Haidilao chairman sells $350 million worth of shares
Restaurant operator Haidilao International Holding Ltd. (6862.HK) said on Wednesday that its founder and Chairman Zhang Yong and his wife Shu Ping sold down their holdings in the company to…
Sales growth lifts JNBY’s annual profit over 10%
Apparel brand JNBY Design Ltd. (3306.HK) on Wednesday reported its revenue rose 9% year-over-year to 6.05 billion yuan ($901 million) in its fiscal year through June 30, as its profit rose 11.7% to 997…
Xunzhong raises $46.8 million through share placement at 19% discount
Chinese cloud services provider Beijing Xunzhong Communication Technology Co. Ltd. (2597.HK) said on Thursday it plans to place 11.19 million new shares at HK$28.20 apiece, representing a 19.43% discount to…
Baozun raises profit target as e-commerce earnings improve, Gap sales accelerate
The company’s core e-commerce profits grew faster than its revenue, while its Gap China unit showed sales momentum and value as a strategic testing ground By Da Cheung Baozun Inc. (BZUN.US;…
Waterdrop revenue jumps, but profit falls on swelling marketing expenses
Insurance services provider Waterdrop Inc. (WDH.US) on Tuesday reported its revenue jumped 72.8% year-on-year to 1.45 billion yuan ($216 million) in the second quarter, driven by improvements in its risk…
KWG’s August sales plunge as offshore debt restructuring advances
Property developer KWG Group Holdings Ltd. (1813.HK) said on Tuesday that presales by the company, its joint ventures and associates fell 73.6% year-on-year to 161 million yuan ($24 million) in…
