FAST NEWS: Investment Loss Undermines Simcere Pharma’s Profit
The latest: Simcere Pharmaceutical Group Ltd. (2096.HK) on Wednesday reported its revenue grew 27.3% to 2.7 billion yuan ($389 million) in the first half of the year, while its net profit…
Is Tencent Winding Down Its Big Investments?
A report that the tech giant is looking to sell its Meituan stake is stoking concerns of more similar divestments to come Key Takeaways: Reuters reported Tencent might sell some…
FAST NEWS: Simcere Pharma Posts 94% Profit Decline Amid Investment Portfolio Impairment
The latest: Simcere Pharmaceutical Group Ltd. (2096.HK) issued a profit warning on Monday, estimating a net profit of 34 million yuan ($50 million) to 94 million yuan for the six months…