BRIEF: Jingdong Industrials launches $420 million Hong Kong IPO
Jingdong Industrials Inc. (7618.HK), the industrial supply chain services arm of JD.com (9618.HK; JD.US), launched its Hong Kong IPOon Wednesday, offering 211 million shares for HK$12.70 to HK$15.50 per share.…
BRIEF: Quantgroup shares double in popular but miniscule Hong Kong IPO
Shares of online consumer website operator Quantgroup Holding Ltd. (2685.HK) opened up 165% in their Hong Kong trading debut on Thursday, and held on to much of the gains to…
BRIEF: Baozun’s operating profit narrows as e-commerce unit returns to the black
E-commerce software provider Baozun Inc. (BZUN.US; 9991.HK) on Tuesday reported its revenue rose in the third quarter, as its core e-commerce services returned to profitability and losses narrowed for its…
BRIEF: ZTO’s profit rises 5% as company cuts full-year volume guidance
Logistics provider ZTO Express (Cayman) Inc. (ZTO.US; 2057.HK) reported on Wednesday that its revenue rose 11.1% year-on-year in the third quarter to 11.9 billion yuan ($1.67 billion), while its net…
BRIEF: Kanzhun’s profit rises 67% in third quarter on hiring rebound
Boss Zhipin recruitment platform operator Kanzhun Ltd. (2076.HK; BZ.US) reported strong third-quarter results on Tuesday, fueled by recovering hiring activity and improved commercialization efficiency. The company’s revenue for the three months through…
BRIEF: Shein opens first Paris store as it faces online ban in France
Fast-fashion giant Shein opened its first physical store in Paris, located inside the BHV Marais department store, on Nov. 5 — the same day its website was threatened with suspension…
NEWS WRAP: Alibaba to roll Ele.me into newer Taobao Instant Commerce
The e-commerce giant will retire the meal delivery brand more than a decade after Ele.me revolutionized the sector using GPS location-based technology By Doug Young E-commerce giant Alibaba Group Holding…
