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…
Soul App files for IPO, riding early-mover status in AI-backed hunt for emotional satisfaction
The social platform plans to entice investors with the combination of its self-developed AI model, immersive social scenarios, and strong profitability Key Takeaways: Tencent-backed Soulgate, operator of the Soul App,…
BRIEF: JingdongIndustrials launches $420 million Hong Kong IPO
Jingdong Industrials Inc. (7618.HK), the industrial supply chain services arm of JD.com (9618.HK; JD.US), launched its Hong Kong IPOon Wednesday, offering 211 million shares for HK$12.70 to HK$15.50 per share.…
GoFintech returns to the black, but sacrifices margins for big revenue jump
The provider of stock brokerage and other financial services’ revenue surged more than 40-fold in the first half of its fiscal year, but its gross profit margin plummeted Key Takeaways:…
BRIEF: Heavily oversubscribed Lemo soars on Hong Kong trading debut
Shares of massage chair operator Lemo Services Co. Ltd. (2359.HK) opened up 62% in their Hong Kong trading debut on Monday, and held on to most of the gains to close up…
Muyuan eyes global pig pen with Hong Kong IPO
The world’s largest pork producer could raise up to $1 billion in a blockbuster listing that would be one of the largest by a consumer company this year Key Takeaways:…
BRIEF: Bao Pharma launches $128 million Hong Kong IPO
Shanghai Bao Pharma Co. Ltd. (2659.HK) launched its Hong Kong IPO on Tuesday, planning to sell 37.9 million shares at an offer price of HK$26.38 per share, raising up to…
A strong quarter doesn’t make Yeahka a bargain
The payment technology company posted impressive third-quarter results, yet its lofty valuation is limiting near-term upside for its stock Key Takeaways: Yeahka’s gross payment value surged 50% in the third…
