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…
Qiyunshan IPO tests investor appetite for Chinese fruit snacks
With 32% of its market for products using dried jujubes, the Jiangxi-based company is the latest Chinese snack maker seeking to go public in Hong Kong Key Takeaways: Qiyunshan has…
BRIEF: Taobao launches $7 billion subsidy in instant retail wars
E-commerce giant Alibaba (BABA.US; 9988.HK) announced on Wednesday that its Taobao Flash Sale instant retail platform has launched a 50 billion yuan ($6.97 billion) subsidy program that will run for…
BRIEF: Cloudbreak tumbles in Hong Kong trading debut
Ophthalmic biotech company Cloudbreak Pharma Inc. (2592.HK) opened down 6% in its Hong Kong trading debut on Wednesday, and continued to fall during the morning session to close down 30% at HK$7.04…
HBM notches up another mega deal but is the model sustainable?
The biotech has agreed to sell rights to one of its cancer drugs under development for up to $670 million, adding more fuel to its share price rebound this year…
BRIEF: China Hanking’s Australian gold business disposal collapses
Iron ore producer China Hanking Holdings Ltd. (3788.HK) announced on Wednesday that the planned sale of its Primary Gold Australian subsidiary to Inner Mongolia Huineng Coal and Electricity Group has…
China Renaissance banks on cryptocurrencies to revive its fortunes
The investment bank plans to spend $100 million on digital assets as it struggles to boost its business in a weak Chinese economy Key Takeaways: China Renaissance plans to invest…
INDUSTRY BRIEF: Macao’s June gaming revenue jumps nearly 20%
Macao’s gross gaming revenue totaled 21.06 billion patacas ($2.6 billion) in June, up 19% year-on-year though slipping 0.6% from May, the city’s Gaming Inspection and Coordination Bureau said on Tuesday.…
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