Deep Source’s data center foray gets yawn from investors
The commodities trader is moving ahead with construction of a $221 million, 67 MW data center project in Malaysia Key Takeaways: Deep Source is building a 67 MW data center…
0990.HK
Qingling switches gears with leasing deals to boost NEV sales
The loss-making Chinese truck maker is partnering with a finance provider and a dealership to offer vehicle installment plans, but the strategy comes with a catch Key Takeaways: Under…
1122.HK
Fortior navigates choppy geopolitical waters with Dutch chip acquisition
China’s leading maker of brushless DC motor chips has announced a plan to buy Sciosense, a Chinese-Dutch joint venture, for $118 million Key Takeaways: Fortior plans to acquire Sciosense, a…
1304.HK
688279.SHG
AIGC reorganizes China's content industry with humans still at the center
AI generated content is enabling one-person studios and cutting production costs, while human creativity remains at the heart of China’s content industry By CLS Marketwatch AI-generated content (AIGC) technology…
Hansoh’s overseas ambitions tested as EU stalls cancer drug sales
The Chinese firm has lost its regulatory approval to sell a lung cancer drug in Europe over a data-protection error, and must reset the clock on the launch process Key…
Stilted growth: Goodbaby bids adieu to investors with privatization bid
The company has proposed a buyout at a nearly 40% premium to its stock price, after investors abandoned its story of flatlining revenue Key Takeaways: Goodbaby’s founder has proposed taking…
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IPO 
Orbbec motors into rapidly cooling robotics IPO market
Stumbling sentiment towards robotics may force the company to discount its planned Hong Kong share sale to attract investors Key Takeaways: Orbbec has filed for a Hong Kong IPO, reporting…
Kazakhstan taps Hong Kong to fund its new ‘Journey to the West’
KTZ is rumored to be planning a launch for its Hong Kong IPO as early as October, seeking to raise up to $5 billion to build new routes for western-bound…
PCB leader Dynamic Electronics holds the line on prices – to its detriment
The Shanghai-listed company has filed for a Hong Kong IPO, reporting it swung to a loss this year as it failed to fully pass on rising material costs to its…
Who needs humanoids? Direct Drive Tech bets on simpler household robots
The company is aiming to list in Hong Kong, feasting on a Chinese direct drive actuator module market that soared from 200 million yuan in 2023 to 1.9 billion yuan…
New Energy 
Qingling switches gears with leasing deals to boost NEV sales
The loss-making Chinese truck maker is partnering with a finance provider and a dealership to offer vehicle installment plans, but the strategy comes with a catch Key Takeaways: Under…
Its stock slumping, Breton looks for life under mountain of debt
The company’s latest agreement will see it partner with an investment company to sell its mining-use electric dump trucks in three African countries Key Takeaways: Breton has authorized Inhoyi Investments…
China’s empty boardroom in Washington, and its crowded auto market at home
"The Chinese government has always been very slow in forcing substantial changes by way of mergers, acquisitions, or closure of enterprises." — on the historical hesitance of Chinese authorities to…
Consumer 
Qingling switches gears with leasing deals to boost NEV sales
The loss-making Chinese truck maker is partnering with a finance provider and a dealership to offer vehicle installment plans, but the strategy comes with a catch Key Takeaways: Under…
Stilted growth: Goodbaby bids adieu to investors with privatization bid
The company has proposed a buyout at a nearly 40% premium to its stock price, after investors abandoned its story of flatlining revenue Key Takeaways: Goodbaby’s founder has proposed taking…
Uxin drives deeper into the red as used car prices tumble
The company’s gross margin turned negative in the second quarter, as an intensifying price war among new car sellers spilled into used cars Key Takeaways: Uxin’s revenue and transaction volume…
Tuhu Car drives out of China garage with Australian acquisition
The world’s largest independent auto aftermarket services chain will pay nearly $200 million for an Australian peer, as it seeks to diversify beyond its anemic home market Key Takeaways: Tuhu…
E-paper maker rewrites growth story using its chip stockpile
BOOX brand owner Onyx is seeking a Hong Kong listing as it maintains revenue growth by selling stockpiled chips to offset falling sales of its core devices Key Takeaways: Resales…
Healthcare/biotech 
Hansoh’s overseas ambitions tested as EU stalls cancer drug sales
The Chinese firm has lost its regulatory approval to sell a lung cancer drug in Europe over a data-protection error, and must reset the clock on the launch process Key…
Can a novel sleeping pill help Jingxin shed its generic label?
