A hydrogen listing, and a new China toy story
A young company called Scage is close to listing in New York through a backdoor SPAC merger. Is it really worth the high valuation it's seeking? And 52Toys has hired an investment bank for a Hong Kong IPO. Will it be able to sell investors on its toy story of rapid expansion and hot collectibles?
China’s hydrogen drive powers up SPAC listing by Scage
A backdoor Nasdaq listing by the maker of green energy trucks took a key step forward last week with its approval by the Chinese securities regulator Key Takeaways: Scage could…
Full Truck Alliance fires on all cylinders with strong earnings report
The number of truckers using the digital freight platform hit the 4 million mark in the third quarter, while its monthly active shippers totaled 2.84 million Key Takeaways: Full Truck…
Full Truck Alliance goes full throttle on user acquisitions
The trucking platform operator boosted its sales and marketing spending 50% in the fourth quarter, double the rate of its revenue growth Key Takeaways: Full Truck Alliance’s revenue rose 25.3%…
TuSimple drives down U.S. off ramp. Nasdaq exit next?
The autonomous truck technology company said it will wind down its U.S. operations to focus on China, as its cash runs low Key Takeaways: TuSimple will lay off three-quarters of…
Shengfeng drives into investor fast lane with big post-IPO gains
The logistics company’s shares have more than doubled since their March IPO, including a 36% jump on a single day this week Key Takeaways: Shengfeng’s shares have risen sharply since…
FAST NEWS: TuSimple considers sale of U.S. business
The Latest: Autonomous truck driving technology company TuSimple (TSP.US) said on Wednesday it is “evaluating strategic alternatives for its U.S. business.” Looking Up: Such language typically means TuSimple is exploring…
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