NEWS WRAP: Hesai hits 2025 profit target one quarter ahead of schedule
The global leader in LiDAR solutions reported a record 256 million yuan profit in the third quarter, as its revenue and shipments grew significantly during the period By Teri…
NEWS WRAP: MediTrust Health says AI to empower better decision-making for insurers
The healthcare payor platform’s founder and CEO Seth Zhang said AI can help insurance companies boost their efficiency, but achieving consistent accuracy is a key obstacle By Doug Young…
BRIEF: CPE to invest $350 million to take control of Burger King China
Fast food giant Burger King’s parent, Restaurant Brands International (QSR.US), and Chinese private equity firm CPE announcedon Monday that they will form a joint venture, Burger King China, aimed at…
BRIEF: CR Land approved to issue up to $3.9 billion in notes
Real estate developer China Resources Land Ltd. (1109.HK) said on Monday it has been approved by the Hong Kong Stock Exchange to issue up to $3.9 billion in medium-term notes…
BRIEF: U.K. probes Yutong electric buses for remote shut down capabilities
The U.K. government is investigating whether hundreds of Chinese-made electric buses could be remotely deactivated, highlighting Britain’s growing concerns over “made in China” high-tech products. According to the Financial Times,…
BRIEF: Softcare jumps in trading debut in heavily oversubscribed IPO
Shares of leading African diaper seller Softcare Ltd. (2698.HK) opened 33.5% higher in their Hong Kong trading debut on Monday, and retained most of the gains to close up 31.5% at…
