AiHuiShou’s Q2 Revenue Rises 56%, Fueled by Growing Electronics Recycling Network
Company releases first ESG report alongside its maiden earnings, aiming to spotlight its role in achieving China’s carbon-reduction goals Key points: AiHuiShou posts 56% revenue growth in its latest reporting…
ATRenew capitalizes on government incentives to achieve solid growth in its core business
The recycling specialist’s revenue rose 27.5% in the first quarter, representing its fastest growth in more than a year Key Takeaways: ATRenew reported its fastest quarterly revenue growth in more…
BRIEF: EHang revenue plunges in first quarter, explores second listing
EHang Holdings Ltd. (EH.US) on Monday reported its revenue plunged in the first quarter, as it sold just 11 of its autonomous aerial vehicles it is trying to commercialize after…
Russia’s Chinese car indigestion, and the fall of a Chinese chip magnate
After zooming over the last few years, China's car exports to Russia skidded by 44% in the first quarter. What put on the brakes? And former microchip superstar Zhao Guowei has been sentenced to death for waste and corruption. What led to his downfall?
BRIEF: PegBio slumps in Hong Kong trading debut
Shares of biopharmaceutical company PegBio Co. Ltd. (2565.HK) slumped in their Hong Kong trading debut on Tuesday. The stock opened at HK$13, down 6.67% from its IPO price of HK$15.60,…
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…
BRIEF: Jihong surges in Hong Kong trading debut
Shares of cross-border social e-commerce and paper packaging company Xiamen Jihong Co. Ltd. (2603.HK, 002803.SZ) soared in their Hong Kong trading debut on Tuesday, opening 43% higher and continuing to rise…
Shoucheng sheds ‘old economy’ label with robotic pivot
The company, whose businesses over the years have included everything from steel to fund management, is trying its hand at robotic investment and incubation Key Takeaways: Shoucheng’s gross profit declined…
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