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…
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 
Move over, burger joints. Yuen Kee dishes up China-flavored fast-food IPO
The country’s largest dumpling chain has filed to list in Hong Kong, though it could face a tepid reception due to lack of investor interest in consumer companies Key Takeaways:…
Galaxis hitches ride on Hong Kong robotics bandwagon
The intralogistics robotics specialist has filed for an IPO, adding its name to a growing list of robot concept stocks Key Takeaways: Galaxis Technology has filed for a Hong Kong…
Policy forces shift offshore Chinese IPO tide to Hong Kong from New York
New listings raised $36 billion on the Hong Kong Stock Exchange in 2025, accounting for nearly one-quarter of IPO fundraising worldwide Key Takeaways: Hong Kong took the global crown for…
Eve Energy powers toward Hong Kong IPO, undeterred by price wars
The world’s fifth-ranked EV battery maker is following market leader CATL with plans to complement its Shenzhen listing with a new one in Hong Kong Key Takeaways: Lithium battery maker…
New Energy 
After winning global EV crown, BYD faces new challenge with profitability test
China’s EV giant overtook Tesla in unit sales last year, but margin pressure, overseas risks and a controversial financing model raise questions on whether it can still deliver shareholder value…
Mineye navigates bumpy financial road littered with losses, stock volatility
The autonomous driving company has taken multiple new steps to support its shares, including share lockup period extensions, buybacks and increased purchases by some big investors Key Takeaways: Mineye has…
Will persistence pay off as Wanbang recharges its IPO bid?
The provider of smart charging equipment is making a fourth listing attempt, seeking to expand its business while battling falling margins and volatile cash flow Key Takeaway: The company built…
Consumer 
INTERVIEW: Tuya leverages its AI platform, skills to target global consumer market
The AIoT company is drawing on its relationships with thousands of internet-connected smart device makers to roll out its Hey Tuya AI Assistant For Life By Rene Vanguestaine LAS…
China’s property debt crisis muddles on, as profits evade the pet economy
Domestic investors holding about $500 worth of Vanke bonds have agreed to extend their Dec. 28 maturity date by a month. Why are Vanke and its peers continually turning to this kind of delaying tactic rather than doing bankruptcy reorganizations? And pet hospital operator Ringpai has applied for a Hong Kong IPO.
Anta takes aim at global big leagues with Puma bid
China’s leading sportswear brand has reportedly offered to buy 29% of the German brand, which, if successful, could give a big boost to its global aspirations Key Takeaways: Anta has…
Reconditioned ZhengTong drives down new road after massive overhaul
Caught up in price wars and a resulting sea of red ink, the former car dealership highflyer is entering a new phase after being taken over by a rival and…
Move over, burger joints. Yuen Kee dishes up China-flavored fast-food IPO
The country’s largest dumpling chain has filed to list in Hong Kong, though it could face a tepid reception due to lack of investor interest in consumer companies Key Takeaways:…
Healthcare/biotech 
China’s biopharma sector enters the New Year on a high
A wave of lucrative licensing deals, drug approvals and positive policy moves spurred a pharmaceutical rally in 2025, but bigger biotechs are seeing more of the benefits Key Takeaways: The…
Hong Kong to welcome world-leading siRNA company as Ribo launches its IPO
The small nucleic acid drugs developer has positioned itself as a leader in siRNA therapeutics, boasting one of the world’s largest pipelines of drugs using the technology Key Takeaways: Ribo…
Low margins, losses dog Ringpai as it eyes Hong Kong IPO
The company hopes to become Hong Kong’s first publicly listed pet hospital chain, hoping investors will overlook its weak performance metrics Key Takeaways: Ringpai has filed to list in Hong…
Geneplus locks onto targeted medicine for IPO pitch
After a post-Covid earnings dip, the company is seeking a stable future as a provider of data and diagnostics for precision medicine and disease prevention Key Takeaways: The company’s…
Finance 
Meta cuts Manus free from China, as regional lender gets premium bailout
In a landmark validation for Chinese AI, Facebook parent Meta has agreed to buy general AI agent maker Manus. But why is Meta also quite vehement about cutting all of Manus' China ties, both in terms of investors and business activity? And regional Chinese lender Weihai Bank has just received a major cash infusion from its local government in Shandong province. Is this a worrisome sign for investors?
China Renaissance dabbles in sour loans, hoping for sweet returns
The investment bank will buy two portfolios of nonperforming personal loans as it continues to recover from a crisis with the abrupt departure of its high-powered founder two years ago…
Weihai Bank gets government-led year-end capital gift, highlighting its troubles
The regional lender will sell new shares to a municipal investor in its hometown in Shandong province to shore up its capital cushion Key Takeaways: Weihai Bank will raise about…
Move over, Hong Kong. Young Beijing Exchange becomes China’s new IPO hub
The bourse, launched in 2021 to help fund smaller tech startups, has hosted 38 IPOs this year, up more than 50% from 2024 Key Takeaways: Just four years after its…
Ecommerce 
Atour celebrates ‘Year of the Pillow’ with fluffy revenue growth
The hotel operator expects to report 35% revenue growth for all of 2025, up from a 25% forecast at the start of the year, thanks to strong performance for its…
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:…
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…
AI/Infrastructure/Resources 
INTERVIEW: Tuya leverages its AI platform, skills to target global consumer market
The AIoT company is drawing on its relationships with thousands of internet-connected smart device makers to roll out its Hey Tuya AI Assistant For Life By Rene Vanguestaine LAS…
Galaxis hitches ride on Hong Kong robotics bandwagon
The intralogistics robotics specialist has filed for an IPO, adding its name to a growing list of robot concept stocks Key Takeaways: Galaxis Technology has filed for a Hong Kong…
Mineye navigates bumpy financial road littered with losses, stock volatility
The autonomous driving company has taken multiple new steps to support its shares, including share lockup period extensions, buybacks and increased purchases by some big investors Key Takeaways: Mineye has…
Meta cuts Manus free from China, as regional lender gets premium bailout
In a landmark validation for Chinese AI, Facebook parent Meta has agreed to buy general AI agent maker Manus. But why is Meta also quite vehement about cutting all of Manus' China ties, both in terms of investors and business activity? And regional Chinese lender Weihai Bank has just received a major cash infusion from its local government in Shandong province. Is this a worrisome sign for investors?
