BRIEF: Midea buys back 550 million yuan of A-shares in April
Home appliance manufacturer Midea Group Co. Ltd. (0300.HK, 000333.SZ) said on Tuesday that it spent around 554 million yuan ($76 million) to repurchase 7.74 million of its Shenzhen-listed A-shares in…
BRIEF: Luckin returns to same-store sales growth in first quarter
Luckin Coffee Inc. (LKNCY.US) said on Tuesday its revenue rose 41.2% year-on-year to 8.87 billion yuan ($1.22 billion) in the first quarter of 2025, as it returned to profitability and…
BRIEF: Lianhua Supermarket’s Q1 revenue slumps, but profit doubles
Lianhua Supermarket Holdings Co. Ltd. (0980.HK) reported Tuesday that its revenue fell 15% year-over-year to 5.97 billion yuan ($821 million) in the first quarter, while its profit surged 141% to…
BRIEF: TCL reports strong first-quarter growth on popularity of large TVs
TCL Electronics Holdings Ltd. (1070.HK) said on Sunday its TV shipments rose 11.4% year-on-year in the first quarter to 6.51 million units, with sales revenue rising twice as fast by…
BRIEF: Shein hikes U.S. prices as much as 377%
Fast-fashion giant Shein has sharply increased its prices in the U.S., with the cost for some items surging by as much as 377%, ahead of new tariffs on small parcels,…
NEWS WRAP: Auntea Jenny passes listing hearing, paving the way for Hong Kong IPO
The premium tea chain’s listing would be the final one in a recent string of similar IPOs that will collectively raise nearly $2 billion By Doug Young Auntea Jenny…
BRIEF: Chow Tai Fook’s revenue slumps, shutters 406 stores
Jewelry retailer Chow Tai Fook Jewellery Group Ltd. (1929.HK)reportedon Thursday its sales fell 11.6% year-on-year in the three months through March. The company’s sales in Mainland China dropped 10.4% during…
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