HBM notches up another mega deal but is the model sustainable?
The biotech has agreed to sell rights to one of its cancer drugs under development for up to $670 million, adding more fuel to its share price rebound this year…
2142.HK
China Renaissance banks on cryptocurrencies to revive its fortunes
The investment bank plans to spend $100 million on digital assets as it struggles to boost its business in a weak Chinese economy Key Takeaways: China Renaissance plans to invest…
1911.HK
China plays catch-up to U.S. in stablecoin rivalry
As the U.S. moves swiftly to set the rules for on-chain finance, an increasingly anxious China is seeking entry to the virtual currency world via Hong Kong By Lee…
Vitasoy’s soaring stock: A potent investor beverage or a takeover target?
The iconic Hong Kong drink maker’s shares have risen sharply since last September on takeover speculation, as it continues to post solid financial results Key Takeaways: Vitasoy's revenue rose 1%…
0345.HK
Chaoju Eye Care preparing to re-enter acquisition mode?
The private hospital and clinic operator announced two new purchases, signaling a potential return to acquisitions after a quiet period last year Key Takeaways: Chaoju Eye Care announced plans to…
2219.HK
VIDEO BRIEF: Toys for grown-ups, inside China’s $15 billion collectible toy boom
Last year alone, collectors worldwide spent nearly 2 billion US dollars on blind boxes from Chinese collectible toy sensation POP MART. That fueled a sales explosion that lit a fire…
9992.HK
0325.HK
FAST NEWS
Discover hidden China stock gems in our weekly newsletter
IPO 
Honor IPO advances, as new chief talks up its AI credentials
The former Huawei unit that became an independent smartphone brand in 2020 has taken an important step towards an IPO on China’s A-share market that could come next year Key…
GigaDevice eyes Hong Kong IPO as internal and external challenges bite
The Shanghai-listed chip designer is applying for a second listing in Hong Kong, following a recent trend for Chinese companies to make such dual listings Key Takeaways: GigaDevice has filed…
Yusys banking ties look like put-off as it seeks a second listing in Hong Kong
The Baidu-backed provider of technology services for banks reported falling revenue last year, reflecting a challenging environment for its customers Key Takeaways: Shenzhen-listed Yusys has filed for a Hong Kong…
Fragmented shareholding positions Allystar for turbulence
The satellite positioning chip designer previously planned to float shares on China’s domestic A-share market, but has shifted its sights to Hong Kong with its new listing application Key Takeaways:…
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…
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…
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?
Consumer 
Vitasoy’s soaring stock: A potent investor beverage or a takeover target?
The iconic Hong Kong drink maker’s shares have risen sharply since last September on takeover speculation, as it continues to post solid financial results Key Takeaways: Vitasoy's revenue rose 1%…
VIDEO BRIEF: Toys for grown-ups, inside China’s $15 billion collectible toy boom
Last year alone, collectors worldwide spent nearly 2 billion US dollars on blind boxes from Chinese collectible toy sensation POP MART. That fueled a sales explosion that lit a fire…
Honor IPO advances, as new chief talks up its AI credentials
The former Huawei unit that became an independent smartphone brand in 2020 has taken an important step towards an IPO on China’s A-share market that could come next year Key…
Chow Tai Fook rediscovers gold in convertible bonds
The fundraising, even as the Hong Kong jeweler has sufficient financial resources to run its current operation, could hint at plans for its next growth phase Key Takeaways: Chow Tai…
Nameson’s profit dives on diversification spending, overreliance on single customer
The apparel maker’s revenue began to contract in the second half of its latest fiscal year, as business from its largest customer fell 11% Key Takeaways: Nameson’s profit tumbled 40%…
Healthcare/biotech 
HBM notches up another mega deal but is the model sustainable?
The biotech has agreed to sell rights to one of its cancer drugs under development for up to $670 million, adding more fuel to its share price rebound this year…
Chaoju Eye Care preparing to re-enter acquisition mode?
The private hospital and clinic operator announced two new purchases, signaling a potential return to acquisitions after a quiet period last year Key Takeaways: Chaoju Eye Care announced plans to…
Medtide launches IPO to bulk up its weight-loss business
The pharmaceutical services firm wants to expand production of peptides used in anti-obesity drugs, but it faces fierce competition and other business risks Key Takeaways: The global market for developing…
So-Young rethinks reverse share split as its stock surges
The cosmetic surgery specialist’s shares have nearly doubled in the last two weeks as investors flock to its new business model centered on self-operated clinics Key Takeaways: So-Young has delayed…
Finance 
China Renaissance banks on cryptocurrencies to revive its fortunes
The investment bank plans to spend $100 million on digital assets as it struggles to boost its business in a weak Chinese economy Key Takeaways: China Renaissance plans to invest…
Yusys banking ties look like put-off as it seeks a second listing in Hong Kong
The Baidu-backed provider of technology services for banks reported falling revenue last year, reflecting a challenging environment for its customers Key Takeaways: Shenzhen-listed Yusys has filed for a Hong Kong…
Macao’s end of an era, and a ghost ship in search of a business
An era has ended in Macao with the planned closure of the city's remaining "satellite casinos" by the end of the year. Does this represent the latest step in the corporatization of Macao? And former financier-turned-educator-turned -food seller Qudian has announced it's pulling out of its latest foray into last-mile delivery. What value for investors is there in this kind of ever-changing company?
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…
Ecommerce 
Alibaba turns up its ‘instant retail’ game
The merger of its Ele.me service with its core e-commerce business marks a new stage in the e-commerce giant’s three-way “on-demand retail wars” with Meituan and JD.com Key Takeaways: Alibaba…
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…
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…
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…
AI/Infrastructure/Resources 
GigaDevice eyes Hong Kong IPO as internal and external challenges bite
The Shanghai-listed chip designer is applying for a second listing in Hong Kong, following a recent trend for Chinese companies to make such dual listings Key Takeaways: GigaDevice has filed…
PPIO eyes next AI frontier with plans to boost computing power
The provider of cloud services wants to upgrade its systems as AI moves into the mainstream, demanding greater processing capacity and speed Key Takeaways: The loss-making company has filed for…
Weichai Lovol planted at forefront of new Chinese agricultural revolution
China’s leading maker of agricultural equipment has filed for a Hong Kong listing, forecasting the market for its products is set for explosive growth Key Takeaways: Weichai Lovol has filed…
Fragmented shareholding positions Allystar for turbulence
The satellite positioning chip designer previously planned to float shares on China’s domestic A-share market, but has shifted its sights to Hong Kong with its new listing application Key Takeaways:…
