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…
Nasdaq gets tough on small Chinese IPOs, as an AI-fueled energy storage boom takes off
For a market that basically prides itself on protecting investors… I have to say I'm amazed that it has taken so long.
BRIEF: Xiaomi SU7 in new fatal accident, shares slump over 5%
Xiaomi’s electric vehicle (EV) division faced new safety concerns after one of its SU7 vehicles caught fire following an early Monday morning collision in Sichuan province, killing the driver. Local…
BIT Mining or Solai? A company built on speculation speculates again
The crypto mining company will change its name to reflect its new business focus, just five years after transforming from an online lottery ticket seller Key Takeaways: BIT Mining will…
BRIEF: WeRide, Pony AI approved by CSRC to list in Hong Kong
U.S.-listed Robotaxi operators WeRide Inc. (WRD.US) and Pony AI Inc. (PONY.US) were cleared by China’s securities regulator to make second listings in Hong Kong, according to announcements on the China…
BRIEF: Shandong Gold profit doubles on surging gold prices
Gold producer Shandong Gold Mining Co. Ltd. (1787.HK; 600547.SH) said on Tuesday it expects to report net income of 3.8 billion yuan ($532 million) to 4.1 billion yuan for the first three…
Sunny Optical, Goertek forge ‘Optical Alliance’ in bet on AI glasses
The marriage of Sunny Optical's technology with Goertek's manufacturing muscle could create a new giant in China's optical industry Key Takeaways: Goertek Optical and Sunny Optical will form a joint…
INDUSTRY BRIEF: Transsion overtakes Vivo in global smartphone market
Samsung (005930.KS) and Apple (AAPL.US) continued to lead the global smartphone market in the third quarter, as Chinese manufacturers Xiaomi (1810.HK), Transsion (688036.SH) and Vivo rounded out the top five…