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…
Lagging in the weight-loss market? Take Fosun’s GLP-1 pill
Playing catch-up in the anti-obesity business, Pfizer has bought global rights to an oral weight-loss drug from Fosun Pharma in another big licensing deal Key Takeaways: With the drug still…
China’s Android turf war faces a regulatory reckoning
After years of controlling the apps on their products, smartphone brands are on notice that China’s market regulator won’t tolerate unfair practices like app blocking and traffic hijacking By…
BRIEF: PDD workers fired after brawl with government investigators
Discount e-commerce company PDD Holdings Inc. (PDD.US) has fired several people from its government relations department who became involved in a physical altercation with government investigators earlier this month, Caixin…
Foreign firms face China’s cutthroat competition, while AI threatens knowledge platform Zhihu
A new survey is showing foreign investors in China are most concerned about cutthroat competition from Chinese rivals rather than the traditional concerns over market access. What's behind this changing mindset? And Q&A knowledge-sharing site Zhihu is facing an existential challenge from AI. How can the company compete in the face of such a big threat?
Seyond survives marathon journey to Hong Kong listing
The maker of autonomous driving sensors has completed a backdoor SPAC listing nearly a year after signing a merger agreement for the deal Key Takeaways: Seyond has become only the…
BRIEF: Hashkey off to rocky start in Hong Kong trading debut
Shares of digital asset platform HashKey Holdings Ltd. (3887.HK) opened 0.3% higher in their Hong Kong trading debut on Wednesday, then moved within a narrow range before closing 2.7% below their offer…
BRIEF: Luckin considers Blue Bottle bid in globalization, upmarket push
Luckin Coffee Inc. (LKNCY.US) is considering a bid for Nestlé SA’s (NESN.SW) Blue Bottle Coffee specialty coffee chain, according to people familiar with the matter cited by Bloomberg. The move…
