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…
INDUSTRY BRIEF: Apple takes 2025 smartphone crown, Xiaomi finishes third
Apple (AAPL.US) was the world’s top smartphone seller in the fourth quarter, taking the crown from rival Samsung (005930.KS), as both companies recorded strong year-on-year growth. Meantime, Xiaomi (1810.HK) held…
INTERVIEW: Tuya leverages its AI platform, skills to target global consumer market
The AIoT company is drawing on its relationships with thousands of internet-connected smart device makers to roll out its Hey Tuya AI Assistant For Life By Rene Vanguestaine LAS…
China’s property debt crisis muddles on, as profits evade the pet economy
Domestic investors holding about $500 worth of Vanke bonds have agreed to extend their Dec. 28 maturity date by a month. Why are Vanke and its peers continually turning to this kind of delaying tactic rather than doing bankruptcy reorganizations? And pet hospital operator Ringpai has applied for a Hong Kong IPO.
BRIEF: JD Logistics to privatize Shanghai-listed Debon unit
JD Logistics Inc. (2618.HK) said on Tuesday it plans to privatize its Debon Logistics Co. Ltd. (603056.SH) unit from the Shanghai Stock Exchange by purchasing the remaining 20% of the…
Anta takes aim at global big leagues with Puma bid
China’s leading sportswear brand has reportedly offered to buy 29% of the German brand, which, if successful, could give a big boost to its global aspirations Key Takeaways: Anta has…
BRIEF: RoboSense’s LiDAR sales nearly triple in fourth quarter
Autonomous driving technology maker Robosense Technology Co. Ltd. (2498.HK) said on Tuesday that its light detection and ranging (LiDAR) product sales reached 919,200 units in the fourth quarter, up 183%…
INDUSTRY BRIEF: China to scrap or lower export tax rebates for solar products, batteries
China will cancel or lower its export tax rebates for solar products and batteries from April 1, as it seeks to ease price wars that have wreaked havoc on both…
