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: Bilibili swings to profit as advertising revenue jumps
Video platform Bilibili Inc. (9626.HK; BILI.US)on Thursday reported a third-quarter net profit of 469 million yuan ($65.9 million), reversing a net loss of 79.8 million yuan in the same period…
BRIEF: Chuangxin Industries launches $700 million IPO
Electrolytic aluminum producer Chuangxin Industries Holdings Ltd. (2788.HK) launched its Hong Kong IPO on Friday, aiming to raise HK$5.5 billion ($708 million) by selling 500 million shares for between HK$10.18…
Damai rides China’s offline leisure boom to bumper profits
The company’s dominance in live entertainment ticketing and IP franchises has turbocharged its revenue, despite persistent consumer complaints and monopolistic behavior Key Takeaways: Damai’s profit rose around 50% in the…
Nissin seeks the right flavor mix to keep noodle sales rising
The Japanese instant noodle giant has reported solid earnings, but the pace has slowed in mainland China, where novelty and value for money are key factors Key Takeaways: Nissin revenues…
Yalla sees ‘inflection point’ next year as new gaming initiative takes flight
After a year of preparations, the Middle Eastern social media company launched its first self-developed midcore game during the third quarter Key Takeaways: Yalla kept its revenue growth streak alive…
BRIEF: Game-related services drive Huya’s 10% revenue growth in third quarter
Livestream gaming company Huya Inc. (HUYA.US) announced on Wednesday that its revenue for the third quarter rose 9.8% year-on-year to 1.69 billion yuan ($237 million), marking its strongest quarterly growth…
BRIEF: China Education forecasts up to $84 million profit for fiscal year
China Education Group Holdings Ltd. (0839.HK) said on Wednesday it expects to report a net profit between 440 million yuan ($61.9 million) and 600 million yuan for its fiscal year…
