FAST NEWS: J&T’s loss narrows on strong Southeast Asia business
The latest: Logistics provider J&T Global Express Ltd. (1519.HK) announced Friday its non-GAAP adjusted loss last year narrowed 71% to 432 million yuan ($60 million). Looking up: J&T‘s revenue grew 21.8%…
Luckin Coffee profits get added kick from liquor-laced lattes
With a boozy new brew, the once scandal-tainted coffee chain has boosted its quarterly earnings and store numbers despite a brutal price war Key Takeaways: Luckin Coffee’s revenue and profit…
FAST NEWS: J&T Global stands still in IPO trading debut
The latest: Shares of Chinese logistics provider J&T Global Express Ltd. (1519.HK) opened at HK$12 in their Friday trading debut, unchanged from their IPO price. Looking up: The local portion…
FAST NEWS: Abu Dhabi government takes 7% stake in Nio Inc.
The latest: New energy vehicle maker Nio Inc. (NIO.US; 9866.HK) announced Tuesday that it has entered into a share subscription agreement with CYVN Holdings to issue 8.469 million Class A ordinary…
China’s EV sector at crossroads as Nio joins bloody price war
Price cuts by smaller new energy vehicle makers like Nio have done little to stem their loss of market share to larger rivals like BYD and Tesla Key Takeaways: Nio…
PODCAST: Auto price wars, and the China-Hong Kong stock connect expands
Price wars break out as car makers in China, from Volkswagen to BYD, scramble to clear inventory. And foreign names like Samsonite and L’Occitane join the China-Hong Kong stock connect program, but no one is buying.
ZTO Express Delivers Exceptional Profits for Investors
The company was the most profitable in China’s ultra-competitive parcel delivery industry during the third quarter Key Takeaways:ZTO Express’ revenue grew much faster than its operating costs in the third…
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