BRIEF: Aux shares slump in Hong Kong trading debut
Shares of Aux Electric Co. Ltd. (2580.HK) fell 5.4% on their first trading day in Hong Kong on Tuesday, as the air conditioner maker raised nearly HK$4 billion ($513 million).…
NEWS WRAP: Chagee posts double-digit growth, as global expansion advances
The premium tea chain’s revenue rose 10.5% in the second quarter, as it entered the U.S. with its first store in Los Angeles By Doug Young Premium tea chain…
INDUSTRY BRIEF: Macao’s gaming revenue hits year-high in August
Macao’s gross gaming revenue reached 22.16 billion patacas ($2.76 billion) in August, up 12.2% year-on-year and edging up 0.14% from the previous month, the city’s Gaming Inspection and Coordination Bureau…
BRIEF: Dahon Tech to raise $50 million in Hong Kong IPO
Folding-bicycle maker Dahon Tech (Shenzhen) Co. Ltd. (2543.HK) kicked off its Hong Kong IPO on Monday, aiming to sell 7.92 million shares at HK$49.50 apiece to raise HK$392 million ($50…
BRIEF: Trip.com’s revenue, profit rise in second quarter
Online travel agent Trip.com Group Ltd. (9961.HK, TCOM.US) said on Wednesday its revenue rose 16% year-on-year to 14.8 billion yuan ($2.1 billion) in the second quarter of 2025, while its…
BRIEF: CaoCao’s loss narrows in first half of 2025
Ride-hailing platform CaoCao Inc. (2643.HK) said on Tuesday its revenue jumped 53.5% year-on-year to 9.46 billion yuan ($1.32 billion) in the first half of 2025, while its loss narrowed nearly…
BRIEF: Lens Technology’s profit jumps over 30% in first half of 2025
Smartphone glass supplier Lens Technology Co. Ltd. (6613.HK; 300433.SZ) said on Monday its revenue rose 14.2% to 32.96 billion yuan year-on-year in the first half of this year. Its net…
