FAST NEWS: SenseTime’s loss widens despite cost controls
The latest: Artificial intelligence (AI) company SenseTime Group Inc. (0020.HK) said its revenue fell 10.6% to 3.41 billion yuan ($472 million) last year, while its non-GAAP net loss rose 14.2% to 5.41…
NEWS WRAP: PDD posts triple-digit growth, mulls diversification beyond U.S.
The discount e-commerce giant attributed its strong growth to recovering consumption from increasingly cost-conscious consumers in China By Teri Yu Discount Chinese e-commerce company PDD Holdings Inc. (PDD.US) on Wednesday delivered triple-digit…
Tuya’s losses narrow, but stock still looks pricey
The internet of things services provider’s gross margin hit a record high last quarter and its loss narrowed on strong performance for its platform as a service business Key Takeaways:…
E-House rebuilding hits snag as rights plan stalls
The setback has added new uncertainties to the online real estate agent’s ongoing restructuring Key Takeaways: E-House’s restructuring has stalled over its inability to use one of its key assets…
CHINA BULLETIN: Economic Growth Target Stays at 5%
In this week’s issue GDP growth target unchanged, Apple sales plunge and a Belle returns to the Hong Kong ball. On a scale of 1 to 100, we give the…
Lesi Group underwhelms with IPO in crowded online ad market
The Chinese provider of mobile advertising services has finally won IPO approval at the fourth attempt, but faces a muted market reception Key Takeaways: Lesi Group’s revenue has been growing…
In tight times, Vipshop wows investors with dividend policy
The discount e-commerce company, which has been consistently profitable since 2013, said it will return $250 million to investors through a dividend this year Key Takeaways: Vipshop said it will…