BRIEF: Autohome slashes headcount as revenue sags
Car-trading services provider Autohome Inc. (ATHM.US; 2518.HK) on Thursday reported its revenue slumped 10% in the first quarter, as the company cut about a fifth of its workforce over the…
BRIEF: Baidu’s Apollo partners with CAR Inc. on autonomous vehicle rentals
Baidu Inc.’s (BIDU.US; 9888.HK) Apollo autonomous driving platform said on Thursday it has signed a deal to jointly launch China’s first autonomous vehicle rental service in a new partnership with…
BRIEF: Green Tea launches $156 million IPO, backed by eight cornerstone investors
Restaurant operator Green Tea Group Ltd. (6831.HK) launched its Hong Kong IPO on Thursday, aiming to sell 168 million shares priced at HK$7.19 each to raise about HK$1.21 billion ($156…
BRIEF: Bud APAC’s revenue falls 7.5% in first quarter, dragged down by China
Budweiser Brewing Co. APAC Ltd. (1876.HK) on Thursday said its revenue fell 7.5% year-on-year to $1.46 billion in the first quarter, as solid growth in most markets failed to offset…
BRIEF: Drinda New Energy rises in Hong Kong trading debut
Shares of solar cell maker Hainan Drinda New Energy Technology Co. Ltd. (2865.HK; 002865.SZ) rose in their Hong Kong trading debut on Thursday, opening at HK$22.20, up 0.2% from their…
BRIEF: Auntea Jenny surges in Hong Kong trading debut
Shares of bubble tea chain operator Auntea Jenny (Shanghai) Industrial Co. Ltd. (2589.HK) opened at HK$190.60 in their Hong Kong trading debut on Thursday, up 68% from their IPO price…
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