VIDEO BRIEF: Toys for grown-ups, inside China’s $15 billion collectible toy boom
Last year alone, collectors worldwide spent nearly 2 billion US dollars on blind boxes from Chinese collectible toy sensation POP MART. That fueled a sales explosion that lit a fire…
9992.HK
0325.HK
Huge Dental hopes Hong Kong smiles on its latest listing attempt
The dental products and materials maker derives 70% of its revenue from China, but plans to use IPO proceeds for a new production base in Indonesia Key Takeaways: Huge Dental…
Its bitcoin bet behind it, can Meitu find sustained profits in its beauty business?
The beauty software maker has sold all its cryptocurrency holdings and plans to use the profits for business development and a special dividend Key Takeaways: Meitu has sold off the…
1357.HK
Hoping for better luck, HK stocks enter the Year of the Dragon
The Hang Seng Index plunged 28.6% in the year of the rabbit, hurt by China’s slow economic recovery and simmering tensions with the United States. Investors will be looking for…
9988.HK
0388.HK
Baiwang eyes Hong Kong IPO to support its money-hungry loan facilitation business
The Chinese provider of cloud-based services has found a niche by helping micro and small enterprises analyze their tax and other financial big data Key Takeaways: Baiwang has filed for…
PODCAST: Japanese Auto Cuts, and a Drugmaker's Fall
By Doug Young & Rene Vanguestaine Nissan and Honda weigh major cuts of up to 30% in their China car production. What's driving the trend, and is it likely to…
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IPO 
Dongshan Precision offers investors an acquisitive, but debt heavy, tech component play
After moving from its original sheet metal processing business into PCBs through acquisitions, the company has filed for a Hong Kong IPO to complement its existing Shenzhen listing Key Takeaways:…
002384.SHE
Five millennials’ robotic dream heads for capital market with CRP listing bid
Industrial robot specialist CRP Robot Technology is the latest from its class rushing to make a Hong Kong IPO, hoping to seize on a recent craze for robotic stocks Key…
Deltaphone plans Hong Kong IPO amid clearing path to profitability
The AIoT solutions provider, whose investors include China Merchants Group, switched its sights to Hong Kong after previously filing to list in the domestic A-shares market Key Takeaways: Deltaphone Technology…
BenQ BM takes pulse of hot Hong Kong market with new IPO bid
The private hospital operator has filed again for a Hong Kong listing, offering uninspired financials to investors after two unsuccessful attempts since last year Key Takeaways: Private hospital operator BenQ…
New Energy 
From green energy to property woes, China turns to financial engineering
Solar and wind farm builder Xinte announces plans to start collateralizing its assets using asset backed securities. And China International Travel is spinning off its real estate business.
1799.HK
0308.HK
Xinte to spread clean power building burden using asset backed securities
The polysilicon producer and green power farm operator plans to issue ABS backed by two of its wind power projects, which will be traded on the Shanghai Stock Exchange Key…
1799.HK
Nasdaq gets tough on small Chinese IPOs, as an AI-fueled energy storage boom takes off
For a market that basically prides itself on protecting investors… I have to say I'm amazed that it has taken so long.
PREMIUM CONTENT
Consumer 
Luckin Coffee eyes global leap as China’s Double 11 loses its luster
Luckin could be preparing a bid for Costa Coffee. What's driving this potential deal, and what are its chances for success? And this year's Double 11 festival looks like a dud, with most big e-commerce companies failing to publish any big numbers. What does the future hold for this fast-fading shopping fest?
Can So-Young find new youth in bricks and mortar?
