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: China Hanking’s Australian gold business disposal collapses
Iron ore producer China Hanking Holdings Ltd. (3788.HK) announced on Wednesday that the planned sale of its Primary Gold Australian subsidiary to Inner Mongolia Huineng Coal and Electricity Group has…
China Renaissance banks on cryptocurrencies to revive its fortunes
The investment bank plans to spend $100 million on digital assets as it struggles to boost its business in a weak Chinese economy Key Takeaways: China Renaissance plans to invest…
INDUSTRY BRIEF: Macao’s June gaming revenue jumps nearly 20%
Macao’s gross gaming revenue totaled 21.06 billion patacas ($2.6 billion) in June, up 19% year-on-year though slipping 0.6% from May, the city’s Gaming Inspection and Coordination Bureau said on Tuesday.…
China plays catch-up to U.S. in stablecoin rivalry
As the U.S. moves swiftly to set the rules for on-chain finance, an increasingly anxious China is seeking entry to the virtual currency world via Hong Kong By Lee…
Vitasoy’s soaring stock: A potent investor beverage or a takeover target?
The iconic Hong Kong drink maker’s shares have risen sharply since last September on takeover speculation, as it continues to post solid financial results Key Takeaways: Vitasoy's revenue rose 1%…
Chaoju Eye Care preparing to re-enter acquisition mode?
The private hospital and clinic operator announced two new purchases, signaling a potential return to acquisitions after a quiet period last year Key Takeaways: Chaoju Eye Care announced plans to…
BRIEF: Tam Jai privatization overwhelmingly approved by shareholders
Hong Kong rice noodle chain Tam Jai International Co. Ltd. (2217.HK) announcedon Monday that its privatization plan was approved by an overwhelming majority of its shareholders. Following that development, the…
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