FAST NEWS: Giant Biogene initiates dividends as profit jumps
The latest: Chinese skin-care products maker Giant Biogene Holding Co. Ltd. (2367.HK) announced Monday its net profit last year jumped 44.9% to 1.45 billion yuan ($201 million). The company also declared…
FAST NEWS: Nissin Foods chairman buys more shares
The latest: Kiyotaka Ando, chairman of Nissin Foods Co. Ltd. (1475.HK), purchased about 130,000 of the company’s shares on Sept. 28, raising his stake in the instant noodle pioneer from 1.98%…
FAST NEWS: Abu Dhabi government takes 7% stake in Nio Inc.
The latest: New energy vehicle maker Nio Inc. (NIO.US; 9866.HK) announced Tuesday that it has entered into a share subscription agreement with CYVN Holdings to issue 8.469 million Class A ordinary…
FAST NEWS: Cloud Music shares plunge on revenue decline
The latest: Chinese music platform Cloud Music Inc. (9899.HK) last Friday reported first-quarter revenue of 1.96 billion yuan ($277 million), down 5.2% year-over-year and 17.5% quarter-over-quarter, respectively. Its gross profit for…
FAST NEWS: GDS narrows losses, but gross margin keeps shrinking
The latest: Independent data center operator GDS Holdings Ltd. (GDS.US; 9698.HK) reported on Wednesday its revenue rose 9.9% to 2.4 billion yuan ($348 million) in last year’s fourth quarter. Its…
FAST NEWS: Uni-President China posts record revenue, but profit drops
The latest: Food maker Uni-President China Holdings Ltd. (0220.HK) announced Wednesday its revenue rose 12% to a record 28.26 billion yuan ($4.05 billion) last year, though its net profit fell…
FAST NEWS: Rising Rare Earth Prices Hit JL Mag’s Margins
The latest: High-performance rare earth materials producer JL Mag Rare-Earth Co. Ltd. (6680.HK; 300748.SZ) announced on Wednesday its revenue rose 82.7% to 3.3 billion yuan ($480 million) in the first…
