BRIEF: EHang revenue plunges in first quarter, explores second listing
EHang Holdings Ltd. (EH.US) on Monday reported its revenue plunged in the first quarter, as it sold just 11 of its autonomous aerial vehicles it is trying to commercialize after…
BRIEF: Zijin’s Kamoa copper mine halts production after seismic events
Zijin Mining Group Co. Ltd. (2899.HK; 601899.SH) announced last Friday its Kamoa-Kakula copper mine, located in the Democratic Republic of Congo (DRC), has suspended underground operations in its Kakula section…
BRIEF: Tuya swings to profit as premium client base expands
Internet of things (IoT) platform operator Tuya Inc. (TUYA.US; 2391.HK) reportedon Tuesday its revenue rose 21.1% year-on-year in the first quarter to $74.7 million. Its gross margin improved by 0.7…
BRIEF: CATL jumps in trading debut as Hong Kong’s biggest IPO this year
Shares of electric vehicle (EV) battery maker Contemporary Amperex Technology Co. Ltd. (CATL) (3750.HK; 300750.SZ) opened up 12% from their IPO price in their Hong Kong trading debut on Tuesday, and continued…
BRIEF: Cloud Factory chairman to sell up to 15% stake
Cloud Factory Technology Holdings Ltd. (2512.HK), a provider of internet data center services, announced on Monday that its chairman and CEO plans to sell up to 69 million of his…
BRIEF: WeRide launches 24-hour robotaxi service in Guangzhou
Robotaxi operator WeRide (WRD.US) on Wednesday said it launched China’s first 24-hour robotaxi network covering the core areas of a major tier-one city, starting with eight pilot routes in downtown…
BRIEF: Zhejiang Sanhua gets CSRC nod for Hong Kong IPO
The Chinese securities regulator approved Zhejiang Sanhua Intelligent Controls Co. Ltd.’s (002050.SZ) application to list in Hong Kong, clearing an important regulatory hurdle for the refrigerator and air condition component…
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