Deadbeat developer debt collection enters new phase with Shimao liquidation
China Construction Bank’s request to liquidate Shimao shows that state-owned banks are starting to take legal action to recover their money from the debt-ridden industry Key Takeaways: A unit of…
Zongmu joins autonomous driving queue at Hong Kong IPO tollgate
The maker of autonomous parking solutions is unlikely to impress investors with its big losses and anemic 6% revenue growth last year Key Takeaways: Zongmu Technology has filed to list…
BenQ files for IPO as business looks stable, but with few growth spots
China’s biggest private for-profit hospital operator plans to use funds from its planned listing to expand and upgrade its facilities Key Takeaways: BenQ Hospital has filed to list in Hong…
Ximalaya aims high in third listing attempt
China’s leading podcast platform could become one of Hong Kong’s hottest tech offerings in recent years, boasting a huge base of loyal users and a recent move to profitability Key…
‘Warcraft’ return to NetEase signals extension of China’s gaming relaxation
A new deal to bring popular ‘World of Warcraft’ games back to China after a one-year absence will have relatively little financial impact on the game’s local host Key Takeaways:…
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Online seller Augroup looks to wean itself off big platforms
The cross-border e-commerce company has applied to list its shares in Hong Kong after unsuccessfully shopping around mainland exchanges Key Takeaways: Augroup Technology’s profits more than doubled last year…
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IPO 
Zongmu joins autonomous driving queue at Hong Kong IPO tollgate
The maker of autonomous parking solutions is unlikely to impress investors with its big losses and anemic 6% revenue growth last year Key Takeaways: Zongmu Technology has filed to list…
Ximalaya aims high in third listing attempt
China’s leading podcast platform could become one of Hong Kong’s hottest tech offerings in recent years, boasting a huge base of loyal users and a recent move to profitability Key…
BenQ files for IPO as business looks stable, but with few growth spots
China’s biggest private for-profit hospital operator plans to use funds from its planned listing to expand and upgrade its facilities Key Takeaways: BenQ Hospital has filed to list in Hong…
Online seller Augroup looks to wean itself off big platforms
The cross-border e-commerce company has applied to list its shares in Hong Kong after unsuccessfully shopping around mainland exchanges Key Takeaways: Augroup Technology’s profits more than doubled last year…
New Energy 
Zongmu joins autonomous driving queue at Hong Kong IPO tollgate
The maker of autonomous parking solutions is unlikely to impress investors with its big losses and anemic 6% revenue growth last year Key Takeaways: Zongmu Technology has filed to list…
Is Niu Technologies ready to charge ahead again?
The electric scooter maker reported a sharp upturn in its first quarter sales volume, reversing weak growth throughout last year Key Takeaways: Niu Technologies said its unit sales at home…
Zeekr steps on IPO accelerator as its prospects run low on fuel
The new energy vehicle maker is reportedly jumpstarting its stalled plan to list in New York as valuations for its peers rapidly fall Key Takeaways: Zeekr has reportedly restarted its…
Consumer 
Is Niu Technologies ready to charge ahead again?
The electric scooter maker reported a sharp upturn in its first quarter sales volume, reversing weak growth throughout last year Key Takeaways: Niu Technologies said its unit sales at home…
Guoquan Food boosts efficiency. But is that enough for growth-hungry investors?
