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: Laopu Gold raises $348 million through share placement to boost gold reserves
Jewelry retailer Laopu Gold Co. Ltd. (6181.HK) announced on Wednesday it will place 3.71 million new H-shares, representing 2.59% of the enlarged share capital for its Hong Kong-listed H-shares and…
Lakala eyes Hong Kong IPO as it hops on the going-global bandwagon
The payment services provider plans to use funds from its listing for overseas expansion to try to reverse its falling revenue and profits Key Takeaways: Shenzhen-listed Lakala has filed for…
China bets big on stocks as consumers fret over pre-made food
Team China has pumped $550 billion into the country's two main stock markets, buying up nearly 5% of the market value of all listed companies. What's the thinking behind this strategy? And pre-made foods are in the spotlight after a popular blogger criticized a major restaurant chain for using such products. Why is this such a sensitive subject in China?
BRIEF: Luk Fook reports strong September-quarter sales
Jewelry retailer Luk Fook Holdings (International) Ltd. (0590.HK) said on Tuesday its retail sales value rose 18% sequentially during its latest fiscal quarter through September, while its retailing revenue increased…
BRIEF: Softcare’s Hong Kong IPO approved by China’s securities regulator
China’s securities regulator has formally registered the Hong Kong listing plan by Softcare Ltd., clearing a key regulatory hurdle for the IPO by the Africa-focused seller of diapers and sanitary…
BRIEF: JST jumps in Hong Kong trading debut
Shares of e-commerce software as a service (SaaS) enterprise resource planning (ERP) provider JST Group Co. Ltd. (6687.HK) opened 24.2% higher in their Hong Kong trading debut on Tuesday, and…
Beijing software pivot puts Kingsoft in focus. But can it deliver?
A government announcement on a document using the company’s word processing program stirred expectation for accelerated import substitution in software systems Key Takeaways: The Chinese government’s use of Kingsoft word…
