big e-commerce companies failing to publish any big numbers. What does the future hold for this fast-fading shopping fest?
Can So-Young find new youth in bricks and mortar?
The cosmetic surgery specialist’s top line is growing as it opens new ‘light medical aesthetic’ clinics, but its bottom line is sagging as its older platform business evaporates Key Takeaways:…
With so many new IPOs, Quantgroup looks better left for high-risk investors
The operator of the Yangxiaomie lifestyle platform has filed to list in Hong Kong – its seventh such attempt – hoping it can succeed in the current hot market Key…
AI/Infrastructure/Resources 
A strong quarter doesn’t make Yeahka a bargain
The payment technology company posted impressive third-quarter results, yet its lofty valuation is limiting near-term upside for its stock Key Takeaways: Yeahka’s gross payment value surged 50% in the third…
Robotaxi rollout drives faster earnings pace at WeRide
The driverless technology company is enjoying a payoff from expanding its global taxi fleet, with quarterly revenues surging and losses continuing to shrink Key Takeaways: Third-quarter revenue more than doubled,…
GDS bets on new AI cycle while balancing expansion, deleveraging
The data center operator has begun listing its real estate assets to pay down debt as it races to capitalize on growing demand for AI computing Key Takeaways: Data center…
Dongshan Precision offers investors an acquisitive, but debt heavy, tech component play
After moving from its original sheet metal processing business into PCBs through acquisitions, the company has filed for a Hong Kong IPO to complement its existing Shenzhen listing Key Takeaways:…
