Cango takes ‘Mine and Hold’ strategy in its young bitcoin business
The auto trader-turned-bitcoin miner has minted 2,944.8 bitcoins since entering the business last November, but has yet to sell any of those despite recent market volatility Key Takeaways: Cango owned…
Fuiou may enjoy policy tailwind on ride to Hong Kong IPO
The payment services provider looks well-positioned to benefit from China’s consumption-boosting policies as it seeks to list Key Takeaways: Hong Kong IPO candidate Fuiou could get a lift from China’s…
Uber’s Chinese robotaxi romance, and Webull’s strong debut
Uber has signed new alliances with Chinese robotaxi operators Momenta and Pony AI, and fortified an existing partnership with WeRide. Why the sudden embrace of Chinese robotaxis? And Webull's stock has charged from the gate with massive gains following its SPAC listing. What's driving this company, which is an unusual hybrid of a U.S.-based business with strong China ties?
Fosun International sheds real estate assets in Portugal
On a mission to shrink its international footprint and contain debt, the conglomerate has sold off property holdings in what was a key European base Key Takeaways: The building units…
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…
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