Baiwang breaks long silence with AI academic partnership after post-IPO stock collapse
The financial services company will partner with two academic institutions in one of the few filings related to its business activity since its stock crashed last July Key Takeaways: Baiwang…
Jack Ma-backed insurer seeks riches in Hong Kong gold tokenization foray
Yunfeng Financial is leveraging its strong balance sheet and a strategic ether reserve to turn physical assets into a digital financial tool for professional investors in Hong Kong Key Takeaways:…
Extransfer seeks Hong Kong IPO as accounting losses hide a cash cow
The business payment specialist boasts rapid revenue growth and a superb gross profit margin, even as it lost money last year due to non-operational factors Key Takeaways: Hong Kong IPO…
Its accounting scandal wrapping up, Lufax faces bigger challenge from China’s economy
The loan facilitator revealed previously undisclosed transactions and changed its CEO as it tries to resume trading of its Hong Kong shares after a year-long suspension Key Takeaways: Lufax disclosed…
China Renaissance dabbles in sour loans, hoping for sweet returns
The investment bank will buy two portfolios of nonperforming personal loans as it continues to recover from a crisis with the abrupt departure of its high-powered founder two years ago…
Tian Tu’s Yoplait China sale leaves sweet, but also sour, taste
The venture capital company has set a new date of Dec. 31 to finalize the sale of its 45% of Yoplait China to a group affiliated with IDG Capital for…
GoFintech returns to the black, but sacrifices margins for big revenue jump
The provider of stock brokerage and other financial services’ revenue surged more than 40-fold in the first half of its fiscal year, but its gross profit margin plummeted Key Takeaways:…