The cosmetic surgery specialist’s top line is growing as it opens new ‘light medical aesthetic’ clinics, but its bottom line is sagging as its older platform business evaporates Key Takeaways:…
SY.US
Yum China turns to new concepts, diversified markets in accelerated growth roadmap
The operator of KFC and Pizza Hut restaurants in China aims to operate 30,000 stores by 2030, up more than 70% from current levels, it said at its recent investor…
9987.HK
Luckin eyes new challenge to Starbucks with potential Costa bid
China’s leading coffee chain is reportedly in discussions with one or more banks for a $900 million loan to finance a bid for the British coffee chain, which is being…
Vaping leader RLX wins over skeptics with global diversification
The company reported that more than 70% of its third-quarter revenue came from outside its challenging home China market Key Takeaways: Acquisitions in Asia and Europe lifted RLX’s revenue by…
RLX.US
Healthcare/biotech 
CSPC feels the pain from sweeping cuts in drug prices
The pharmaceutical giant is paying the price for its aggressively low bids in China’s centralized drug tenders, as it shifts its focus from traditional to novel drugs Key Takeaway: The…
1093.HK
Genuine Biotech takes third shot at IPO as financial pressures mount
Demand for the company’s core product has long since faded, and sales for the product took an additional hit after the termination of a distribution partnership with Fosun Pharma Key…
China’s corporate pivots: Alibaba’s food delivery gambit and WuXi AppTec’s geopolitical hedge
Alibaba will retire the Ele.me takeout dining brand and merge it with its newer Taobao Instant Commerce. What's driving the move? And WuXi AppTec is the latest Chinese major to jump on the Middle Eastern bandwagon, with plans to potentially open a new center in Saudi Arabia. Why are a growing number of Chinese companies taking the Middle Eastern plunge?
BABA.US
2359.HK
BenQ BM takes pulse of hot Hong Kong market with new IPO bid
The private hospital operator has filed again for a Hong Kong listing, offering uninspired financials to investors after two unsuccessful attempts since last year Key Takeaways: Private hospital operator BenQ…
Finance 
Qfin goes from fintech stud to dud as new regulations kick in
The online loan facilitator posted weak third-quarter results and was downbeat on the final three months of the year, contrasting with a strong finish to 2024 Key Takeaways: Qfin’s revenue…
U.S. listings by Chinese firms face mounting challenges on both sides of Pacific
While new Nasdaq rules threaten to derail many smaller U.S. listings by Chinese companies, China’s securities regulator is also stepping up its scrutiny of such listings Key Takeaways: China’s securities…
Citic Securities in equity sweet spot as investors flock to Chinese stocks
China’s largest brokerage reported big jumps in its revenue and profit during the third quarter amid a bull run in Chinese stocks and a wave of Hong Kong IPOs Key…
6030.HK
600030.SHG
Capital Securities offers limited value in crowded brokerage field
The company aims to become China's 14th dual-listed brokerage with its planned Hong Kong IPO, even though its small size could dampen its appeal Key Takeaways: Capital Securities has filed…
601136.SHG
Ecommerce 
Luckin Coffee eyes global leap as China’s Double 11 loses its luster
Luckin could be preparing a bid for Costa Coffee. What's driving this potential deal, and what are its chances for success? And this year's Double 11 festival looks like a dud, with most big e-commerce companies failing to publish any big numbers. What does the future hold for this fast-fading shopping fest?
Can So-Young find new youth in bricks and mortar?
The cosmetic surgery specialist’s top line is growing as it opens new ‘light medical aesthetic’ clinics, but its bottom line is sagging as its older platform business evaporates Key Takeaways:…
SY.US
With so many new IPOs, Quantgroup looks better left for high-risk investors
The operator of the Yangxiaomie lifestyle platform has filed to list in Hong Kong – its seventh such attempt – hoping it can succeed in the current hot market Key…
Jingdong Industrials’ stalled Hong Kong IPO clears key hurdle
The listing plan by China’s leading B2B marketplace for industrial buyers has received a green light from the country’s securities regulator Key Takeaways: Jingdong Industrials has received the regulatory nod…
AI/Infrastructure/Resources 
GDS bets on new AI cycle while balancing expansion, deleveraging
The data center operator has begun listing its real estate assets to pay down debt as it races to capitalize on growing demand for AI computing Key Takeaways: Data center…
9698.HK
GDS.US
Dongshan Precision offers investors an acquisitive, but debt heavy, tech component play
After moving from its original sheet metal processing business into PCBs through acquisitions, the company has filed for a Hong Kong IPO to complement its existing Shenzhen listing Key Takeaways:…
002384.SHE
Five millennials’ robotic dream heads for capital market with CRP listing bid
Industrial robot specialist CRP Robot Technology is the latest from its class rushing to make a Hong Kong IPO, hoping to seize on a recent craze for robotic stocks Key…
China Int’l Development ditches leather for power semiconductors
The leather goods maker has signed an MOU to acquire power semiconductor maker Lonten, after an earlier deal to invest in a blockchain company collapsed Key Takeaways: China International Development…
0264.HK