BRIEF: Herbs Generation surges in Hong Kong trading debut
Shares of health and beauty products manufacturer Herbs Generation Group Holdings Ltd. (2593.HK) surged in their Hong Kong trading debut on Thursday, opening 25% above their IPO price of HK$3.75.…
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…
Meitu looks for new growth story as China’s economy slows
The beauty app operator expects to report its adjusted profit rose 80% or more in the first half of the year, representing a sharp slowdown from the growth rate in…
Yatsen gets black eye from shopping fest blues
The operator of Perfect Diary cosmetics stores lowered its second-quarter revenue guidance by 10%, putting the figure back in contraction territory Key Takeaways: Yatsen lowered its revenue guidance by 10%…
Chicmax finds timeless profit formula in anti-aging skincare
Calculations using new company data show its revenue rose 77% in the second half of last year, while its profit quadrupled Key Takeaways: Chicmax said it expects to report its…
Meitu dolls up with spinoff for Singaporean unit
The unit being spun off, AI-powered digital design platform Pixocial, was a major contributor to Meitu’s net profit last year Key Takeaways: Meitu has completed a new funding for its…
Meitu finds beauty in growing profits
The newly profitable beauty services provider earned an adjusted profit of between 140 million yuan and 155 million yuan in the first half of the year Key Takeaways: Meitu expects…
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