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: JD.com Paris warehouse burglarized in major robbery
Thieves stole thousands of items worth millions of dollars from a Paris warehouse owned by e-commerce giant JD.com Inc. (JD.US; 9618.HK), Caixin reported on Wednesday. JD.com confirmed the theft and…
What 1.4 billion consumers? Mannings China exit extends foreign retail exodus
The withdrawal by Hong Kong’s largest health and beauty chain comes as parent DFI trims its money-losing assets, and follows a similar departure this year by peer Sa Sa International…
BRIEF: Ubtech to acquire 43% of Fenglong Electric for $237 million
Robotics company Ubtech Robotics Corp. Ltd. (9880.HK) announced on Wednesday that it will acquire 43% of Shenzhen-listed Zhejiang Fenglong Electric Co. Ltd. (002931.SZ) for a total consideration of about 1.67…
Geneplus locks onto targeted medicine for IPO pitch
After a post-Covid earnings dip, the company is seeking a stable future as a provider of data and diagnostics for precision medicine and disease prevention Key Takeaways: The company’s…
BRIEF: Kuaishou temporarily halts livestreaming service after attack
Online video site Kuaishou Technology (1024.HK) said on Tuesday the livestreaming function on its app was attacked around 10 p.m. the previous day, forcing it to shut down the service.…
Transforming Qian Xun adds polish to new business with crypto cachet
The advertising services company is allowing users to settle payments for its newer business in used gadget trading using stablecoins Key Takeaways: Qian Xun has unveiled PayKet, allowing users to…
Hong Kong’s IPO rally under scrutiny, as ZTE hits new U.S. headwinds
Hong Kong's stock regulator has warned IPO underwriters over the declining qualiy of new listing applications. Is this a red flag for the city's booming IPO market, or just the usual regulatory caution? And the U.S. could fine telecoms equipment maker ZTE $1 billion for bribery in Brazil. Why does Washington think it can force ZTE to pay such a large amount?
