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: Chuangxin Industries shares jump in Hong Kong trading debut
Shares of electrolytic aluminum producer Chuangxin Industries Holdings Ltd. (2788.HK) jumped in their Hong Kong trading debut on Monday, as the company raised HK$5.31 billion ($682 million) by selling 500…
BRIEF: Pateo sells remaining Avita stake for $8.78 million
Smart cockpit solutions provider Pateo Connect Technology (Shanghai) Corp. (2889.HK) announced last Friday that its non-wholly owned subsidiary, Huzhou Chuangsheng Chiming Equity Investment Partnership Enterprise, has agreed to sell its…
China Int’l Development ditches leather for power semiconductors
The leather goods maker has signed an MOU to acquire power semiconductor maker Lonten, after an earlier deal to invest in a blockchain company collapsed Key Takeaways: China International Development…
BRIEF: Lingbao finds more gold at Tongbai Laowan mine
Gold miner Lingbao Gold Group Co. Ltd. (3330.HK) said on Sunday that it has completed exploration of the entire area surrounding its Tongbai Laowan gold mining project, and determined that…
Luckin eyes new challenge to Starbucks with potential Costa bid
China’s leading coffee chain is reportedly in discussions with one or more banks for a $900 million loan to finance a bid for the British coffee chain, which is being…
BRIEF: NetEase’s profit jumps nearly 30% as game revenue rises 12%
NetEase Inc. (9999.HK; NTES.US) reportedon Thursday that its revenue rose more than 8% year-on-year to 28.36 billion yuan ($13 billion) in the third quarter, slowing from its 9.4% growth in…
BRIEF: Luk Fook’s profit jumps on rising gold prices, sales strategy
Jewelry retailer Luk Fook Holdings (International) Ltd. (0590.HK) on Thursday forecast it would report its revenue rose 20% to 30% year-on-year in the six months through September, the first half…
