FAST NEWS: GDS narrows losses, but gross margin keeps shrinking
The latest: Independent data center operator GDS Holdings Ltd. (GDS.US; 9698.HK) reported on Wednesday its revenue rose 9.9% to 2.4 billion yuan ($348 million) in last year’s fourth quarter. Its…
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FAST NEWS: Chindata Sees Big Demand for $300 Million Note Sale
The latest: Data center operator Chindata Group Holdings Ltd. (CD.US) announced on Thursday it has priced its offer of $300 million worth of senior notes due in 2026. The notes…
FAST NEWS: Hesai Makes Biggest U.S. IPO by Chinese Firm Since 2021
The latest: Light detection and ranging (LiDAR) technology maker Hesai Group (HSAI.US) made its IPO trading debut on Thursday, upping Structure Therapeutics Inc. (GPCR.US), which went public on Feb. 3,…
FAST NEWS: Huadi Signs Strategic Agreement With Key PetroChina Contractor
The Latest: Stainless steel pipe maker Huadi International Group Co. Ltd. (HUDI.US) said on Thursday it has signed a strategic partnership agreement with a key construction contractor of China National…
FAST NEWS: Tianqi Lithium Forecasts Huge Profit Jump for 2022
The Latest: Tianqi Lithium Corp. (9696.HK; 002466.SZ) announced on Wednesday it expects to report its net profit soared between 1,011% and 1,131% to between 23.1 billion yuan ($3.4 billion) and…
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: TuSimple, Navistar Terminate Co-Development Deal
The Latest: Autonomous truck technology company TuSimple (TSP.US) said on Tuesday it has terminated its partnership with Navistar, a maker of commercial trucks and buses.Looking Up: TuSimple said termination of…
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FAST NEWS: Baozun shares tumble as quarterly revenue declines
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