BRIEF: KWG Group faces liquidation petition
Property developer KWG Group Holdings Ltd. (1813.HK) said on Wednesday that Shandong Sunlight Xin Tiandi Micro-finance Com. Ltd. filed a winding-up petition against the company with Hong Kong’s High Court…
BRIEF: Qudian revenue plunges as it exits last-mile delivery business
Qudian Inc. (QD.US) on Wednesday said its revenue tumbled more than 90% to 3.5 million yuan ($487,000) in the second quarter from 53.3 million yuan a year earlier, as the…
BRIEF: Tencent Music’s profit jumps 43% in second quarter
Online music platform Tencent Music Entertainment Group (TME.US; 1698.HK) saidon Tuesday that its revenue rose 17.9% year-on-year to 8.44 billion yuan ($1.17 billion) in the second quarter, while its net…
BRIEF: Mao Geping’s profit, revenue up more than 30% in first half of 2025
Cosmetics seller Mao Geping Cosmetics Co. Ltd (1318.HK) said on Tuesday it expects to report revenue between 2.57 billion yuan ($358 million) and 2.6 billion yuan for the first half…
BRIEF: Huya reports second quarter of revenue growth
Livestream gaming company Huya Inc. (HUYA.US) on Tuesday reported a second consecutive quarter of revenue growth, ending three years of declines, as strong gains for its newer game-related services offset…
BRIEF: Saimo swings to profit on strong revenue growth in first half of 2025
Intelligent connected vehicle (ICV) simulation testing company Beijing Saimo Technology Co. Ltd. (2571.HK; 300466.SZ) said on Monday it expects to report a net profit of between 200,000 yuan ($27,800) and…
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