Improving revenue and profit performance in Meituan’s recently released first-quarter results show the food delivery giant’s efforts at developing its new businesses are paying off.

Meituan’s new business initiatives bear fruit

The company’s core local commerce business revenue increased 27.4% in the first quarter, as its money-losing new businesses also grew by 18.5% amid narrowing operating losses   By KGI Asia…
Next stop for Geely-backed CaoCao: a Hong Kong IPO

Next stop for Geely-backed CaoCao: a Hong Kong IPO

The ride-sharing company has built partnerships with third-party platforms to mount a concerted challenge to the market leader, but the strategy carries risks   Key Takeaways: CaoCao Inc.’s revenues have grown…
Tuya's stock price still rings alert

Tuya’s losses narrow, but stock still looks pricey

The internet of things services provider’s gross margin hit a record high last quarter and its loss narrowed on strong performance for its platform as a service business Key Takeaways:…