Despite stellar results, Mixue gets investor cold shoulder as delivery wars wind down
Analysts are calling the leading bubble tea chain’s revenue and profit gains unsustainable as its takeout delivery partners pledge to cut back on discounts and vouchers Key Takeaways: Mixue’s shares…
ATRenew pumps up revenue, profits on leaner recycling
The company’s revenue grew 32% in the second quarter, its fastest rate in two years, as it stepped up an aggressive expansion of its offline store network Key Takeaways: ATRenew’s…
Meituan drives to Brazil in search of growth, only to crash into Chinese rival DiDi
The two Chinese internet giants have sued each other in South America’s largest nation over unfair competition related to their food delivery businesses Key Takeaways: Meituan and DiDi filed lawsuits…
Clearing regulatory air lifts RLX back to healthy growth
The vaping company reported its revenue rose 40% in the second quarter, helped by a new acquisition in Europe, as it explores other smokeless products Key Takeaways: RLX’s revenue and…
ShanH seeks IPO recharge after years of losses
The smartphone recycler has filed a third time to list in Hong Kong, hoping to jump on a surging market for new public offerings Key Takeaways: ShanH has filed to…
China’s changing tastes buffet western brands as Ant Group faces old headwinds
Burger King withdraws from Hong Kong and Ant Group's purchase of a Hong Kong brokerage is getting extra scrutiny.
WH Group flies on turnaround for North American pork business
The company turned a profit in the first half of the year by bringing down costs for its Smithfield business, amid diverging dynamics in the U.S. and Chinese pork markets …
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