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: Starbucks sells 60% of China business to Boyu Capital at $4 billion valuation
U.S. coffee chain giant Starbucks Corp. (SBUX.US) announced on Monday that it has reached an agreement with Chinese private equity major Boyu Capital to form a joint venture that will…
Afari tries to charm investors with AI story rife with question marks
The carmaker has applied to list in Hong Kong, led by a new chairman described as having over a decade of deep experience in AI, but with few additional details…
BRIEF: Breton, Rixin in deal for autonomous driving in mining
Construction machinery maker Breton Technology Co. Ltd. (1333.HK) said on Monday it recently entered into a two-year strategic cooperation agreement involving autonomous mining trucks with Fujian Rixin Machinery Leasing. Under their agreement,…
Chifeng Gold chases new glitter in rare earths
The company currently gets 90% of its revenue from gold, but is expanding into copper and rare earths to tap anticipated future demand Key Takeaways: Chifeng Gold’s profit surged 141%…
BRIEF: Lufax names new co-CEO and chief marketing officer
Online lender Lufax Holding Ltd. (LU.US; 6623.HK) on Friday announced appointments of two new top executives, as it works to resume trading of its Hong Kong-listed shares following the resignation…
BRIEF: Mininglamp shares double in Hong Kong debut
Shares of marketing software provider Mininglamp Technology (2718.HK) doubled in their Hong Kong trading debut on Monday, opening 98% higher and extending the gains to close at HK$286 by the midday…
Sichuan Teway spices up Hong Kong’s hot IPO market
The maker of ready-to-cook and hotpot pre-mixed seasonings has filed to list in Hong Kong, positioning itself as a consolidator in China’s huge seasonings market Key Takeaways: Sichuan Teway has…
