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…
AI computing boom triggers IPO rush by circuitry firms
Delton Tech is the latest supplier of printed circuit boards to apply for a Hong Kong listing, seeking funds to keep pace with demands from AI computing Key Takeaways: The…
BRIEF: Forest Cabin launches $130 million Hong Kong IPO
Skincare products maker Shanghai Forest Cabin Cosmetics Group Co. Ltd. (2657.HK) launched its Hong Kong IPO on Thursday, aiming to sell about 14 million shares for HK$77.77 each to raise…
BRIEF: SenseTime to raise $405 million via share placement at 8.6% discount
AI company SenseTime Group Inc. (0020.HK) said on Thursday it will raise HK$3.15 billion ($405 million) by placing around 1.75 billion new Class B shares at HK$1.80 per share, representing…
Duty-free giant CTG plays hardball to win shop contracts in Shanghai airports
The company’s spat with one of its own subsidiaries highlights the importance of airport outlets for duty free operators struggling with sluggish business in a slowing economy Key Takeaways: CTG…
BRIEF: 51World launches $94 million Hong Kong IPO
Digital twin technology company Beijing 51World Digital Twin Technology Co. Ltd. (6651.HK) launched its Hong Kong IPO on Thursday, aiming to sell 24 million shares for HK$30.50 apiece to raise…
Lagging in the weight-loss market? Take Fosun’s GLP-1 pill
Playing catch-up in the anti-obesity business, Pfizer has bought global rights to an oral weight-loss drug from Fosun Pharma in another big licensing deal Key Takeaways: With the drug still…
China’s Android turf war faces a regulatory reckoning
After years of controlling the apps on their products, smartphone brands are on notice that China’s market regulator won’t tolerate unfair practices like app blocking and traffic hijacking By…
