BRIEF: Luk Fook’s revenue, same-store sales fall in March quarter
Jewelry store operator Luk Fook Holdings (International) Ltd. (0590.HK) said last Thursday its retailing revenue fell 1% in the three months to March year-on-year, while its same-store sales fell 10%…
BRIEF: PCB equipment maker Han’s CNC plans Hong Kong listing
Shenzhen-listed PCB equipment maker Shenzhen Han’s CNC Technology Co. Ltd. (301200.SZ) announced on Monday it plans to seek a listing on the Hong Kong Stock Exchange to enhance its competitiveness…
INDUSTRY BRIEF: Temu and Shein slash U.S. ad spending, warn of price hikes
Chinese-linked e-commerce operators Shein and Temu are slashing their U.S. advertising spending and warning customers of imminent price hikes as the U.S. gets set to start collecting import tariffs on…
BRIEF: TSMC’s profit jumps in first quarter, unaffected by tariff impact
Taiwan Semiconductor Manufacturing Co. Ltd. (TSM.US; 2330.TW) reported on Thursday its revenue reached T$839.25 billion ($25.53 billion) in the first quarter, up 35.3% year-on-year. Its net profit rose for the…
NEWS WRAP: Chagee raises $411 million in Nasdaq IPO
The listing was the first in the U.S. by a Chinese premium tea drink maker, which prides itself on the simplicity of its products and focus on the country’s ancient…
BRIEF: China gives nod for Smart Logistics Global’s Nasdaq IPO
Business-to-business logistics company Smart Logistics Global Ltd.’s plan to list in the U.S. was formally registered by China’s securities regulator, paving the way for its Nasdaq IPO. According to the…
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