FAST NEWS: Waterdrop profit plunges on crowdfunding platform’s losses
The latest: Online insurer Waterdrop Inc. (WDH.US) on Thursday announced its profit plunged 78.6% to 33.6 million yuan ($4.68 million) in the third quarter, though the result still represented its seventh consecutive quarterly…
WDH.US
Despite limp sales, Nissin tastes growing profits on falling costs, price hike
The instant noodle maker registered year-on-year profit growth in the third quarter thanks to price adjustments and falling raw material costs Key Takeaways: Nissin Foods’ revenue declined by nearly 3%…
1475.HK
FAST NEWS: Waterdrop posts sixth consecutive quarterly profit
The latest: Online insurer Waterdrop Inc. (WDH.US) on Thursday reported a 21.7 million yuan ($2.95 million) net profit in the second quarter, its sixth consecutive quarterly profit. Looking up: The company's insurance…
WDH.US
Missfresh looks for fresh start with dubious digital marketing bet
The Chinese online grocery pioneer hopes to make a comeback from its near-collapse last year after acquiring a digital marketing business Key Takeaways: Missfresh is set to raise $27 million…
MF.US
FAST NEWS: JPMorgan boosts Meituan stake
The latest: JPMorgan disclosed it purchased 13.83 million shares of Meituan (3690.HK) on May 31 for more than HK$1.6 billion ($205 million), raising its stake in the online food delivery…
3690.HK
With strong results, who needs splashy chatbots? Not Tencent
The leading game operator’s latest quarterly results showed it has emerged from a two-year cloud of harsh regulation and Covid restrictions Key Takeaways: Tencent’s first-quarter revenue and adjusted net profit…
0700.HK
PODCAST: China loses population crown, and deliverymen find friend in Hangzhou
China will officially lose its title as the world’s most populous nation to India in the middle of this year, according to a UN projection. And Hangzhou is calling on employers to provide social insurance for the thousands of deliverymen who bring city residents everything from takeout dining to e-commerce parcels.
