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: Newtrend launches Hong Kong IPO to raise up to $31 million
Sweetener maker Newtrend Technology Co. Ltd. (2573.HK) launched its Hong Kong IPO on Friday, aiming to raise up to HK$222 million ($31 million) through the sale of 10.6 million shares…
Cango’s crypto makeover advances with sale of its China business
The move could pave the way for the former car trader to relocate its headquarters outside the Chinese Mainland, with Singapore, Hong Kong and the U.S. as possible destinations Key…
AI powers Agora back to revenue growth
The maker of real-time engagement technology is benefitting from new demand for products like real-time online virtual tutors and talking toys Key Takeaways: Agora reported a slight revenue increase in…
BRIEF: Shouhui slumps in Hong Kong trading debut
Shares of insurance distributor Shouhui Group Ltd. (2621.HK) slumped in their Hong Kong trading debut on Friday after pricing strongly in their modest IPO. The stock opened at HK$7.50, down 7%…
BRIEF: Futu’s profit doubles on stock market rebound
Online brokerage Futu Holdings Ltd. (FUTU.US) announced on Thursday its first-quarter revenue jumped 81% year-on-year to HK$4.7 billion ($603 million), while its adjusted non-GAAP net profit soared 98% to HK$2.22…
WeRide tries buyback maneuver in tight robotaxi race
The developer of driverless technology has unveiled a $100 million share buyback program in a bid to reassure investors after a stock price slide Key Takeaways: Shares in the robotaxi…
BRIEF: Shein abandons London listing plan, heads to Hong Kong
Online fast fashion retailer Shein has abandoned plans for a London IPO after failing to get approval from China’s securities regulator, Reuters reported on Wednesday, citing sources familiar with the…
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