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…
CSPC feels the pain from sweeping cuts in drug prices
The pharmaceutical giant is paying the price for its aggressively low bids in China’s centralized drug tenders, as it shifts its focus from traditional to novel drugs Key Takeaway: The…
BRIEF: Baozun’s operating profit narrows as e-commerce unit returns to the black
E-commerce software provider Baozun Inc. (BZUN.US; 9991.HK) on Tuesday reported its revenue rose in the third quarter, as its core e-commerce services returned to profitability and losses narrowed for its…
Yum China turns to new concepts, diversified markets in accelerated growth roadmap
The operator of KFC and Pizza Hut restaurants in China aims to operate 30,000 stores by 2030, up more than 70% from current levels, it said at its recent investor…
BRIEF: Noah Holdings’ profit jumps 63% despite revenue decline
Wealth management firm Noah Holdings Private Wealth and Asset Management Ltd. (NOAH.US; 6686.HK) announced on Tuesday its revenue fell 7.4% year-on-year to 632.9 million yuan ($88.9 million) in the third…
Qfin goes from fintech stud to dud as new regulations kick in
The online loan facilitator posted weak third-quarter results and was downbeat on the final three months of the year, contrasting with a strong finish to 2024 Key Takeaways: Qfin’s revenue…
GDS bets on new AI cycle while balancing expansion, deleveraging
The data center operator has begun listing its real estate assets to pay down debt as it races to capitalize on growing demand for AI computing Key Takeaways: Data center…
BRIEF: Minieye to raise up $26 million through share placement at 10% discount
Smart driving and smart cockpit solutions provider Minieye Technology Co. Ltd. (2431.HK) said on Wednesday it will place approximately 14 million new H-shares at a price of HK$14.88 per share,…
