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Infrastructure/Resources – FastNews

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…
March 16, 2023
9698.HK GDS.US

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…
February 17, 2023

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,…
February 10, 2023

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…
January 20, 2023

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…
January 19, 2023

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…
December 29, 2022

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…
December 7, 2022
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