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…
China Int’l Development ditches leather for power semiconductors
The leather goods maker has signed an MOU to acquire power semiconductor maker Lonten, after an earlier deal to invest in a blockchain company collapsed Key Takeaways: China International Development…
Luckin eyes new challenge to Starbucks with potential Costa bid
China’s leading coffee chain is reportedly in discussions with one or more banks for a $900 million loan to finance a bid for the British coffee chain, which is being…
BRIEF: NetEase’s profit jumps nearly 30% as game revenue rises 12%
NetEase Inc. (9999.HK; NTES.US) reportedon Thursday that its revenue rose more than 8% year-on-year to 28.36 billion yuan ($13 billion) in the third quarter, slowing from its 9.4% growth in…
BRIEF: Luk Fook’s profit jumps on rising gold prices, sales strategy
Jewelry retailer Luk Fook Holdings (International) Ltd. (0590.HK) on Thursday forecast it would report its revenue rose 20% to 30% year-on-year in the six months through September, the first half…
XJ International learns financial lesson as heavy debt prompts school asset sales
A prolonged downturn in China’s private higher-education sector has weighed heavily on the debt-heavy company, which is selling assets in a bid to survive Key Takeaways: XJ International’s latest asset…
BRIEF: ZTO’s profit rises 5% as company cuts full-year volume guidance
Logistics provider ZTO Express (Cayman) Inc. (ZTO.US; 2057.HK) reported on Wednesday that its revenue rose 11.1% year-on-year in the third quarter to 11.9 billion yuan ($1.67 billion), while its net…
Vaping leader RLX wins over skeptics with global diversification
The company reported that more than 70% of its third-quarter revenue came from outside its challenging home China market Key Takeaways: Acquisitions in Asia and Europe lifted RLX’s revenue by…
