Waterdrop revenue jumps, but profit falls on swelling marketing expenses
Insurance services provider Waterdrop Inc. (WDH.US) on Tuesday reported its revenue jumped 72.8% year-on-year to 1.45 billion yuan ($216 million) in the second quarter, driven by improvements in its risk…
KWG’s August sales plunge as offshore debt restructuring advances
Property developer KWG Group Holdings Ltd. (1813.HK) said on Tuesday that presales by the company, its joint ventures and associates fell 73.6% year-on-year to 161 million yuan ($24 million) in…
Excelland Robotics leaps in trading debut despite tepid international interest
Shares of robotics manufacturer Excelland Robotics (Wuxi) Co. Ltd. (3231.HK) opened 142% above their IPO price in their trading debut on Wednesday, and climbed through the morning session to end…
China domestic car sales sink in August, as exports continue to surge
Car sales in China fell 23.7% in August, as manufacturers continued to aggressively sell their vehicles abroad to offset the weakness at home. Chinese carmakers sold 1.55 million vehicles during…
Pateo Connect to raise $75 million in third share sale this year
Smart cockpit and connected-vehicle solutions provider Pateo Connect Technology (Shanghai) Corp. (2889.HK) announced on Tuesday it plans to place up to 4.89 million new shares to raise about HK$578 million…
Longfor’s sales plummet over 50% through August
Property developer Longfor Group Holdings Ltd. (0960.HK) on Monday reported it logged 20.84 billion yuan ($3.1 billion) in contracted sales during the first eight months of the year, plunging 54%…
