BRIEF: WH Group to sell down Smithfield stake
Pork producer WH Group Ltd. (0288.HK) announced on Wednesday that its wholly owned SFDS UK Smithfield unit will sell 16 million shares of its U.S.-based Smithfield Foods Inc. (SFD.US) subsidiary…
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 https://youtu.be/4XDOwHwZ-cI By Doug Young Premium tea…
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…
