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Fast News

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…
May 20, 2025
3750.HK 300750.SHE

BRIEF: Stimulus policies fuel 54.6% jump in Qifu’s quarterly profit

Online lending services provider Qifu Technology Inc. (QFIN.US; 3660.HK) reported on Monday its revenue rose 12.94% year-on-year to 4.69 billion yuan ($653 million) in the first quarter. Its net profit…
May 20, 2025
3660.HK QFIN.US
Daqo is a new energy company

INDUSTRY BRIEF: Polysilicon makers slash output to 30-40% of capacity

Chinese polysilicon makers have slashed their output and are currently operating at less than 40% of capacity, as they struggle to cut their losses from selling product at less below…
May 19, 2025
DQ.US 688303.SHG

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…
May 19, 2025
2512.HK

BRIEF: Jihong Group seeks up to $93 million in Hong Kong IPO

Cross-border social e-commerce and paper packaging company Xiamen Jihong Co. Ltd. (2603.HK, 002803.SZ) launched its Hong Kong IPO on Monday, aiming to sell 67.91 million shares priced between HK$7.48 and…
May 19, 2025
2603.HK 002803.SHE
Green Tea group runs restaurants

NEWS WRAP: Green Tea Group slumps on Hong Kong trading debut

The restaurant operator’s shares fell 5.6% in their first half-day of trade, as investors worried about weak consumer sentiment in China    By Doug Young Shares of restaurant operator Green…
May 16, 2025
6831.HK
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