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…
BRIEF: LexinFintech’s revenue drops in third quarter
Online lender LexinFintech Holdings Ltd. (LX.US) said on Monday its revenue fell 6.7% year-on-year in the third quarter to 3.42 billion yuan ($481 million), as its core credit facilitation services that…
BRIEF: Ubtech to raise $400 million in share placement at 11.4% discount
Robotics maker Ubtech Robotics Corp. Ltd. (9880.HK) announcedon Tuesday that it plans to place 31.468 million new H-shares, representing 6.3% of its enlarged share capital. The shares will be priced…
Dongshan Precision offers investors an acquisitive, but debt heavy, tech component play
After moving from its original sheet metal processing business into PCBs through acquisitions, the company has filed for a Hong Kong IPO to complement its existing Shenzhen listing Key Takeaways:…
BRIEF: Cathay Pacific passenger, cargo traffic rise in October
Cathay Pacific Airways Ltd. (0293.HK) said on Monday its Cathay Pacific and HK Express services collectively carried over 3.2 million passengers in October, up 21% month-on-month. Its cargo volume for…
BRIEF: Chuangxin Industries shares jump in Hong Kong trading debut
Shares of electrolytic aluminum producer Chuangxin Industries Holdings Ltd. (2788.HK) jumped in their Hong Kong trading debut on Monday, as the company raised HK$5.31 billion ($682 million) by selling 500…
BRIEF: Pateo sells remaining Avita stake for $8.78 million
Smart cockpit solutions provider Pateo Connect Technology (Shanghai) Corp. (2889.HK) announced last Friday that its non-wholly owned subsidiary, Huzhou Chuangsheng Chiming Equity Investment Partnership Enterprise, has agreed to sell its…
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…
