BRIEF: FS.com launches $213 million Hong Kong IPO
Online DTC networking solutions provider FS.com Ltd. (3355.HK) launched its Hong Kong public offering on Friday. The company aims to sell 40 million shares for up to HK$41.60 apiece, with shares…
CIG’s strong profit forecast fails to excite, hinting at fading AI euphoria
The maker of networking equipment used in homes and data centers said its profit grew strongly last year, but its stock fell sharply on the news Key Takeaways: CIG Shanghai…
Still in U.S. doghouse, ZTE faces pressure from fresh allegations
The company’s stock fell over 10% amid reports of a new $1 billion fine from the U.S., clouding its outlook as it claws its way back from an earlier clash…
