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: ZTO’s profit rises 5% as company cuts full-year volume guidance
Logistics provider ZTO Express (Cayman) Inc. (ZTO.US; 2057.HK) reported on Wednesday that its revenue rose 11.1% year-on-year in the third quarter to 11.9 billion yuan ($1.67 billion), while its net…
Vaping leader RLX wins over skeptics with global diversification
The company reported that more than 70% of its third-quarter revenue came from outside its challenging home China market Key Takeaways: Acquisitions in Asia and Europe lifted RLX’s revenue by…
BRIEF: Kuaishou’s third-quarter profit jumps as AI fuels growth
Short-video platform Kuaishou Technology (1024.HK) reported on Wednesday its revenue rose 14.2% year-on-year to 35.6 billion yuan ($5 billion) in the third quarter, while its profit jumped 37.3% to 4.49…
Genuine Biotech takes third shot at IPO as financial pressures mount
Demand for the company’s core product has long since faded, and sales for the product took an additional hit after the termination of a distribution partnership with Fosun Pharma Key…
Dietary fiber finds place on Chinese dining tables in dawning sugar-free era
With its significant gap in adoption, China has big potential to join growing global weight management, gut health and chronic disease prevention movements LeadLeo Research Institute As the concepts…
BRIEF: Kanzhun’s profit rises 67% in third quarter on hiring rebound
Boss Zhipin recruitment platform operator Kanzhun Ltd. (2076.HK; BZ.US) reported strong third-quarter results on Tuesday, fueled by recovering hiring activity and improved commercialization efficiency. The company’s revenue for the three months through…
China’s corporate pivots: Alibaba’s food delivery gambit and WuXi AppTec’s geopolitical hedge
Alibaba will retire the Ele.me takeout dining brand and merge it with its newer Taobao Instant Commerce. What's driving the move? And WuXi AppTec is the latest Chinese major to jump on the Middle Eastern bandwagon, with plans to potentially open a new center in Saudi Arabia. Why are a growing number of Chinese companies taking the Middle Eastern plunge?
