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: Xiao Noodles announces share buyback just a month after IPO
Noodle chain operator Guangzhou Xiao Noodles Catering Management Co. Ltd. (2408.HK) on Tuesday announced its board approved a mandate for the company to buy back up to 10% of its…
Meta cuts Manus free from China, as regional lender gets premium bailout
In a landmark validation for Chinese AI, Facebook parent Meta has agreed to buy general AI agent maker Manus. But why is Meta also quite vehement about cutting all of Manus' China ties, both in terms of investors and business activity? And regional Chinese lender Weihai Bank has just received a major cash infusion from its local government in Shandong province. Is this a worrisome sign for investors?
BRIEF: Leapmotor raises $430 million from share sale to state-run investor
Electric vehicle (EV) maker Zhejiang Leapmotor Technology Co. Ltd. (9863.HK) said on Tuesday it will raise about 3 billion yuan ($430 million) through a share placement to state-owned investor Jinhua…
China Renaissance dabbles in sour loans, hoping for sweet returns
The investment bank will buy two portfolios of nonperforming personal loans as it continues to recover from a crisis with the abrupt departure of its high-powered founder two years ago…
BRIEF: Mao Geping to trim stake in namesake cosmetics company
Mao Geping Cosmetics Co. Ltd. (1318.HK) said on Tuesday that founder Mao Geping and the company’s other executive directors plan to sell a combined 17.2 million shares over the next…
Its financial house back on stabler ground, CIFI Holdings isn’t out of the woods yet
The developer’s new offshore debt restructuring eases its most urgent default risk, but it must still restore its cash flow and repair its operations Key Takeaways: CIFI Holdings concluded an…
BRIEF: Jinxin Fertility’s business improves in fourth quarter
Fertility services provider Jinxin Fertility Group Ltd. (1951.HK) provided 7,004 in vitro fertilization (IVF) treatments to its customers in last year’s fourth quarter, up 12% from a year earlier, according…
