BRIEF: Newborn Town’s profit grows, but at a high cost
Social media platform operator Newborn Town Inc. (9911.HK) said its profit rose 28% to 225 million yuan ($32 million) in the first half of this year, according to its interim…
JinkoSolar finds rare bright spot in new Saudi tie-up
The company unveiled a $1 billion joint venture with two local entities to produce cutting-edge solar panels in the Middle East Key Takeaways: JinkoSolar is forming a $1 billion joint…
Lenovo makes critical calculation with Middle East pivot
The PC giant’s new tie-up with the Alat unit of Saudi Arabia’s sovereign wealth fund will give it access to new funds and help it establish a regional headquarters in…
E-sports Company NeoTV Races Towards New York IPO
China’s No. 2 operator of electronic gaming competitions and tournaments has filed for a U.S. listing, two weeks after its larger rival VSPO announced a major new fundingKey Takeaways:NeoTV has…
VSPO’s New Saudi Funding: A Warm-Up for Big-League IPO?
A year after filing for a Hong Kong IPO, which it later abandoned, China’s largest e-sports operator is receiving a $265 million investment from a Saudi Arabian wealth fundKey Takeaways:Leading…
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