Can Longcheer buy its way to the top of the AI rack?
The world’s largest smartphone ODM is using acquisitions to cater to booming demand for AI infrastructure Key Takeaways: Longcheer has revised terms for its acquisition of an AI infrastructure company,…
9611.HK
603341.SHG
Multimodal AI growth forces companies to rethink computing costs
As creation of content expressed in multiple formats grows, video generation costs are reshaping companies’ AI computing budgets By LeadLeo Research Institute Multimodal content creation is moving from a…
Can a novel sleeping pill help Jingxin shed its generic label?
The pharmaceutical firm has gained traction with its first new drug and is seeking funds for further innovation, but its mainstay generics business is under pressure Key Takeaways: Jingxin Pharmaceutical…
002020.SHE
INTERVIEW: Maase pursues AI infrastructure in new business initiative
The company plans to invest up to 5 billion yuan over the next five years on its Stars Distributed Intelligent Computing Center AI infrastructure project By Doug Young As a…
MAAS.US
What an AI breach of WeChat and Jollibee's listing choice mean for U.S.-Asia tech and capital
"If you want to ensure the success of a company that is still very much regional Southeast Asia when going to market, it's probably a bit easier in Hong Kong…
Easy Smart’s meteoric AI surge masks its low-tech roots
The company’s stock soared after its controlling shareholder acquired a large stake in an AI company, but its financial reality is grounded in a deteriorating fireproofing business Key Takeaways: Easy…
2442.HK
FAST NEWS
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IPO 
Who needs humanoids? Direct Drive Tech bets on simpler household robots
The company is aiming to list in Hong Kong, feasting on a Chinese direct drive actuator module market that soared from 200 million yuan in 2023 to 1.9 billion yuan…
World Road faces bumpy path to Nasdaq listing
The cross-border logistics company has quadrupled the size of its IPO in response to new rules seeking to stamp out suspicious new Chinese listings, seeking to raise $33 million Key…
Is Tinci Materials limping to a Hong Kong IPO?
China’s securities regulator has given the green light to the battery materials maker’s Hong Kong listing application, but only after a year of scrutiny Key Takeaways: Tinci Materials has been…
Orbbec’s booming robotic ‘eye’ sales fail to wake up its bottom line
The vision sensor maker is exploring a Hong Kong listing as weaker sales to core client Ant Group and rising development costs weigh on its revenue and profits Key Takeaways:…
New Energy 
Is Tinci Materials limping to a Hong Kong IPO?
China’s securities regulator has given the green light to the battery materials maker’s Hong Kong listing application, but only after a year of scrutiny Key Takeaways: Tinci Materials has been…
New energy faces reckoning as solar makers pivot to AI, Beijing halts battery storage construction
"If they stick with being pure-play, when the cycle turns, they will benefit from that in terms of stock price compared to other companies." — view on the investability of…
Will Jinko lose its shine in pivot to AI investment?
The solar panel maker will drop the “solar” from its English name, as it builds up a second business pillar investing in frontier industries Key Takeaways: JinkoSolar is adding a…
Consumer 
Can Longcheer buy its way to the top of the AI rack?
The world’s largest smartphone ODM is using acquisitions to cater to booming demand for AI infrastructure Key Takeaways: Longcheer has revised terms for its acquisition of an AI infrastructure company,…
Two auto giants hitch wagons to combat harsh industry winter
GAC plans to issue new shares in exchange for an equity stake in a vehicle joint venture held by FAW, though detailed transaction specifics have yet to be disclosed Key…
Yatsen finds new beauty in AI, biotech and automated manufacturing
The company is using technology for things like new ingredient discovery as Chinese consumers seek increasingly individualized products Key Takeaways: Yatsen is turning to AI and other high-tech methods as…
Lam Soon generates investment value out of the ordinary
The food and edible oil producer’s profit declined 3% in its latest fiscal year, but its total returns from share price gains and dividends are nearly 80% over the past…
Jollibee dines close to home with Hong Kong selection for IPO spinoff
With 20 brands in 33 countries, the Philippine fast-food operator has abandoned earlier plans to list its international operation in New York in favor of its nearby neighbor Key Takeaways:…
Healthcare/biotech 
Can a novel sleeping pill help Jingxin shed its generic label?
