Soaring stock brokers, and rising tobacco
Online brokers Futu and UP Fintech have recorded banner results, with revenue up by 75% or more for both in the fourth quarter. What's driving the growth, and is it sustainable? And the international arm of China's tobacco monopoly reported 10% revenue growth last year, even as the number of Chinese smokers fell. What's driving the increase?
CTIHK luxuriates in shadow of China’s tobacco monopoly
The majority-owned unit of China National Tobacco Corp. reported double-digit profit and revenue growth last year, lighting a fire under its stock Key Takeaways: CTIHK’s profit rose more than 40%…
RLX puffs out signs of new life, as investors remain wary
China’s leading vaping company said its revenue nearly tripled in the first quarter, though the figure remains well below levels from before a 2021 regulatory clampdown Key Takeaways: RLX’s revenue…
PODCAST: Corruption crackdown hits China’s big tobacco, and a tech company splits in two
A two-year-old corruption clampdown in China’s sprawling tobacco monopoly and regulator has netted nearly 20 senior officials and executives.
Why doesn't any other company or sector contribute revenue as abundantly and consistently to central government coffers as China Tobacco? Will China ever get serious about stamping out smoking more aggressively?
And real time engagement tech maker Agora announces plans to split in two, one half for its China business and the other for the rest of the world. Is this the wave of the future for China tech?
CHINA BULLETIN: China Awash in White Collar Workers, But Low on Laborers
In this week’s issue mixed manufacturing signals, snuffing out tobacco corruption and Elon Musk gets the red-carpet treatment. On a scale of 1 to 100, we give the week a 45 for offshore-listed China stocks.
RLX gets smoked in fourth quarter, but sees clearer air ahead
The leading Chinese vaping company’s revenue plunged 82% in the last year’s final quarter, as it took a double blow from new regulations and widespread Covid disruptions Key Takeaways: RLX’s…
CHINA BULLETIN: Trade? What Trade?
In this week’s issue idle shipping containers spotlight weakening global trade, tobacco falls under the corruption microscope, and China’s new love affair with chatbots. On a scale of 1 to 10, we give the week a 4 for offshore-listed China stocks.
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