JST Group shows there’s still growth potential in China’s tough e-commerce market
The country’s largest provider of ERP software as a service for e-commerce has filed a second time to list in Hong Kong, reporting its revenue grew more than 30% last…
MiniMax scores big new funds, but likely to need more in expensive AI race
The AI company is reportedly close to securing $250 million in new cash, attracting investors with its deep talent pool and growing stable of products Key Takeaways: AI company MiniMax…
Price war rains on Kingsoft Cloud despite improving profitability
The cloud services provider reported a sharp gross margin increase in the first quarter as it jettisoned less-profitable customers Key Takeaways: Kingsoft Cloud reported its first-quarter revenue fell 14.2%, but…
Kingdee Inches Back Toward Profitability as Transformation Accelerates
One of China’s oldest software makers said three-quarters of its revenue came from cloud-based services last year, tripling its share of the company’s revenue pie compared with 2017Key Takeaways:Kingdee said…
Kingsoft Cloud Gets Pelted by Storm Over Locked Novel
Shares of China’s largest independent cloud services provider fell 12% after a social media storm erupted over a novelist who lost access to her work Key Takeaways: Kingsoft Cloud’s shares…
With Fast Growth but Bumpy Profits, Xuan Wu Cloud Poised for IPO Lift-off
The intelligent CRM services provider expanded on the back of China’s retail revolution and has now passed its IPO hearing with the Hong Kong Stock Exchange Key Takeaways: Xuan Wu…
FAST NEWS: Gaming Stocks Jump After China Ends Licensing Freeze
The latest: After an eight-month halt in new video game approvals, China's National Press and Publication Administration announced Monday that 45 local games have been approved for new licenses, including…
