AI is powering orders, but can it recharge Wasion’s stock?
The provider of energy systems for data centers and utilities is expanding overseas and winning grid orders at home, although shareholders are seeing limited benefit Key Takeaways: Wasion has won…
Lingyi pitched AI to Hong Kong. But the iPhone Duo may be powering its rebound
The Apple supplier credits new products for its quarterly profit recovery as it expands into server cooling, power hardware and robot assembly Key Takeaways: Lingyi's third-quarter profit rose 14%, which…
CIG redirects $225 million of IPO funds to massive optical business buildup
The company is pouring roughly HK$5 billion in fresh funds into its optical transceiver unit whose sales are soaring on the global AI infrastructure buildup Key Takeaways: CIG will redirect…
Dajin Heavy Industry runs low on wind five months after IPO
The wind power equipment maker’s shares are down more than 60% since their June listing in Hong Kong, as the company reported its profit deteriorated in the third quarter Key…
After pricy robotics push, CSG powers up for Hong Kong listing
The provider of equipment for power grids and industrial automation is seeking to raise funds for AI-related product upgrades and overseas expansion Key Takeaways: CSG returned to profit two years…
Starbucks clears its China tables, as the robotics bubble quietly deflates
"There’s no way they can compete with Luckin Coffee and a cup of coffee at 9 yuan, They’ve got to go for the premium experience" – on Starbucks' decision to…
Forex losses smudge Fuyao’s profit, as smart glass awaits volume growth
The automobile glass maker’s revenue rose marginally in the first three quarters, as it accelerates smart glass development to jumpstart its stalling growth Key Takeaways: Fuyao Glass' revenue rose 2.46%…
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