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: 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…
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…
Busy Ming buzzes investors with China’s love of budget snacks
The snack store operator has filed for a Hong Kong IPO, using steep cost controls to offer up cheap eats in less affluent smaller cities Key Takeaways: Busy Ming has…
BRIEF: Auntea Jenny surges in Hong Kong trading debut
Shares of bubble tea chain operator Auntea Jenny (Shanghai) Industrial Co. Ltd. (2589.HK) opened at HK$190.60 in their Hong Kong trading debut on Thursday, up 68% from their IPO price…
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