Hesai Group: No love on Wall Street for China’s rising LiDAR star
A week after announcing its latest results, the world’s largest maker of the autonomous driving technology’s shares are down nearly 60% from their February IPO price Key Takeaways: Hesai’s revenue…
HSAI.US
Kanzhun chronicles China’s job rebound, as investors frown on company’s high costs
The country’s leading recruitment services company returned to revenue growth in the first quarter, but its spending rose at an even faster rate Key Takeaways: Kanzhun reported its revenue rose…
BZ.US
2076.HK
Struggling European unit tramples on H World’s post-Covid rebound
Four years after H World’s purchase of Deutsche Hospitality, the European asset continues to post significant losses, despite a post-pandemic recovery Key Takeaways: H World Group’s revenue rose 67% in…
HTHT.US
1179.HK
Price war rains on Kingsoft Cloud despite improving profitability
The cloud services provider reported a sharp gross margin increase in the first quarter as it jettisoned less-profitable customers Key Takeaways: Kingsoft Cloud reported its first-quarter revenue fell 14.2%, but…
KC.US
3896.HK
Smartphone trade-ups lift ATRenew as spending resumes in China
The recycling specialist’s revenue growth accelerated to 30% in the first quarter, as offline consumer activity rebounded Key Takeaways: ATRenew’s revenue grew 30% in the first quarter, as it reported…
RERE.US
