PODCAST: WeRide's Spin with Uber, and Starbucks' New China CEO
Uber will offer WeRide robotaxi services starting in the UAE. Is this a big deal, or mostly symbolic? And Starbucks names a new China CEO to revive its flagging local operation. Will that be enough to tackle the challenge from low-price companies like Luckin and Cotti?
Kindstar Globalgene finds bargain in solid tumor testing acquisition
The testing services provider’s proposed $31.3 million purchase price for AnchorDx represents a heavy discount to the company’s earlier valuations Key Takeaways: Kindstar Globalgene’s proposed acquisition of AnchorDx would allow…
9960.HK
IPO-bound Anhui Conch Material’s fate cemented to construction industry
The cement admixture producer has bucked recent construction industry weakness, but dependence on an affiliate could be the biggest hurdle on its path to a Hong Kong listing Key Takeaways:…
A new definition for independent directors – Part 1
A lead independent director will work with other independent directors to supervise the board and ensure it lives up to the company’s long-term goals and shareholder expectations By Ricky…
Nissin Foods looks ‘Down Under’ to escape China pressure cooker
The instant noodle maker said it will buy an Australian frozen dumpling maker for $23.3 million, as it looks to diversify beyond its China base Key Takeaways: Nissin Food is…
1475.HK
ShanH Technology dials up lackluster numbers in new IPO bid
The smartphone recycler backed by Xiaomi chief Lei Jun is making a second attempt to list in Hong Kong after its first try in February failed Key Takeaways: ShanH has…
FAST NEWS
Discover hidden China stock gems in our weekly newsletter
IPO 
IPO-bound Anhui Conch Material’s fate cemented to construction industry
The cement admixture producer has bucked recent construction industry weakness, but dependence on an affiliate could be the biggest hurdle on its path to a Hong Kong listing Key Takeaways:…
ShanH Technology dials up lackluster numbers in new IPO bid
The smartphone recycler backed by Xiaomi chief Lei Jun is making a second attempt to list in Hong Kong after its first try in February failed Key Takeaways: ShanH has…
WeRide drives into Uber partnership, as U.S. listing plan idles
The robotaxi operator will offer its service to Uber users starting in the UAE, though the pair don’t plan to work together in the U.S. or China for now Key…
Investors charge up XCHG stock in scaled-back IPO
The maker of EV charging stations is relying on Europe for growth, while also setting up a manufacturing base in Texas to tap the U.S. market Key Takeaways: Shares of…
New Energy 
PODCAST: WeRide’s Spin with Uber, and Starbucks’ New China CEO
Uber will offer WeRide robotaxi services starting in the UAE. Is this a big deal, or mostly symbolic? And Starbucks names a new China CEO to revive its flagging local operation. Will that be enough to tackle the challenge from low-price companies like Luckin and Cotti?
WeRide drives into Uber partnership, as U.S. listing plan idles
The robotaxi operator will offer its service to Uber users starting in the UAE, though the pair don’t plan to work together in the U.S. or China for now Key…
Investors charge up XCHG stock in scaled-back IPO
The maker of EV charging stations is relying on Europe for growth, while also setting up a manufacturing base in Texas to tap the U.S. market Key Takeaways: Shares of…
Consumer 
PODCAST: WeRide’s Spin with Uber, and Starbucks’ New China CEO
Uber will offer WeRide robotaxi services starting in the UAE. Is this a big deal, or mostly symbolic? And Starbucks names a new China CEO to revive its flagging local operation. Will that be enough to tackle the challenge from low-price companies like Luckin and Cotti?
