BRIEF: Many Idea Cloud launches 1-for-6 rights issue at 22% discount
Marketing solutions provider Many Idea Cloud Holdings Ltd. (6696.HK) announced on Thursday that it plans to raise up to HK$274 million ($35 million) through a 1-for-6 rights issue. It set…
NEWS WRAP: J&T Express posts revenue, profit gains as Southeast Asia unit booms
The logistics company handled around 14 billion parcels in the first half of this year, with strong growth in Southeast Asia and new markets in South America, Africa and the…
BRIEF: Vipshop forecasts potential return to revenue growth in third quarter
Discount e-commerce company Vipshop Holdings Ltd. (VIPS.US) last Thursday reported a fifth consecutive quarter of falling revenue, as it moved to reassure investors by saying its situation was stabilizing and…
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…
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