Futu layoffs signal new phase of consolidation after rapid expansion
The company reportedly laid off about 200 people at its main base in Shenzhen, as it prepares to be ‘relatively disciplined’ in 2025 Key Takeaways: Futu has laid off about…
Noah’s development arc takes overseas turn as life at home only gets tougher
The asset management firm’s overseas revenue growth partially offset a decline in its core domestic business in the third quarter Key Takeaways: Noah’s overseas revenue grew 29% year-on-year in the…
Boyaa Interactive hitches a ride on bitcoin
In a climate where most companies are suffering from China’s economic slowdown, Boyaa’s crypto bets helped it deliver a glowing report for the first nine months of this year Key…
Sunshine tries out asset leasing as insurance demand cools
The insurer has agreed to invest in a financial leasing company owned by Legend Holdings in an attempt to diversify its businesses Key Takeaways: Sunshine Insurance will acquire 39.9% of…
BitFuFu makes big gains as cryptocurrency booms
Revenue for the provider of digital mining services jumped 47.5% in the third quarter on strong gains for its core cloud-mining services, as well as its self-mining business Key Takeaways:…
CICC Probed by Regulator, and Huawei Trials New Harmony OS
CICC has been fined for its lax due diligence with IPO candidate S2C. And Huawei beta tests the latest rendition of its Harmony smartphone operating system. By Doug Young &…
Linklogis appears to build shaky house on lower fees for suffering customers
The supply chain financing services provider reported growing transactions in the first nine months of this year, but remains heavily exposed to China’s sagging property market Key Takeaways: Linklogis reported…
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