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: Autohome slashes headcount as revenue sags
Car-trading services provider Autohome Inc. (ATHM.US; 2518.HK) on Thursday reported its revenue slumped 10% in the first quarter, as the company cut about a fifth of its workforce over the…
BRIEF: Baidu’s Apollo partners with CAR Inc. on autonomous vehicle rentals
Baidu Inc.’s (BIDU.US; 9888.HK) Apollo autonomous driving platform said on Thursday it has signed a deal to jointly launch China’s first autonomous vehicle rental service in a new partnership with…
Zeekr gets set to drive off Wall Street, just a year after arriving
The company’s proposed privatization is part of an ongoing effort by parent Geely to consolidate its many listed units Key Takeaways: Zeekr has received a privatization bid from Hong Kong-listed…
BRIEF: Green Tea launches $156 million IPO, backed by eight cornerstone investors
Restaurant operator Green Tea Group Ltd. (6831.HK) launched its Hong Kong IPO on Thursday, aiming to sell 168 million shares priced at HK$7.19 each to raise about HK$1.21 billion ($156…
Fosun International sheds real estate assets in Portugal
On a mission to shrink its international footprint and contain debt, the conglomerate has sold off property holdings in what was a key European base Key Takeaways: The building units…
BRIEF: Bud APAC’s revenue falls 7.5% in first quarter, dragged down by China
Budweiser Brewing Co. APAC Ltd. (1876.HK) on Thursday said its revenue fell 7.5% year-on-year to $1.46 billion in the first quarter, as solid growth in most markets failed to offset…
BRIEF: Drinda New Energy rises in Hong Kong trading debut
Shares of solar cell maker Hainan Drinda New Energy Technology Co. Ltd. (2865.HK; 002865.SZ) rose in their Hong Kong trading debut on Thursday, opening at HK$22.20, up 0.2% from their…
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