The hotpot ingredient supplier profited on the home dining craze during the pandemic, but now it’s struggling to adapt as consumers return to more eating out Key Takeaways: Guoquan Food's…
Investors lap up China Feihe despite declining profits and revenue
The premium infant formula maker is taking a hit from China’s low birth rate, but investors may like its dividends and transition to other dairy products Key Takeaways: China Feihe…
Shangri-la finds new life in tourism industry rebound
The high-end hotel operator ended three years of losses with a return to profits last year, buoyed by a post-pandemic rebound in global travel Key Takeaways: Shangri-la earned a profit…
Keep Inc. sprints towards profits as investors remain wary
China’s leading fitness app operator returned to revenue growth in the second half of last year, as it adjusted to a post-pandemic return to outdoor-related activities Key Takeaways: Keep Inc.’s…
Healthcare/biotech 
BenQ files for IPO as business looks stable, but with few growth spots
China’s biggest private for-profit hospital operator plans to use funds from its planned listing to expand and upgrade its facilities Key Takeaways: BenQ Hospital has filed to list in Hong…
InSilico seeks IPO boost to get AI drugs over the line
The drug developer has raised around $400 million in seven rounds of financing. But after burning through cash, the company needs fresh capital to sustain its work on AI-assisted drugs…
ProfoundBio discovers the joys of having a wealthy owner
The company has become the latest in a recent string of China-related innovative drug makers to be purchased by larger foreign buyers Key Takeaways: Cancer treatment maker ProfoundBio announced it…
Akeso marks profit milestone with swift rights issue
Buoyed by bumper earnings, the biotech has announced a share placement to raise HK$1.17 billion to invest in developing its portfolio of anti-cancer drugs Key Takeaways: Akeso swung to an…
Finance 
PODCAST: A Fitch Downgrade, and New Steps to Bring Back Global Tourists
Fitch has lowered its outlook on China's sovereign rating to "negative," citing economic uncertainty. What does this mean for investors, and what's the likelihood of an actual ratings downgrade? And China has ordered all hotels rated three stars or higher to accept foreign credit cards. Will this help to bring back foreign travelers after three years of Covid isolation?
Juicy margins set Zhongmiao apart among stodgy insurers
The insurance broker controlled by home-appliance maker Haier has filed for an IPO, boasting solid profits underpinned by its focus on corporate policies and a light cost structure Key Takeaways:…
Tian Tu plunges into the red on sagging Hong Kong stock market
The venture capital company posted 814 million yuan in investment losses last year, reversing 337 million yuan in gains for 2022 Key Takeaways: Tian Tu Capital posted an 873 million…
PODCAST: Relaxing Data Requirements, and a Big Dividend
China exempts most foreign firms from worrisome data requirements. But will it change its mind later? And a leading fintech lender offers a massive dividend. But shareholders worry more about its rapidly shrinking size.
Ecommerce 
Online seller Augroup looks to wean itself off big platforms
The cross-border e-commerce company has applied to list its shares in Hong Kong after unsuccessfully shopping around mainland exchanges Key Takeaways: Augroup Technology’s profits more than doubled last year…
JST Group shows there’s still growth potential in China’s tough e-commerce market
The country’s largest provider of ERP software as a service for e-commerce has filed a second time to list in Hong Kong, reporting its revenue grew more than 30% last…
SPONSORED: What’s behind SF Intra-city’s big annual profit growth
China’s largest third-party on-demand delivery service provider recorded a profit for the year that met market expectations SF Intra-city reported revenue of 12.4 billion in 2023, up 21.1%, with an…
Facing winter at home, Cango looks overseas
The auto-trading platform operator unveiled a new service for overseas dealers aiming to import used Chinese cars Key Takeaways: Cango has launched a new app, AutoCango, to facilitate the export…
Infrastructure/Resources 
YTO International ships in new CEO as its revenue fails to deliver
Revenue at the international arm of one of China’s leading parcel delivery companies shrunk by nearly 30% last year on falling international freight prices and waning demand Key Takeaways: YTO…
JST Group shows there’s still growth potential in China’s tough e-commerce market
The country’s largest provider of ERP software as a service for e-commerce has filed a second time to list in Hong Kong, reporting its revenue grew more than 30% last…
Why JL Mag came unstuck, but is getting back on track
The company is going through a difficult adjustment after a plunge in the price of neodymium, a key ingredient in the rare earth permanent magnets that are its core product…
Cirrus Aircraft: Flying too close to the heat of U.S.-China tensions?
The Chinese-owned, U.S.-based company has filed a second time to list in Hong Kong, aiming to become the exchange’s first aircraft manufacturing stock Key Takeaways: Cirrus Aircraft has filed for…
