ATRenew capitalizes on government incentives to achieve solid growth in its core business
The recycling specialist’s revenue rose 27.5% in the first quarter, representing its fastest growth in more than a year Key Takeaways: ATRenew reported its fastest quarterly revenue growth in more…
Meitu, Alibaba find beauty in new e-commerce partnership
The maker of beauty apps will sell $250 million worth of convertible bonds that could make the e-commerce giant its third-biggest shareholder Key Takeaways: Meitu and Alibaba have formed a…
Huawei turns up HarmonyOS volume with launch of PC edition
The company’s latest rollout comes as it tries to convince more app developers to make versions of their products for its operating system Key Takeaways: Huawei has launched PCs powered…
Yatsen CEO declares turnaround with quarterly non-GAAP profit
The cosmetics seller reported a nearly 50% increase in its first-quarter revenue from skincare products as it pivots to the segment from make-up Key Takeaways: Yatsen’s first-quarter net loss narrowed…
Yue Yuen stumbles on high labor costs, geopolitical uncertainty
The shoemaker’s profit fell 24% in the first quarter on falling margins, as it continues taking preemptive hedging measures against geopolitical risk Key Takeaways: Leading shoemaker Yue Yuen’s revenue grew…
Starbucks seeks a China partner, and vaping looks to diversify
Starbucks sends invitations for buying part of its China operations. And vaping companies are scrambling to diversify production.
Tongshifu rides China’s ‘goods economy’ to IPO
The Xiaomi-backed leading maker of copper-based cultural and creative crafts is seeking to list in Hong Kong, feasting on the country’s growing love of kitsch Key Takeaways: Tongshifu has filed…
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