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: Kanzhun’s profit rises 67% in third quarter on hiring rebound
Boss Zhipin recruitment platform operator Kanzhun Ltd. (2076.HK; BZ.US) reported strong third-quarter results on Tuesday, fueled by recovering hiring activity and improved commercialization efficiency. The company’s revenue for the three months through…
China’s corporate pivots: Alibaba’s food delivery gambit and WuXi AppTec’s geopolitical hedge
Alibaba will retire the Ele.me takeout dining brand and merge it with its newer Taobao Instant Commerce. What's driving the move? And WuXi AppTec is the latest Chinese major to jump on the Middle Eastern bandwagon, with plans to potentially open a new center in Saudi Arabia. Why are a growing number of Chinese companies taking the Middle Eastern plunge?
BRIEF: Xiaomi profit soars 130% in third quarter as EV revenue hits record
Smartphone maker Xiaomi Corp. (1810.HK) said on Tuesday its revenue rose 22.3% year-over-year to 113.1 billion yuan ($15.91 billion) in the third quarter, while its profit surged 129.5% to 12.26…
BenQ BM takes pulse of hot Hong Kong market with new IPO bid
The private hospital operator has filed again for a Hong Kong listing, offering uninspired financials to investors after two unsuccessful attempts since last year Key Takeaways: Private hospital operator BenQ…
SJM is dealt a tough hand in Macao gambling shake-up
The gaming company is shedding most of its satellite casinos and focusing on core assets in a restructuring that has taken a chunk out of quarterly earnings Key Takeaways: Bucking…
NEWS WRAP: Struggling JinkoSolar sees new potential in energy storage
The solar module maker’s shipments fell 16.7% in the third quarter, but its revenue fell by more than double that rate as its industry suffers from overcapacity and falling prices…
BRIEF: Wai Yuen Tong’s profit plunges in first half of fiscal year
Drug and healthcare products maker Wai Yuen Tong Medicine Holdings Ltd. (0897.HK) warned on Monday that it expects to report its profit plunged 87% year-on-year to HK$3 million ($390,000) or…
