Ecarx loss widens on soaring memory prices
Digital cockpit maker Ecarx Holdings Inc. (ECX.US) on Wednesday reported its revenue rose 10% year-on-year to $241 million in the third quarter, but its loss widened considerably due to rising…
Café de Coral’s profit doubles as store overhaul pays off
Hong Kong fast-food leader Café de Coral Holdings Ltd. (0341.HK) on Wednesday forecast it would post a profit of HK$95.8 million to HK$105.2 million ($15.75 million) for the six months…
Industry tailspin sends Autohome’s profit, revenue into reverse
Auto trading services provider Autohome Inc. (2518.HK; ATHM.US) on Wednesday reported its revenue dropped 26% year-over-year to 1.32 billion yuan ($196 million) in the third quarter, while its profit dived 53% to…
Direct Drive forms partnership with South Korea’s Everybot
Robotics technology company Direct Drive Tech Ltd. (6731.HK) said on Tuesday that it has formed a strategic partnership with South Korean robotic mop maker Everybot Inc. (270660.KS) to jointly develop…
Luckin adds 2,599 stores in third quarter as profit climbs 45%
Coffee chain Luckin Coffee Inc. (LKNCY.US) reported on Tuesday that its revenue rose 17% year-on-year to 17.89 billion yuan ($2.67 billion) in the third quarter, while its net income increased…
Shoucheng subscribes to Alibaba-linked CICC Cainiao REIT
Smart infrastructure investor Shoucheng Holdings Ltd. (0697.HK) said on Tuesday that it has invested in the CICC Cainiao REIT (180307.SZ), without disclosing the specific amount. The company said that the investment…
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