Unisound launches modest IPO into crowded Hong Kong market
The AI services provider is aiming to raise a relatively modest $40 million, or just over 2% of its share capital, as it rapidly burns through its cash Key Takeaways:…
9678.HK
ENN bids to reshape its gas business with listing switch-up
ENN Natural Gas, part of China’s ENN energy group, is looking to buy out a listed subsidiary and take the firm’s place on the Hong Kong stock market Key Takeaways:…
2688.HK
600803.SHG
Alsco delivers new application on rocky road to a Hong Kong IPO
Slowing growth, a shaky valuation and high receivables could cloud the latest listing attempt by China’s top provider of reusable packaging materials for the auto sector Key Takeaways: Alsco has…
Alphamab stake sale could signal harder times ahead
The founder of the cancer drug developer has cashed out part of his holdings after the stock hit a price peak, raising questions about the firm’s earnings outlook Key Takeaways:…
9966.HK
Tencent Music scales audio heights with Ximalaya purchase
While short videos are all the rage lately, Tencent Music’s latest acquisition bolsters its position in the strategically important market for long-form audio content Key Takeaways: Tencent Music will pay…
1698.HK
TME.US
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…
9988.HK
BABA.US
FAST NEWS
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IPO 
Unisound launches modest IPO into crowded Hong Kong market
The AI services provider is aiming to raise a relatively modest $40 million, or just over 2% of its share capital, as it rapidly burns through its cash Key Takeaways:…
9678.HK
Banu ladles up new hotpot choice for Hong Kong investors
The restaurant chain’s IPO application reveals a complex mix of market trends in the first quarter, including a big rise in customer numbers but lower spending per customer Key Takeaways:…
Switchbot taps market frenzy for robotic stocks
The maker of smart home-use robots has filed for a Hong Kong IPO, boasting a key elder of China’s high-tech gadget world as a major shareholder and non-executive director Key…
High gold prices may take the shine off Hipine as it seeks Hong Kong IPO
The maker of gold watches is grappling with high production costs and weak sales growth following a big jump in prices of the precious metal Key Takeaways: Hipine has filed…
New Energy 
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…
9866.HK
NIO.US
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…
2498.HK
Zeekr’s buyout stalls, and Chagee’s returns cool
A group of early investors in NEV maker Zeekr have protested a recent privatization bid for the company, saying it's too low. Will the buyer heed their complaints and raise its offer? And Chagee's maiden quarterly results show its revenue grew at just half the rate of its new store openings. What's behind the evaporting returns?
ZK.US
CHA.US
AUDIO/VIDEO
Labubu fever, and a skincare brawl
9992.HK
2367.HK
Consumer 
Fosun jewelry unit mines gold from new investors even as its profit shrinks
A Bank of China unit agreed to pump 400 million yuan into Shanghai Yuyuan Jewelry Fashion Group, becoming one of the company’s latest new investors Key Takeaways: Bank of China…
0656.HK
600655.SHG
Labubu fever, and a skincare brawl
An early edition toy based on the red-hot Labubu character has fetched a record $150,000 in a recent auction. What's driving the craze, and is it sustainable? And a high-profile tussle between two leading skincare brands has left one of them bruised, with its stock down 30%. How can investors steer clear of this kind of damage?
9992.HK
2367.HK
Banu ladles up new hotpot choice for Hong Kong investors
The restaurant chain’s IPO application reveals a complex mix of market trends in the first quarter, including a big rise in customer numbers but lower spending per customer Key Takeaways:…
Checking out or checking in? Jin Jiang can’t decide
Three years after privatizing its Hong Kong-listed shares, storied hotelier Jin Jiang has rolled out plans to re-list on the city’s stock exchange Key Takeaways: Jin Jiang has applied to…
600754.SHG
‘Satellite casino’ era winds down in transforming Macao
The phasing out of smaller casinos operated by licensed gaming firms in non-gaming properties could help to boost gaming company margins Key Takeaways: All 11 of Macao’s “satellite casinos” will…
0200.HK
0027.HK
0880.HK
Healthcare/biotech 
Alphamab stake sale could signal harder times ahead
The founder of the cancer drug developer has cashed out part of his holdings after the stock hit a price peak, raising questions about the firm’s earnings outlook Key Takeaways:…
9966.HK
CSPC Pharma teases big bucks deals after earnings miss
The Chinese drug giant revealed it was in talks with three parties to license its products for up to $5 billion in potential fees, a day after it delivered lackluster…
1093.HK
Its revenue falling, Dazhong Dental looks to M&A to brighten its outlook
The company has filed to list in Hong Kong, aiming to jumpstart its falling revenue and profits by buying up rivals in China’s fragmented dental services market Key Takeaways: Dazhong…
Sinotau aims to become Hong Kong’s ‘first nuclear-medicine stock’
The company is China’s first to obtain approval for its innovative radiopharmaceuticals Key Takeaways: Sinotau has filed to list in Hong Kong, offering up two commercialized products and a net…
Finance 
Cango’s ownership, board take shape as bitcoin mining transformation nears completion
The company will be controlled by two asset managers tied to Singapore’s Antalpha Ventures, while Cango’s co-founders’ voting rights will drop to 12.07% Key Takeaways: Enduring Wealth, a company tied…
CANG.US
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…
QD.US
Yeahka secures bridgehead in U.S. payments market
The Chinese fintech has cleared one of many regulatory hurdles to enter the U.S. digital payments business after gaining a state-level operating license Key Takeaways: After getting U.S. federal clearance,…
9923.HK
UP Fintech gets lift from tariff-induced market volatility
The online stockbroker’s revenue and net profit grew substantially in the first quarter as its trading volume surged on volatility in global stock markets Key Takeaways: UP Fintech’s revenue jumped…
TIGR.US
Ecommerce 
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…
9988.HK
BABA.US
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…
QD.US
Meitu, Alibaba find beauty in new e-commerce partnership
The maker of beauty apps will sell $250 million worth of convertible bonds that could make the e-commerce giant its third-biggest shareholder Key Takeaways: Meitu and Alibaba have formed a…
1357.HK
Polibeli targets SPAC listing using Chenghe Acquisition II Co., with Asia in its sights
Chenghe Acquisition II Co. shareholders will vote later this month on a merger with the Asia-focused B2B e-commerce company Polibeli Key Takeaways: Chenghe Acquisition II Co. hopes to soon complete…
CHEB.US
AI/Infrastructure/Resources 
Unisound launches modest IPO into crowded Hong Kong market
The AI services provider is aiming to raise a relatively modest $40 million, or just over 2% of its share capital, as it rapidly burns through its cash Key Takeaways:…
9678.HK
ENN bids to reshape its gas business with listing switch-up
ENN Natural Gas, part of China’s ENN energy group, is looking to buy out a listed subsidiary and take the firm’s place on the Hong Kong stock market Key Takeaways:…
2688.HK
600803.SHG
Alsco delivers new application on rocky road to a Hong Kong IPO
Slowing growth, a shaky valuation and high receivables could cloud the latest listing attempt by China’s top provider of reusable packaging materials for the auto sector Key Takeaways: Alsco has…
Switchbot taps market frenzy for robotic stocks
The maker of smart home-use robots has filed for a Hong Kong IPO, boasting a key elder of China’s high-tech gadget world as a major shareholder and non-executive director Key…