The pharmaceutical firm has gained traction with its first new drug and is seeking funds for further innovation, but its mainstay generics business is under pressure Key Takeaways: Jingxin Pharmaceutical…
Cloudbreak Pharma shares halted amid probe into ‘IPO rigging’
Just 14 months after its market debut, the drug developer is under investigation over regulatory concerns that its IPO demand was artificially inflated Key Takeaways: Cloudbreak’s IPO drew strong retail…
Salubris refiles for Hong Kong IPO as generics lose steam
The producer of cardiovascular drugs is accelerating its shift towards innovative pharmaceuticals, under pressure from price cuts and expiring patents Key Takeaways: Salubris built its early success on generics, but…
Finance 
Its business stabilized, Cango signs first customer for its new AI business
The company’s bitcoin mining business held steady in the second quarter, as its first high-performance computing center was ready to receive customers in July Key Takeaways: Cango completed its overhaul…
Canaan gets doubly squeezed in latest crypto downturn
The cryptocurrency mining machine maker’s revenue plunged and its net loss ballooned in the second quarter as its product sales and mining income both tumbled Key Takeaways: Canaan’s revenue from…
Shein’s U.S. buyout hits a political wall, as China’s fintech lenders face ruin
“There’s been a very definite trend of what I would call re-transferring part of the economy from the private sector to the state sector.” — on Beijing’s regulatory retreat from…
Qfin gets frostbite as fintech winter intensifies
The fintech loan facilitator’s second-quarter profit plunged as a funding squeeze in the wake of two major sector scandals forced it to scale back its business Key Takeaways: Qfin’s net…
Ecommerce 
World Road faces bumpy path to Nasdaq listing
The cross-border logistics company has quadrupled the size of its IPO in response to new rules seeking to stamp out suspicious new Chinese listings, seeking to raise $33 million Key…
Vatai delivers new e-commerce story with focus on cross-border trade
The provider of compliance services for cross-border e-commerce companies has filed to list in Hong Kong, boasting 66% revenue growth in the first half of this year Key Takeaways: Vatai…
JD.com slows its bleeding, but investors want growth
The e-commerce giant has reduced the pain from its entry to food delivery, but weak retail sales and crowded new battlefields show its next growth engine remains elusive Key Takeaways:…
State subsidies and partner panic: What the latest cross-border deals reveal about business in China
From European regulatory scrutiny to sudden licensee changes, multinational deals are facing new tests of trust and transparency Key Takeaways: European regulatory scrutiny over JD.com’s Ceconomy acquisition reflects a new…
AI/Infrastructure/Resources 
Deep Source’s data center foray gets yawn from investors
The commodities trader is moving ahead with construction of a $221 million, 67 MW data center project in Malaysia Key Takeaways: Deep Source is building a 67 MW data center…
Fortior navigates choppy geopolitical waters with Dutch chip acquisition
China’s leading maker of brushless DC motor chips has announced a plan to buy Sciosense, a Chinese-Dutch joint venture, for $118 million Key Takeaways: Fortior plans to acquire Sciosense, a…
Yudo seeks investor warmth with unglamorous temperature control technology
The maker of hot runner systems is gearing up for a Hong Kong IPO, positioning itself as an industry leader that generates stable profits and cashflow Key Takeaways: Yudo has…
Orbbec motors into rapidly cooling robotics IPO market
Stumbling sentiment towards robotics may force the company to discount its planned Hong Kong share sale to attract investors Key Takeaways: Orbbec has filed for a Hong Kong IPO, reporting…
