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…
NEWS WRAP: Auntea Jenny passes listing hearing, paving the way for Hong Kong IPO
The premium tea chain’s listing would be the final one in a recent string of similar IPOs that will collectively raise nearly $2 billion By Doug Young Auntea Jenny…
BRIEF: Chow Tai Fook’s revenue slumps, shutters 406 stores
Jewelry retailer Chow Tai Fook Jewellery Group Ltd. (1929.HK)reportedon Thursday its sales fell 11.6% year-on-year in the three months through March. The company’s sales in Mainland China dropped 10.4% during…
New Oriental gets new lesson from souring U.S.-China relations
China’s leading private provider of education services blamed changing international relations for a slowdown in its business catering to students planning to study abroad Key Takeaways: New Oriental’s revenue from…
BRIEF: Breton launches $30 million Hong Kong IPO
Construction machinery maker Breton Technology Co. Ltd. (1333.HK) launched its Hong Kong public offering Friday, announcing plans to sell 13 million shares for HK$18 apiece to raise HK$234 million ($30…
Xiao Noodles serves up IPO plan to take its tangy taste global
The restaurant company wants to keep expanding its network of spicy Chongqing noodle shops, but price cuts may be eating into profits Key Takeaways: The noodle chain more than doubled…
BRIEF: Tianqi Lithium returns to profit in first quarter
Lithium miner Tianqi Lithium Corp. （9696.HK; 002466.SZ）announced on Wednesday it expects to report a net profit of between 82 million yuan（$11.24 million）and 123 million yuan for the three months through March,…
BRIEF: Kingsoft Office’s first-quarter profit climbs 10%
Kingsoft Corp. Ltd. (3888.HK) said on Wednesday that its Beijing Kingsoft Office Software Inc. (688111.SH) subsidiary’s revenue rose 6.2% year-on-year to 1.3 billion yuan ($1.78 million) in the first quarter,…
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