Nissin Foods looks ‘Down Under’ to escape China pressure cooker
The instant noodle maker said it will buy an Australian frozen dumpling maker for $23.3 million, as it looks to diversify beyond its China base Key Takeaways: Nissin Food is…
ShanH Technology dials up lackluster numbers in new IPO bid
The smartphone recycler backed by Xiaomi chief Lei Jun is making a second attempt to list in Hong Kong after its first try in February failed Key Takeaways: ShanH has…
Far from fast: Shein’s overseas odyssey hits fresh obstacles
The fashion retailer’s IPO ambitions are facing political pushback in Britain, while the proposed closure of a U.S. tax loophole could hurt the company’s commercial fortunes Key Takeaways: A politician…
Chinese securities regulator puts lid on Hong Kong IPO tea party
The CSRC has temporarily stopped approving new Hong Kong listings by bubble tea makers, affecting pending applications by Mixue and Guming, according to a Reuters report Key Takeaways: China’s securities…
Healthcare/biotech 
Kindstar Globalgene finds bargain in solid tumor testing acquisition
The testing services provider’s proposed $31.3 million purchase price for AnchorDx represents a heavy discount to the company’s earlier valuations Key Takeaways: Kindstar Globalgene’s proposed acquisition of AnchorDx would allow…
Facing revenue crisis, Ascletis Pharma tries to bulk up with obesity drugs
The drug maker failed to generate any revenue in the first half of 2024 even with three major commercialized products in hand Key Takeaways: Ascletis Pharma has shifted to weight…
HealthyWay seeks Hong Kong IPO to staunch flow of red ink
The digital healthcare services platform counts Baidu as a major customer, as well as other firms from the pharmaceutical, information technology and insurance sectors Key Takeaways: Digital healthcare services platform…
CSPC Pharma taps R&D superstar in quest for new breakout drugs
Liu Yongjun’s drug commercialization experience and ties to multinational firms are urgently needed for his new employer’s ongoing transformation Key Takeaways: CSPC Pharma’s new R&D head Liu Yongjun engineered the…
Finance 
Yuanbao drives business with technology-driven insurance services in tough market
The online insurance distributor has filed for a Nasdaq IPO, reporting rapid revenue growth despite economic challenges in China Key Takeaways: Yuanbao has filed for an IPO in New York,…
PODCAST: PwC Takes China Hit, and EV Battery Firm Finds New Life in India
PwC has received a record fine in China for lapses in its audits of failed developer Evergrande. Is this the end of the road for PwC in China? And EV battery system maker Octillion finds new life in India after its biggest China customer hits the skids. Is this the road to the future for Chinese EV component makers?
Hong Kong typhoon trading halts sail into the sunset
A new rule ending the city’s longtime practice of stock market closures during typhoons will take effect next week, but not in time to prevent one final disruption earlier this…
PwC looks for way forward in increasingly difficult China terrain
The Big Four accounting firm was hit with a record fine for its auditing work of Evergrande, whose failure cost investors billions of dollars Key Takeaways: China levied a record…
Ecommerce 
Far from fast: Shein’s overseas odyssey hits fresh obstacles
The fashion retailer’s IPO ambitions are facing political pushback in Britain, while the proposed closure of a U.S. tax loophole could hurt the company’s commercial fortunes Key Takeaways: A politician…
BingEx delivers profitable IPO option for U.S. investors
The intracity courier’s $100 million listing could be the largest by a Chinese company in New York since Zeekr listed in May Key Takeaways: With $388 million in mezzanine financing…
GigaCloud’s business shines, but investors still rain on its parade
The B2B e-commerce company unveiled a $46 million share repurchase program in its latest move to revive its flagging share price Key Takeaways: GigaCloud’s revenue doubled in the second quarter…
JD.com eyes tricky consumer finance business with pending acquisition
The e-commerce giant is reportedly close to buying Home Credit, but owing such a consumer finance company could create some headaches in the current business climate Key Takeaways: JD.com is…
Infrastructure/Resources 
IPO-bound Anhui Conch Material’s fate cemented to construction industry
The cement admixture producer has bucked recent construction industry weakness, but dependence on an affiliate could be the biggest hurdle on its path to a Hong Kong listing Key Takeaways:…
BingEx delivers profitable IPO option for U.S. investors
The intracity courier’s $100 million listing could be the largest by a Chinese company in New York since Zeekr listed in May Key Takeaways: With $388 million in mezzanine financing…
AsiaInfo reboots with founder’s return, big investor’s departure
The telecoms software company and its A-share listed affiliate will merge into a single company with close to 10 billion yuan in revenue Key Takeaways: Early internet entrepreneur Edward Tian…
PODCAST: China’s Homegrown Jet Advances, and a Growing Market for Adult Diapers
Commercial plane maker Comac has delivered its first C919 jets to China Southern and Air China. When will foreign airlines start to consider buying these challengers to Boeing and Airbus? And sanitary products maker Hengan sees a big future in adult disposable diapers as China's population ages. But will consumers really consider such a product?
