IPO
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…
Planet Image seeks to impress investors with its ‘white label’ printer cartridges
The world’s leading maker of ink cartridges for use in big-name printer brands could raise up to $24 million in a New York listing, valuing the company at nearly $300…
Consumer
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
JD’s boardroom shuffle ignites talk of founder’s return
The executive who replaced JD.com founder Richard Liu as CEO only a year ago is unexpectedly stepping down, handing the reins to the firm’s CFO. The management shake-up at the…
JD.US
9618.HK
