NEWS WRAP: MediTrust Health says AI to empower better decision-making for insurers
The healthcare payor platform’s founder and CEO Seth Zhang said AI can help insurance companies boost their efficiency, but achieving consistent accuracy is a key obstacle By Doug Young…
Fenbi takes defensive action after steep share slide
The provider of exam preparation services is making a series of share buybacks in a bid to bolster confidence, as its business faces mounting competitive pressure Key Takeaways: The company…
BRIEF: Fibocom to raise up to $373 million in Hong Kong IPO
Wireless communication module maker Fibocom Wireless Inc. (0638.HK, 300638.SZ) launched its Hong Kong IPO on Tuesday, aiming to sell 135 million shares for HK$19.88 to HK$21.50 each to raise up…
BRIEF: Kingsoft Cloud raises $359 million to support AI expansion
Cloud computing services provider Kingsoft Cloud Holdings Ltd. (3896.HK; KC.US) said on Wednesday it placed 338 million new shares at HK$8.29 apiece to raise HK$2.8 billion ($359 million) The offer…
Flowing Cloud taps investors for more cash as metaverse halo disappears
The marketing services provider, once billed as Hong Kong’s ‘first metaverse stock,’ plans to raise about $10 million through a share placement to ease its financial pressure Key Takeaways: Flowing…
Hello Group takes ‘Cyrano approach’ in bid to rekindle China’s dating interest
The leading dating app has launched an AI-backed function that advises people on what to say to prospective dates, as it tries to return to revenue growth after five years…
BRIEF: Yunfeng invests $44 million for 10,000 ether tokens
Yunfeng Financial Group Ltd. (0376.HK) said on Tuesday it purchased 10,000 ether tokens on the open market for $44 million. Funds for the purchase came from the company's internal reserves,…
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