Zhihu to invest $223 million in AI fund
Online content community operator Zhihu Inc. (ZH.US; 2390.HK) said on Sunday it has agreed to invest 1.5 billion yuan ($223 million) in Tianjin Lisi Xingshen Equity Investment Partnership, a fund…
Baige Online’s MaaS revenue jumps nearly 5.8 times through August
Internet insurance technology services provider Baige Online Digital Technology Co. Ltd. (2672.HK) announced on Sunday that revenue from its Model-as-a-Service (MaaS) business reached about 47.4 million yuan ($7.06 million) in…
Medcaptain plunges in trading debut for heavily oversubscribed IPO
Medical device maker Shenzhen Medcaptain Technology Co. Ltd. (2041.HK) plunged in its Hong Kong trading debut on Monday, opening 35% lower before stabilizing to close at HK$10.10 by the midday…
Tencent Music to issue $1 billion in senior unsecured notes
Online music platform Tencent Music Entertainment Group (TME.US; 1698.HK) said on Friday it plans to issue $1 billion in senior unsecured notes, consisting of $500 million of 5.05% notes due…
SmarTone’s profit rises 10%
Hong Kong wireless carrier SmarTone Telecommunications Holdings Ltd. (0315.HK) on Thursday announced its revenue rose 6% year-over-year to HK$6.6 billion ($846 million) in its fiscal year through June, while its…
Yatsen’s revenue rises, but loss widens on heavy marketing spending
Yatsen Holding Ltd. (YSG.US) on Wednesday reported its revenue rose 5.1% year-on-year in the second quarter to 1.14 billion yuan ($170 million), as strong double-digit gains for its skincare products…
