BRIEF: Zibuyu’s profit rises more than 30% in first half of 2025
Cross-border e-commerce company Zibuyu Group Ltd. (2420.HK) said on Tuesday its revenue rose 30% or more in the first half of the year, as its brand gained traction and it…
BRIEF: JD.com in talks to acquire German electronics retailer Ceconomy
German electronics retailer Ceconomy (CECG.DE) confirmed on Thursday that it is in talks to be acquired by Chinese e-commerce giant JD.com Inc. (9618.HK, JD.US). According to Reuters, JD.com has offered…
BRIEF: Qunabox raises $41 million in share placement at 17% discount
Vending machine operator Qunabox Group Ltd. (0917.HK) said on Wednesday it placed 3 million new shares at a price of HK$106.60 per share, equal to about 1.14% of its currently…
BRIEF: Taobao launches $7 billion subsidy in instant retail wars
E-commerce giant Alibaba (BABA.US; 9988.HK) announced on Wednesday that its Taobao Flash Sale instant retail platform has launched a 50 billion yuan ($6.97 billion) subsidy program that will run for…
BRIEF: Shein makes confidential filing for Hong Kong IPO
Fast fashion sensation Shein was planning to confidentially file a draft prospectus for a listing on the Hong Kong Stock Exchange by this week, after its earlier bids to list…
BRIEF: Kanzhun to raise up to $288 million via new share sale
Boss Zhipin recruitment platform operator Kanzhun Ltd. (2076.HK; BZ.US) announced on Tuesday that it plans to sell up to 30 million new class A ordinary shares for a maximum of…
BRIEF: S.F. Holding’s revenue rises in May on shopping festival boost
Parcel delivery company S.F. Holding Co. Ltd. (6936.HK; 002352.SZ) said on Thursday its revenue rose 11.3% in May year-on-year to 25.1 billion yuan ($3.5 billion), as a 31.8% jump in…
