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…
Move over, Hong Kong. Young Beijing Exchange becomes China’s new IPO hub
The bourse, launched in 2021 to help fund smaller tech startups, has hosted 38 IPOs this year, up more than 50% from 2024 Key Takeaways: Just four years after its…
BRIEF: Lin Bin to sell $2 billion worth of Xiaomi shares to set up investment fund
Smartphone manufacturer Xiaomi Corp. (1810.HK) said on Monday that co-founder and vice chairman Lin Bin will sell up to $500 million worth of Xiaomi shares every 12 months starting December…
BRIEF: JD.com Paris warehouse burglarized in major robbery
Thieves stole thousands of items worth millions of dollars from a Paris warehouse owned by e-commerce giant JD.com Inc. (JD.US; 9618.HK), Caixin reported on Wednesday. JD.com confirmed the theft and…
What 1.4 billion consumers? Mannings China exit extends foreign retail exodus
The withdrawal by Hong Kong’s largest health and beauty chain comes as parent DFI trims its money-losing assets, and follows a similar departure this year by peer Sa Sa International…
BRIEF: Ubtech to acquire 43% of Fenglong Electric for $237 million
Robotics company Ubtech Robotics Corp. Ltd. (9880.HK) announced on Wednesday that it will acquire 43% of Shenzhen-listed Zhejiang Fenglong Electric Co. Ltd. (002931.SZ) for a total consideration of about 1.67…
Geneplus locks onto targeted medicine for IPO pitch
After a post-Covid earnings dip, the company is seeking a stable future as a provider of data and diagnostics for precision medicine and disease prevention Key Takeaways: The company’s…
BRIEF: Kuaishou temporarily halts livestreaming service after attack
Online video site Kuaishou Technology (1024.HK) said on Tuesday the livestreaming function on its app was attacked around 10 p.m. the previous day, forcing it to shut down the service.…
