Yixin surges on strong profit, revenue gains

FAST NEWS: Yixin surges on strong profit, revenue gains

The Latest: Auto financier Yixin Group Ltd. (02858.HK) said on Thursday its revenue rose 29% last year to 6.69 billion yuan ($930 million), while its net profit jumped 50% to 555 million yuan. Looking Up: The…
Lemeng files for IPO

Shrinking Lemeng faces uphill road to New York IPO

The advertising services company’s revenue contracted 16% in the first half of 2023, as it seeks to raise about $20 million from a U.S. listing Key Takeaways: Lemeng’s revenue fell…

CHINA BULLETIN: Beijing Gets Serious on Economic Stimulus

In this week’s issue government stimulus heats up, U.S. Commerce Secretary calls on Beijing, and Huawei rejoins the smartphone race. On a scale of 1 to 100, we give the week a 55 for offshore-listed China stocks.