Xiaohongshu to file confidentially for Hong Kong IPO this month
Lifestyle platform Xiaohongshu, also known as RedNote, is preparing to confidentially file for a Hong Kong listing by the end of this month, with an aim to completing the IPO…
Hong Kong Technology Venture’s May transactions up over 20%
Hong Kong Technology Venture Company Ltd. (1137.HK), operator of the HKTVmall online shopping platform, on Thursday reported its monthly gross merchandise volume (GMV) reached HK$827 million ($106 million) in May,…
BRIEF: HC Group to delist Beijing Panpass unit from NEEQ
B2B e-commerce platform operator HC Group Inc. (2280.HK) said last Friday that its Beijing Panpass subsidiary will apply to delist from the thinly traded NEEQ exchange in Beijing and will…
BRIEF: PDD revenue rises 11% as transaction services overtakes online marketing
E-commerce company PDD Holdings Inc. (PDD.US) on Wednesday reported its revenue rose 11% year-on-year in the first quarter to 106.2 billion yuan ($15.7 billion). But its quarterly profit fell 15%…
BRIEF: JD.com explores bid for Britain’s The Very Group
E-commerce giant JD.com Inc. (JD.US; 9618.HK) is exploring a bid to acquire British peer The Very Group for about 2 billion pounds ($2.7 billion) from private equity giant Carlyle, its…
BRIEF: Baozun loss narrows as Gap China growth lifts revenue
Brand manager and e-commerce services provider Baozun Inc. (BZUN.US; 9991.HK) announced on Wednesday that its revenue rose 15.3% year-on-year to 2.38 billion yuan ($350 million) in the first quarter, as…
BRIEF: Kanzhun revenue, profit rise in first quarter on growing penetration
Kanzhun Ltd. (2076.HK,BZ.US), operator of the Boss Zhipin online recruitment platform, on Wednesday reported its revenue rose 7.6% year-on-year to 2.07 billion yuan ($304 million) in the first quarter, while…
