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…
NEWS WRAP: Alibaba to roll Ele.me into newer Taobao Instant Commerce
The e-commerce giant will retire the meal delivery brand more than a decade after Ele.me revolutionized the sector using GPS location-based technology By Doug Young E-commerce giant Alibaba Group Holding…
EnjoyGo shifts gears to driverless future on road to IPO
The mobility arm of auto giant SAIC is making a Hong Kong listing to raise funds for development of self-driving car services, among other purposes Key Takeaways: EasyGo, the mobility…
BRIEF: Geely acquires stake in Renault Brazil, gains local resources
Geely Automobile Holdings Ltd. (0175.HK) and its parent, Geely Holding Group, have agreed to acquire 26.4% of the Brazilian unit of French carmaker Renault SA(RNO.PA), which will share its production…
From green energy to property woes, China turns to financial engineering
Solar and wind farm builder Xinte announces plans to start collateralizing its assets using asset backed securities. And China International Travel is spinning off its real estate business.
BRIEF: Agile’s October sales rise month-on-month, but fall year-on-year
Property developer Agile Group Holdings Ltd. (3383.HK) said on Tuesday that its contracted sales totaled 710 million yuan ($100 million) in October, up 54% from September, but down 49% from…
Lens Technology approaches second ‘iPhone moment’
The glass screen maker is betting big on AI glasses and embodied intelligence as its next major growth engines Key Takeaways: Lens Technology reported its revenue reached 207 billion yuan…
BRIEF: Starbucks sells 60% of China business to Boyu Capital at $4 billion valuation
U.S. coffee chain giant Starbucks Corp. (SBUX.US) announced on Monday that it has reached an agreement with Chinese private equity major Boyu Capital to form a joint venture that will…
