As binge-buying big spenders vanish, CDF pivots for survival
The duty-free group’s revenue sagged in the first three quarters, but its profit still rose on improved efficiencies Key takeaways: CDF reported shrinking cash flows and mounting inventories this year,…
AI boom gives ASMPT reason to keep its circuit board unit
After attracting potential buyers, the chip equipment maker has decided to keep its circuit-board equipment business, which is staging a comeback on AI demand Key Takeaways: ASMPT has decided to…
0522.HK
Evergrande property management arm gets new life as strongman takes charge
PAG will acquire 51% of Evergrande Property Services, and is preparing a mandatory general offer to purchase the rest of the company’s shares Key Takeaways: Liquidators of Evergrande’s property management…
6666.HK
SinoHytec shifts to hydrogen power storage. But is it too little too late?
The maker of hydrogen fuel cell systems will redeploy 300 million yuan of its IPO proceeds to repay bank loans and for general working capital Key Takeaways: SinoHytec will redeploy…
688339.SHG
Karrie International’s booming profit undermined by AI selloff
The maker of server casings and racks said its profit doubled in the first half of its current fiscal year, but its stock dropped anyway Key Takeaways: Karrie International’s profit…
1050.HK
AI is powering orders, but can it recharge Wasion’s stock?
The provider of energy systems for data centers and utilities is expanding overseas and winning grid orders at home, although shareholders are seeing limited benefit Key Takeaways: Wasion has won…
FAST NEWS
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IPO 
Singapore marine services provider seeks Hong Kong share float
Pinnacle Marine is sailing into a cooling IPO market as rising administrative and selling expenses weigh on its profits Key Takeaways: Pinnacle Marine has filed for a Hong Kong listing,…
Infinigence takes its AI chip-translator pitch to Hong Kong investors
With ties to Tsinghua University, the AI infrastructure specialist has won backing from prominent tech and venture investors as it reportedly prepares for an IPO Key Takeaways: Infinigence has reportedly…
Gaw Capital builds new foundation on private real estate debt
The property investment specialist plans to list Hong Kong’s first real estate private debt fund, in a major financial milestone for the city Key Takeaways: Gaw Capital will set up…
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…
New Energy 
SinoHytec shifts to hydrogen power storage. But is it too little too late?
The maker of hydrogen fuel cell systems will redeploy 300 million yuan of its IPO proceeds to repay bank loans and for general working capital Key Takeaways: SinoHytec will redeploy…
Dajin Heavy Industry runs low on wind five months after IPO
The wind power equipment maker’s shares are down more than 60% since their June listing in Hong Kong, as the company reported its profit deteriorated in the third quarter Key…
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…
Consumer 
AI boom gives ASMPT reason to keep its circuit board unit
After attracting potential buyers, the chip equipment maker has decided to keep its circuit-board equipment business, which is staging a comeback on AI demand Key Takeaways: ASMPT has decided to…
As binge-buying big spenders vanish, CDF pivots for survival
The duty-free group’s revenue sagged in the first three quarters, but its profit still rose on improved efficiencies Key takeaways: CDF reported shrinking cash flows and mounting inventories this year,…
New Gonow’s soaring stock and tanking profit: Shareholder concentration at play?
The recreational vehicle maker’s stock plunged after the securities regulator issued a high shareholder concentration warning, reversing a massive run-up over the last six months Key Takeaways: Over 90% of…
Haitian finds bitter taste in China’s restaurant slowdown
The country’s leading soy sauce maker’s revenue flattened in the third quarter, as sales for its core product contracted year-on-year Key Takeaways: Haitian reported its revenue was flat in the…
Starbucks clears its China tables, as the robotics bubble quietly deflates
"There’s no way they can compete with Luckin Coffee and a cup of coffee at 9 yuan, They’ve got to go for the premium experience" – on Starbucks' decision to…
Healthcare/biotech 
Founder steps down as MicroPort launches governance review
The medical device maker has announced leadership changes as it struggles to shake off a controversy over hefty rents paid to a firm linked to its founder’s family Key Takeaways:…
CStone’s CS2009 trispecific antibody reinforces three clinical validations at ESMO
With data from over 300 patients across multiple tumor types and Phase 3 trials coming soon, the evidence supports CS2009’s mechanism, safety and antitumor efficacy Key Takeaways: CS2009 delivered strong…
Akeso’s overseas drug promise fails to slow share decline
The Chinese drugmaker has been under pressure on equity markets since revealing plans for a share placement, overriding positive news for its key cancer therapy Key takeaways: Akeso’s shares have…
AcroBiosystems leans on overseas sales in renewed Hong Kong listing bid
The company leads the field for recombinant proteins among its domestic peers, but overseas companies dominate the international market Key Takeaways: AcroBiosystems has applied to list in Hong Kong, reporting…
Finance 
Chinese fintechs look abroad as Nasdaq tightens the screws on penny stocks
"It's pretty much game over in terms of major business opportunity in that sector in China for anybody who would want to come in now." – On how domestic regulatory…
ZhongAn’s growth engine keeps running in a bumpy economy
The digital insurer’s third-quarter revenue grew far faster than the overall industry as its flagship low-cost policies continue to attract demand Key Takeaways: ZhongAn’s insurance business income grew about 10%…
Macao ‘guides’ gaming companies to pony up half of new $2.5 billion fund
The city’s new ‘Guidance Fund’ aims to reduce its reliance on gambling and diversify its economy Key Takeaways: The Macao government has launched a new 20 billion pataca ‘Guidance Fund’…
Ping An’s operating profit climbs 8.3% in first nine months despite market volatility
Ping An’s H-shares rose 2.6% after it reported core earnings growth, as its financial services and growing health and senior-care businesses lay a foundation for longer-term growth Key Takeaways: Ping…
Ecommerce 
YesAsia shines in intermediary role for Asian fashion and beauty brands going global
The Hong Kong-based beauty e-commerce site that began by serving the Chinese diaspora has become one of the world’s top online sellers of Korean cosmetics and fashion Key Takeaways: YesAsia’s…
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:…
AI/Infrastructure/Resources 
Karrie International’s booming profit undermined by AI selloff
The maker of server casings and racks said its profit doubled in the first half of its current fiscal year, but its stock dropped anyway Key Takeaways: Karrie International’s profit…
AI is powering orders, but can it recharge Wasion’s stock?
The provider of energy systems for data centers and utilities is expanding overseas and winning grid orders at home, although shareholders are seeing limited benefit Key Takeaways: Wasion has won…
Lingyi pitched AI to Hong Kong. But the iPhone Duo may be powering its rebound
The Apple supplier credits new products for its quarterly profit recovery as it expands into server cooling, power hardware and robot assembly Key Takeaways: Lingyi's third-quarter profit rose 14%, which…
CIG redirects $225 million of IPO funds to massive optical business buildup
The company is pouring roughly HK$5 billion in fresh funds into its optical transceiver unit whose sales are soaring on the global AI infrastructure buildup Key Takeaways: CIG will redirect…
