JD.com backs its merchants with $1.5 billion. But investors aren’t buying it
China’s No. 2 e-commerce company launched a 10 billion yuan subsidy plan for its merchants, as it eyes improving consumer sentiment in the second half of this year Key Takeaways:…
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E-Commerce Troubles Cast Shadow over Quantgroup IPO Plans
The fintech behind the “Yangxiaomie” e-commerce platform has filed again for a Hong Kong listing, spurred by hopes of a consumer-led economic rebound Key Takeaways: Profits at Quantgroup Technology have…
Dingdong Posts First-Ever Profit on Cost Slashing, Upmarket Move
China’s leading online grocer earned a fourth-quarter profit on both a net and adjusted basis, as its marketing spending tumbled 75%Key Takeaways:Dingdong posted its first-ever profit in the fourth quarter,…
Fast Fashion Sensation Shein Sizes Up U.S. Listing Despite Slowing Sales
The online clothing seller, which cranks out new fashions in as little as seven days, could see its valuation shrink by about a third to $64 billion in its latest…
Unimpressive Hong Kong Keeps No. 3 Spot in Global IPO Race
New listings in the city tumbled 68% to just 90 last year, much of that on a surge in activity in the second halfKey Takeaways:Hong Kong IPOs fell sharply last…
Full Truck Alliance Puts the Brakes on Hong Kong Listing Plan
The U.S.-listed truck app operator reportedly scrapped its plan for a second listing in Hong Kong due to recent improvements in the U.S. regulatory environmentKey Takeaways:Trucking app operator Full Truck…
CHINA BULLETIN: Reopening at Lightning Speed
In this week’s issue China’s reopening accelerates, trade tanks, and Alibaba founder Jack Ma abandons entrepreneurs in his home province of Zhejiang. On a scale of 1 to 10, we give the week an 8.5 for offshore-listed China stocks.
