IPO
Medical imaging group Rimag sets growth focus with IPO
Buoyed by a healthcare boom, the provider of medical imaging services has filed to list on the Hong Kong Stock Exchange. Key Takeaways: Revenues have been rising at Rimag Group,…
Rental giant Cubic City seeks IPO boost as rivalry looms
The chain of rental apartments has filed to list in Hong Kong for a second time, looking to fund a business expansion, and is likely to rank as the sector’s…
Tech unicorn Fourth Paradigm relaunches IPO, riding AI wave
The provider of AI services for businesses is making a fourth attempt at a Hong Kong listing, propelled by the excitement about ChatGPT tools Key Takeaways: Beijing Fourth Paradigm, backed…
Granite miner Hanlong Group faces rocky road to IPO
The miner of black granite has re-filed to list on the Hong Kong Stock Exchange but is bogged down with losses and may struggle to attract investors Key Takeaways: In…
Consumer
Baozun hit by big-ticket buying slowdown
The e-commerce services company said its electronic product sales plunged 67% in the first quarter, while its appliance sales fell 36% Key Takeways: Baozun’s revenue declined 14% in the first…
BZUN.US
9991.HK
Price war rains on Kingsoft Cloud despite improving profitability
The cloud services provider reported a sharp gross margin increase in the first quarter as it jettisoned less-profitable customers Key Takeaways: Kingsoft Cloud reported its first-quarter revenue fell 14.2%, but…
KC.US
3896.HK
Smartphone trade-ups lift ATRenew as spending resumes in China
The recycling specialist’s revenue growth accelerated to 30% in the first quarter, as offline consumer activity rebounded Key Takeaways: ATRenew’s revenue grew 30% in the first quarter, as it reported…
RERE.US
Atour shines on tourism rebound, but ‘revenge travel’ likely to be fleeting
The hotel operator’s revenue per available room (revpar) rose above pre-pandemic levels in the first quarter, but the figure is likely to soften through the rest of the year Key…
ATAT.US
