BRIEF: Atour’s revenue jumps on momentum for retail, hotel management businesses
Hotel operator Atour Lifestyle Holdings Ltd. (ATAT.US) reported on Wednesday that its revenue jumped 47.5% to 2.81 billion yuan ($414 million) in the first quarter from 1.91 billion yuan a…
H World’s results highlight pivot to higher-quality, asset-light growth
The strong full-year financials for China’s leading hotelier underscore improving domestic and overseas markets, as well as its strategic shift to a business model that improves profitability Key Takeaways: H…
GreenCloud lists into storm of Anthropic’s software valuation challenge
China's largest provider of hospitality property management systems (PMS) has filed for a Hong Kong IPO, as AI looks set to shake up its core software business Key Takeaways: GreenCloud…
BRIEF: Trip.com’s revenue rises 21% in fourth quarter, as two co-founders resign
Leading online travel agent Trip.com Group Ltd. (TCOM.US; 9961.HK) on Thursday reported its revenue rose 21% year-on-year in the fourth quarter to 15.4 billion yuan ($2.24 billion), as all of…
BRIEF: China Jinmao disposes of Sanya Ritz-Carlton
Property developer China Jinmao Holdings Group Ltd. (0817.HK) said on Tuesday it disposed of its Ritz-Carlton Sanya Yalong Bay on South China’s Hainan Island through an asset securitization deal valuing the resort…
Yunji rolls out red carpet for investors with Hong Kong IPO
The maker of scenario-based, AI-empowered robots, mostly used in hotels, raised about $76 million, as it becomes the first maker of flexible, service-based robots to list in Hong Kong Key…
Checking out or checking in? Jin Jiang can’t decide
Three years after privatizing its Hong Kong-listed shares, storied hotelier Jin Jiang has rolled out plans to re-list on the city’s stock exchange Key Takeaways: Jin Jiang has applied to…
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