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…
Hong Kong: China’s IPO pipeline and crypto lab
Companies raised $13.6 billion through Hong Kong IPOs in the first half of the year, giving the city the global fundraising title for that period. What's behind the sudden boom? And a growing number of Chinese companies are experimenting with cryptocurrencies in Hong Kong, even as such currencies are banned on the Mainland. What's driving such different approaches on the Mainland and in Hong Kong?
BRIEF: Niu’s second-quarter sales rise 36.6%
Electric scooter manufacturer Niu Technologies (NIU.US) announced last Friday that it sold 350,090 e-motorcycles, e-mopeds, kick-scooters and e-bikes in the second quarter, up 36.6% from 256,200 units in the same period…
BRIEF: Greentown’s H1 sales down 11%, former chairman detained
Real estate developer Greentown China Holdings Ltd. (3900.HK) said its contract sales in the first half of the year totaled 80.3 billion yuan ($11.2 billion), involving an area of 2.29 million square meters. Sales attributable…
INTERVIEW: Cango maps out future path as bitcoin miner
The company recently completed the first phase of its transformation from auto trader to bitcoin miner with its acquisition of additional machines with 18 EH/s of capacity By Doug…
INDUSTRY BRIEF: Thailand loses attraction for Chinese tourists
Chinese airlines plan to operate 12,800 flights between China and Thailand during this year’s peak travel season in July and August, down 22.6% year-on-year and 40% below pre-pandemic levels, financial…
Hong Kong Robotics’ stock soars on robotics pivot, but does it have legs?
The unknown Hong Kong-listed company’s stock has jumped to new highs since repositioning itself earlier this year as a robotics firm Key Takeaways: Hong Kong Robotics’ shares have soared on…
BRIEF: FWD flat in Hong Kong trading debut
Insurance company FWD Group Holdings Ltd. (1828.HK) opened flat in its Hong Kong trading debut on Monday and traded within a narrow range during the day before closing up 1.05%…