The pharmaceutical firm has gained traction with its first new drug and is seeking funds for further innovation, but its mainstay generics business is under pressure Key Takeaways: Jingxin Pharmaceutical…
Cloudbreak Pharma shares halted amid probe into ‘IPO rigging’
Just 14 months after its market debut, the drug developer is under investigation over regulatory concerns that its IPO demand was artificially inflated Key Takeaways: Cloudbreak’s IPO drew strong retail…
Salubris refiles for Hong Kong IPO as generics lose steam
The producer of cardiovascular drugs is accelerating its shift towards innovative pharmaceuticals, under pressure from price cuts and expiring patents Key Takeaways: Salubris built its early success on generics, but…
Bulging order book for bioconjugates lifts WuXi XDC profits
The provider of outsourced pharmaceutical services has delivered unexpectedly strong half-year earnings and has launched its first overseas production hub Key Takeaways: WuXi XDC began operations in August at a…
Finance 
Its business stabilized, Cango signs first customer for its new AI business
The company’s bitcoin mining business held steady in the second quarter, as its first high-performance computing center was ready to receive customers in July Key Takeaways: Cango completed its overhaul…
Canaan gets doubly squeezed in latest crypto downturn
The cryptocurrency mining machine maker’s revenue plunged and its net loss ballooned in the second quarter as its product sales and mining income both tumbled Key Takeaways: Canaan’s revenue from…
Shein’s U.S. buyout hits a political wall, as China’s fintech lenders face ruin
“There’s been a very definite trend of what I would call re-transferring part of the economy from the private sector to the state sector.” — on Beijing’s regulatory retreat from…
Qfin gets frostbite as fintech winter intensifies
The fintech loan facilitator’s second-quarter profit plunged as a funding squeeze in the wake of two major sector scandals forced it to scale back its business Key Takeaways: Qfin’s net…
Ecommerce 
World Road faces bumpy path to Nasdaq listing
The cross-border logistics company has quadrupled the size of its IPO in response to new rules seeking to stamp out suspicious new Chinese listings, seeking to raise $33 million Key…
Vatai delivers new e-commerce story with focus on cross-border trade
The provider of compliance services for cross-border e-commerce companies has filed to list in Hong Kong, boasting 66% revenue growth in the first half of this year Key Takeaways: Vatai…
JD.com slows its bleeding, but investors want growth
The e-commerce giant has reduced the pain from its entry to food delivery, but weak retail sales and crowded new battlefields show its next growth engine remains elusive Key Takeaways:…
State subsidies and partner panic: What the latest cross-border deals reveal about business in China
From European regulatory scrutiny to sudden licensee changes, multinational deals are facing new tests of trust and transparency Key Takeaways: European regulatory scrutiny over JD.com’s Ceconomy acquisition reflects a new…
AI/Infrastructure/Resources 
INTERVIEW: Maase pursues AI infrastructure in new business initiative
The company plans to invest up to 5 billion yuan over the next five years on its Stars Distributed Intelligent Computing Center AI infrastructure project By Doug Young As a…
Can Longcheer buy its way to the top of the AI rack?
The world’s largest smartphone ODM is using acquisitions to cater to booming demand for AI infrastructure Key Takeaways: Longcheer has revised terms for its acquisition of an AI infrastructure company,…
What an AI breach of WeChat and Jollibee’s listing choice mean for U.S.-Asia tech and capital
"If you want to ensure the success of a company that is still very much regional Southeast Asia when going to market, it's probably a bit easier in Hong Kong…
Easy Smart’s meteoric AI surge masks its low-tech roots
The company’s stock soared after its controlling shareholder acquired a large stake in an AI company, but its financial reality is grounded in a deteriorating fireproofing business Key Takeaways: Easy…
