INDUSTRY BRIEF: Xiaomi surges to take top spot in China smartphone market
China’s smartphone shipments rose 3.3% in this year’s first quarter, as domestic brand Xiaomi (1810.HK) surged by nearly 40% year-on-year to become the market leader, according to data published on…
BRIEF: Meituan launches $13.7 billion subsidy to support merchants, consumers
Meituan (3690.HK) has pledged to invest 100 billion yuan ($13.7 billion) in the restaurant industry over the next three years, focusing on consumer subsidies, merchant support, incentives for high-quality restaurant…
BRIEF: Kingsoft convertible bondholders exercise partial conversion
Software developer Kingsoft Corp. Ltd. (3888.HK) said on Tuesday that holders of its maturing one-year convertible bonds exercised partial conversion rights to receive 10.12 million shares, representing about 0.75% of…
BRIEF: Duality Biotherapies surges in Hong Kong trading debut
Shares of biotech firm Duality Biotherapeutics Inc. (9606.HK) opened up 91% at HK$181 on Tuesday and continued to climb in their Hong Kong trading debut, closing up 127% at HK$214.80…
BRIEF: Shandong Gold logs strong first-quarter profit growth
Gold producer Shandong Gold Mining Co. Ltd. (1787.HK; 600547.SH) announced on Monday that it expects to report a first-quarter net profit of 950 million yuan ($130 million) to 1.13 billion…
BRIEF: Shein London IPO approved by British financial regulator
Britian’s financial regulator has approved a London Stock Exchange listing by Shein, bringing the online fast fashion retailer one step closer to its long-awaited goal of becoming a publicly listed…
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