BRIEF: Quantgroup shares double in popular but miniscule Hong Kong IPO
Shares of online consumer website operator Quantgroup Holding Ltd. (2685.HK) opened up 165% in their Hong Kong trading debut on Thursday, and held on to much of the gains to…
BRIEF: Yatsen’s revenue rises 37% as color cosmetics return to growth
Cosmetics retailer Yatsen Holding Ltd. (YSG.US) said on Thursday its revenue rose 36.8% in the second quarter year-on-year to 1.09 billion yuan ($152 million), as a return to growth for…
From Delhi risks to a domestic dairy bust
Some Chinese companies are navigating geopolitical headwinds that are pushing them out of India, and others are adapting to a maturing domestic consumer market where even staples like infant formula…
Blue Moon shines on livestreaming, consumer staple status
China’s leading laundry detergent maker said its sales rose 38% in the first half of the year, though its net loss also widened as it spent heavily on e-commerce promotions…
Qudian: A $1.4 billion cash cow
The company officially left the fintech realm in the first quarter by posting no revenue from its original online financing business for the first time Key Takeaways: Qudian’s revenue plunged…
PODCAST: GDP growth bounces back, and Hong Kong welcomes ‘specialist tech companies’
China’s GDP grew 4.5% in the first quarter, rebounding from 2.9% growth the previous quarter. And Hong Kong rolls out the welcome mat for tech startups with the launch of new rules allowing money-losing high-growth companies to list on the stock exchange’s main board.
Could ‘Double 11’ Festival Players Post Their First-Ever Sales Declines?
A combination of macro headwinds and cutthroat competition could make it difficult to achieve another year of substantial growth By Chan Ka Po Now in its 14th year, the Nov.…
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