BRIEF: Autohome’s profit dips slightly in third quarter
Car-trading services provider Autohome Inc. (2518.HK; ATHM.US) on Thursday reported its revenue was flat year-on-year at 1.78 billion yuan ($250 million) in the third quarter, while its profit edged down 1.5%…
BRIEF: Starbucks sells 60% of China business to Boyu Capital at $4 billion valuation
U.S. coffee chain giant Starbucks Corp. (SBUX.US) announced on Monday that it has reached an agreement with Chinese private equity major Boyu Capital to form a joint venture that will…
BRIEF: BYD car sales fall 12% year-on-year in October
New energy vehicle (NEV) maker BYD Co. Ltd. (1211.HK, 002594.SZ) said on Sunday that it sold 441,706 vehicles in October, down 12% year-on-year. Its sales of plug-in hybrid vehicles plunged…
BRIEF: Haier Smart Home profit climbs 13% in third quarter
Appliance maker Haier Smart Home Co. Ltd. (6690.HK; 600690.SH; 690D.DE) announcedon Thursday its revenue rose 9.5% year-on-year during the third quarter to 77.56 billion yuan ($10.89 billion), while its net…
BRIEF: African diaper king Softcare to raise up to $300 million in IPO
Leading African diaper seller Softcare Ltd. (2698.HK) launched its Hong Kong IPO on Friday, aiming to sell 90.88 million shares for HK$24.20 to HK$26.20 apiece to raise up to HK$2.38…
BRIEF: Shandong Gold’s profit surges 91% in first three quarters
Gold producer Shandong Gold Mining Co. Ltd. (1787.HK; 600547.SH) announced on Wednesday that its revenue rose 25% year-on-year to 83.78 billion yuan ($11.8 billion) in the first nine months of…
BRIEF: Midea Group posts rising profit and revenue in third quarter
Home appliance manufacturer Midea Group Co. Ltd. (0300.HK, 000333.SZ) said on Wednesday that it’s revenue climbed 10% year-on-year to 111.9 billion yuan ($15.76 billion) in the third quarter, with net profit…
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