BRIEF: JD.com Paris warehouse burglarized in major robbery
Thieves stole thousands of items worth millions of dollars from a Paris warehouse owned by e-commerce giant JD.com Inc. (JD.US; 9618.HK), Caixin reported on Wednesday. JD.com confirmed the theft and…
BRIEF: Ubtech to acquire 43% of Fenglong Electric for $237 million
Robotics company Ubtech Robotics Corp. Ltd. (9880.HK) announced on Wednesday that it will acquire 43% of Shenzhen-listed Zhejiang Fenglong Electric Co. Ltd. (002931.SZ) for a total consideration of about 1.67…
BRIEF: Kuaishou temporarily halts livestreaming service after attack
Online video site Kuaishou Technology (1024.HK) said on Tuesday the livestreaming function on its app was attacked around 10 p.m. the previous day, forcing it to shut down the service.…
BRIEF: Hipine profit jumps on strong jewelry sales, improved watch margins
Gold watch maker Shenzhen Hipine Precision Technology Co. Ltd. (2583.HK) announced on Tuesday that its profit totaled more than 90 million yuan ($12.8 million) for the 11 months through November,…
BRIEF: China Jinmao disposes of Sanya Ritz-Carlton
Property developer China Jinmao Holdings Group Ltd. (0817.HK) said on Tuesday it disposed of its Ritz-Carlton Sanya Yalong Bay on South China’s Hainan Island through an asset securitization deal valuing the resort…
BRIEF: MiniMax cleared by China’s securities regulator for Hong Kong IPO
AI company MiniMax Group Inc. was cleared by China’s securities regulator on Monday for a Hong Kong IPO, just days after it passed its listing hearing with the Hong Kong…
