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 to raise up to $288 million via new share sale
Boss Zhipin recruitment platform operator Kanzhun Ltd. (2076.HK; BZ.US) announced on Tuesday that it plans to sell up to 30 million new class A ordinary shares for a maximum of…
BRIEF: CaoCao tumbles in Hong Kong trading debut
Ride-hailing platform CaoCao Inc. (2643.HK) slipped into reverse with its Hong Kong debut on Wednesday, as its shares opened down 20% at HK$33.80 on their first trading day. The stock…
So-Young rethinks reverse share split as its stock surges
The cosmetic surgery specialist’s shares have nearly doubled in the last two weeks as investors flock to its new business model centered on self-operated clinics Key Takeaways: So-Young has delayed…
Chow Tai Fook rediscovers gold in convertible bonds
The fundraising, even as the Hong Kong jeweler has sufficient financial resources to run its current operation, could hint at plans for its next growth phase Key Takeaways: Chow Tai…
INDUSTRY BRIEF: Starbucks considers selling China business
Starbucks Corp. (SBUX.US) is considering selling its China business, shifting from a previous plan to sell a stake in the operation to one or more partners, financial media Caixin reported…
Nameson’s profit dives on diversification spending, overreliance on single customer
The apparel maker’s revenue began to contract in the second half of its latest fiscal year, as business from its largest customer fell 11% Key Takeaways: Nameson’s profit tumbled 40%…
BRIEF: Agile sells seasoning products business for $33 million
Agile Group Holdings Ltd. (3383.HK) announced on Tuesday that its wholly owned subsidiary, Yaxin Investment, has agreed to sell its 21.16% stake in Guangdong PRB Bio-Tech Co. Ltd. to Guangdong…
