Linklogis stuck in China’s real estate slump
Transactions on the company’s supply chain financing platforms grew just 7% in the first quarter as it failed to reduce its reliance on property-related customers Key Takeaways: Transactions on Linklogis’…
Nanhua Futures steps up global journey with Hong Kong listing plan
The company’s planned Hong Kong IPO would complement its current Shanghai listing, and is part of efforts to advance its globalization strategy Key Takeaways: Nanhua Futures has filed to list…
Webull’s charge from IPO gate looks unsustainable as China risks hover
The online stockbroker’s shares surged following a backdoor listing, but its China ties and growing economic uncertainty could be major risks Key Takeaways: Webull shares soared 375% on the second…
Undervalued CICC banks on Hong Kong IPO pickup
China’s largest underwriter of Hong Kong listings helped its clients to raise $3.84 billion last year, as it reportedly gets set to sponsor another blockbuster IPO by battery giant CATL…
Canaan builds up bitcoin mining in quest to emerge from crypto no man’s land
The cryptocurrency mining machine maker missed a market boom last year, and is ramping up its own bitcoin production just as the sector shows signs of stumbling Key Takeaways: Canaan…
A fintech lender rebound, and a hotel mess
Fintech lenders are entering a new golden era, with Jiayin reporting 46% growth for its core consumer lending business in last year's fourth quarter and forecasting similar gains this year. What's driving this rebound? And hotelier H World is still trying to fix a German acquisition from 2019 that wiped out its profit in the fourth quarter of last year. Will the Chinese hotelier be able to turn around this money-losing offshore asset?
Jiayin cashes in on China’s efforts to boost consumer spending
The fintech lender’s revenue from its main business jumped in last year’s fourth quarter as China rolled out a series of measures to stimulate its economy Key Takeaways: Jiayin’s revenue…
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