FAST NEWS: Lufax swings to loss as new lending tumbles
The latest: Lufax Holding Ltd. (LU.US), the largest of China’s private online loan facilitators, reported its revenue fell 22% to 12.32 billion yuan ($1.79 billion) in the fourth quarter, while…
LU.US
FAST NEWS: Drug companies say they’re unaffected by Silicon Valley Bank failure
The latest: Several Hong Kong-listed pharmaceutical companies disclosed that they have deposits at U.S.-based Silicon Valley Bank (SVB), which was taken over by the Federal Deposit Insurance Corp. (FDIC) last…
BGNE.US
6160.HK
FAST NEWS: China Renaissance Says Chairman’s Disappearance Due to Assistance in Investigation
The latest: Venture capital firm China Renaissance Holdings Ltd. (1911.HK) said on Sunday it has ascertained that its chairman and controlling shareholder Bao Fan, who disappeared two weeks ago, is currently…
1911.HK
FAST NEWS: Nisun Revenue Triples on Addition of Supply Chain Trading Business
The Latest: Supply chain services provider Nisun International Enterprise Development Group (NISN.US) on Wednesday reported its third-quarter revenue tripled year-on-year to $110 million. Its net income for the period rose…
FAST NEWS: Investors Unsure as Sunshine Insurance Makes Trading Debut
The latest: Sunshine Insurance Group Co. Ltd. (6963.HK) made its trading debut in Hong Kong on Friday, becoming the first new Chinese insurer to go public in four years. Its…
FAST NEWS: Cost Reductions Help KE Holdings Return to Profits
The latest: Residential real estate broker KE Holdings Inc. (BEKE.US; 2423.HK) reported on Wednesday its revenue fell 2.8% year-on-year in the third quarter to 17.6 billion yuan ($2.45 billion), as it returned to the…
FAST NEWS: OneConnect Cashes Out of Non-core Business
The latest: Financial technology service provider OneConnect Financial Technology Co. Ltd. (OCFT.US; 6638.HK) on Thursday said it sold its 40% stake in Puhui Lixin to Puhui Management, a company principally…
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Kanzhun cranks up spending, even as others tighten belts
BZ.US
2076.HK
FAST NEWS: Baozun shares tumble as quarterly revenue declines
BZUN.US
9991.HK
