BRIEF: Agricultural goods trader Yimutian files for Nasdaq IPO
Yimutian Inc. has filed to list on the Nasdaq, billing itself as China’s largest B2B platform for trading in agricultural products. The company didn’t disclose any fundraising targets in its…
BRIEF: Synagistics eyes major Chinese SaaS acquisition
Southeast Asian e-commerce company Synagistics Ltd. (2562.HK) announced on Monday that it has agreed to acquire 80% or more of a major Chinese software as a service (SaaS) platform, with…
BRIEF: Shein abandons London listing plan, heads to Hong Kong
Online fast fashion retailer Shein has abandoned plans for a London IPO after failing to get approval from China’s securities regulator, Reuters reported on Wednesday, citing sources familiar with the…
BRIEF: PDD profit tumbles, shares sink
Bargain e-commerce platform operator PDD Holdings (PDD.US) reported Tuesday that its first-quarter revenue rose 10% year-over-year to 95.67 billion yuan ($13.2 billion), falling short of market expectations for 101.6 billion…
BRIEF: Jihong surges in Hong Kong trading debut
Shares of cross-border social e-commerce and paper packaging company Xiamen Jihong Co. Ltd. (2603.HK, 002803.SZ) soared in their Hong Kong trading debut on Tuesday, opening 43% higher and continuing to rise…
INDUSTRY BRIEF: China regulators intervene in growing food delivery wars
Regulators have stepped in to try to tamp down a growing price war in China’s takeout dining sector. On the evening of May 13, the State Administration for Market Regulation…
BRIEF: Meituan to enter Brazil with $1 billion investment over five years
Food delivery giant Meituan (3690.HK) announced it will expand its Keeta overseas delivery platform into Brazil, following launches in Hong Kong and Saudi Arabia. The company said Keeta will debut…
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