BRIEF: Yuanbao raises $30 million in Nasdaq IPO
Shares of online insurance distributor Yuanbao Inc. (YB.US) rose 6.4% in their trading debut on the Nasdaq on Wednesday, only to give back all the gains the next day to…
BRIEF: Xpeng’s EV deliveries zoom in April, as Xiaomi’s sag
China's new energy vehicle (NEV) market continued to show strong demand in April, with several makers reporting strong sales gains for the month. Xpeng Motors (XPEV.US; 9868.HK) was one of…
BRIEF: Macao gaming revenue rises year-on-year in April, but dips month-on-month
Macao generated gross gaming revenue of 18.86 billion patacas ($2.35 billion) in April, up 1.7% year-on-year but down 4.1% month-on-month, according to data from the city’s Gaming Inspection and Coordination…
BRIEF: Luckin returns to same-store sales growth in first quarter
Luckin Coffee Inc. (LKNCY.US) said on Tuesday its revenue rose 41.2% year-on-year to 8.87 billion yuan ($1.22 billion) in the first quarter of 2025, as it returned to profitability and…
BRIEF: Daqo remains in the red as first-quarter revenue falls sharply
Polysilicon producer Daqo New Energy Corp. (DQ.US; 688303.SH) announced on Tuesday its revenue plunged 70.2% year-on-year to $123.9 million in the first quarter. It reported a loss of $71.8 million…
BRIEF: Lianhua Supermarket’s Q1 revenue slumps, but profit doubles
Lianhua Supermarket Holdings Co. Ltd. (0980.HK) reported Tuesday that its revenue fell 15% year-over-year to 5.97 billion yuan ($821 million) in the first quarter, while its profit surged 141% to…
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