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…
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,…
How China’s AI model applications are driving a new business landscape
AI competition is shifting from models to applications, creating new opportunities in consumer and enterprise markets while reshaping industries LeadLeo Research Institute As the rollout of new AI model…
Joyson Electronic enters robotic race in bid to soup up its IPO
The veteran maker of automotive air bags, which boasts over 100 clients, has filed to list on the Hong Kong Stock Exchange Key Takeaways： Joyson Electronic has filed to list…
BRIEF: Lenovo’s quarterly profit doubles as revenue hits record
PC giant Lenovo Group Ltd. (0992.HK) announcedon Thursday that its profit rose 107.8% year-on-year to $510 million for its first fiscal quarter through June, while its non-HKFRS profit rose by…
BRIEF: Newborn Town net profit doubles in first half of 2025
Social media operator Newborn Town Inc. (9911.HK) announced on Wednesday that it expects to report revenue for the first half of this year between 3.14 billion yuan ($436 million) and…
BRIEF: Fourth Paradigm, Hyperstrong in AI power trading services joint venture
AI applications developer Beijing Fourth Paradigm Intelligent Technology Co. Ltd. (6682.HK) on Monday announced the formation of a joint venture with Beijing Hyperstrong Technology Co. Ltd. The venture, Energy Crystals…
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