As messaging demand shrinks, can AI revive Xuan Wu Cloud?
The enterprise services provider has suffered a downturn in its communications traffic and, under new ownership, is pinning its recovery hopes on an AI pivot Key Takeaways: After tighter rules…
BRIEF: JST jumps in Hong Kong trading debut
Shares of e-commerce software as a service (SaaS) enterprise resource planning (ERP) provider JST Group Co. Ltd. (6687.HK) opened 24.2% higher in their Hong Kong trading debut on Tuesday, and…
BRIEF: JST launches $267 million Hong Kong IPO
E-commerce enterprise resource planning (ERP) software provider JST Group Corp. Ltd. (6687.HK) launched its Hong Kong IPO on Monday, aiming to sell 68.17 million shares for HK$30.60 each to raise…
BRIEF: Synagistics eyes major Chinese SaaS acquisition
Southeast Asian e-commerce company Synagistics Ltd. (2562.HK) announced on Monday that it has agreed to acquire 80% or more of a major Chinese software as a service (SaaS) platform, with…
BRIEF: Dmall shares plunge in Hong Kong trading debut
Shares of Dmall Inc. (2586.HK) lost more than half their value on their first trading day, as the provider of software services for retailers raised HK$624 million ($80 million) in…
Dmall shops for investors, even as business remains mostly a family affair
The provider of SaaS products for retailers has filed for a Hong Kong IPO, sporting a customer list mostly comprised of companies affiliated with its parent, Wumei Key Takeaways: In…
FAST NEWS: Xuan Wu Cloud’s loss narrows on cost controls
The Latest: Customer relationship management (CRM) services provider Xuan Wu Cloud Technology Holdings Ltd. (2392.HK) forecast on Monday that its net loss for the first half of this year would narrow by 60%…
