Budget air con giant catches chill from tepid home economy, Middle East war
Aux Electric blamed its 13% revenue decline in the first half of 2026 on the Iran war, yuan appreciation and rising copper costs Key Takeaways: Aux reported its revenue fell…
2580.HK
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…
2268.HK
China's state playbook fuels humanoid robot boom, resolves Evergrande crisis
"With things like this in China, there's always an element of surprise to some extent simply because the system is so opaque that nobody knows what's going on." – on…
Modern Dairy squeezes profits from tough milk market
The company swung to the black in the first half of the year by banking on rebounding cattle prices and lower costs, even as milk prices remained stuck in the…
1117.HK
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…
QFIN.US
Its stock eviscerated, Keep faces difficult road back to fiscal fitness
The fitness company’s online paid revenue plummeted in the first half of this year, as it increasingly relies on growing sales of branded fitness products Key Takeaways: Keep Inc.’s revenue…
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IPO 
Fosun tries again with new Club Med Hong Kong IPO bid
The plan would mark the third time as a public company for the resort operator, following previous listings in Paris, and later in Hong Kong as Fosun Tourism Key Takeaways:…
Qdama misses listing window as revenue slumps, profit stagnates
China's largest community-based fresh food chain has reapplied to list in Hong Kong, planning to use the funds to boost its store network and supply chain capabilities Key Takeaways: Qdama…
Energized by strong profit growth, Zenergy Battery eyes Shenzhen IPO
The mid-tier EV battery maker is targeting domestic Chinese investors with its new listing plan, as it aggressively expands its capacity Key Takeaways: Zenergy Battery expects to report its net…
From 4G boxes to SOS for motorists: Yodosmart finds second growth curve
The car technology company has filed to list in Hong Kong, as it pivots from automotive communication boxes to automated accident emergency call systems Key Takeaways: Yodosmart has renewed its…
New Energy 
Xpeng holds its ground in China’s EV slog, looks to robots
The company’s flat second-quarter deliveries outperformed a shrinking home market, while overseas expansion and a major robotics initiative offer new paths to growth Key Takeaways: Xpeng’s EV deliveries held steady…
Nickel prices polish up its profits, but CNGR pivots towards phosphates
The producer of battery materials posted higher first-half earnings, helped by a rebound in nickel prices, as it expands into new technologies for energy storage Key Takeaways: To keep pace…
Bribery arrests and subsidy cuts signal a painful new era for China’s green energy companies
"Inevitably, at some point in time, order had to be restored to that market, and definitely some of the projects have been caught with their pants down." — commenting on…
Consumer 
Budget air con giant catches chill from tepid home economy, Middle East war
Aux Electric blamed its 13% revenue decline in the first half of 2026 on the Iran war, yuan appreciation and rising copper costs Key Takeaways: Aux reported its revenue fell…
Modern Dairy squeezes profits from tough milk market
The company swung to the black in the first half of the year by banking on rebounding cattle prices and lower costs, even as milk prices remained stuck in the…
DPC Dash bakes up Domino’s pizza giant with Chinese characteristics
The operator of the Domino’s Pizza chain in China reported 20.8% revenue growth in the first half of the year, driven by rapid store expansion and rising transaction volumes Key…
Its stock eviscerated, Keep faces difficult road back to fiscal fitness
The fitness company’s online paid revenue plummeted in the first half of this year, as it increasingly relies on growing sales of branded fitness products Key Takeaways: Keep Inc.’s revenue…
ATRenew profits from preference for trade-ins, used electronics as memory prices soar
The recycling specialist’s revenue grew 32.4% in the second quarter, easily beating its earlier guidance, as its core product sales rose nearly 36% Key Takeaways: ATRenew’s revenue rose 32.4% in…
Healthcare/biotech 
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…
Cancer drug sales power up Kelun-Biotech’s profit engine
The firm made more money from precision oncology treatments than from licensing deals in the first half, after gaining insurance coverage for its core drugs in China Key Takeaways: The…
Cash-strapped Sirnaomics seeks lifeline in cosmetic treatments
The biotech is suing its former CEO over an ill-fated $20 million investment as it pursues a short-term pivot from skin cancer drugs to body-contouring therapies Key Takeaways: After the…
Alphamab seals $2.2 billion licensing deal with AI biotech
The Chinese drug firm has chosen to partner with an AI specialist rather than Big Pharma on a dual-target cancer therapy, netting an upfront payment of $125 million Key Takeaways:…
Finance 
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…
FinVolution finds balance with prudence at home, growth abroad
The credit-tech platform reinforced its China business with improved risk metrics in the second quarter, while turning its overseas business into a more meaningful profit source Key Takeaways: FinVolution’s risk…
Linklogis swings back to the black amid pivot away from property
The company returned to profitability in the first half of 2026 after three years of annual losses, but whether it can sustain that momentum remains to be seen Key Takeaways:…
Lufax reshuffles board as delisting clock ticks down
Four directors at the Ping An-backed online loan facilitator, including its CFO, resigned as it races to resolve its prolonged Hong Kong trading suspension Key Takeaways: Four Lufax board members…
Ecommerce 
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…
TikTok, Southeast Asia boost prospects for Miduoduo IPO
China’s fifth-largest marketing services provider for cross-border e-commerce customers is shifting to social media platforms and its own direct sales for growth Key Takeaways: Miduoduo has chalked up three years…
Who needs Dingdong? Alibaba answers Meituan with super-sized Pupu bid
Alibaba is reportedly offering $1.5 billion for regional online grocer Pupu, more than double the $600 million offered by a previous bidder Key Takeaways: Alibaba is reportedly bidding $1.5 billion…
AI/Infrastructure/Resources 
China’s state playbook fuels humanoid robot boom, resolves Evergrande crisis
"With things like this in China, there's always an element of surprise to some extent simply because the system is so opaque that nobody knows what's going on." – on…
Kanzhun eyes Brazil, Argentina and Vietnam as growth slows at home
The recruitment app operator’s revenue has slowed steadily over the last three years as it solidifies its dominant position in China Key Takeaways: Kanzhun’s revenue grew 14.1% in the second…
Nickel prices polish up its profits, but CNGR pivots towards phosphates
The producer of battery materials posted higher first-half earnings, helped by a rebound in nickel prices, as it expands into new technologies for energy storage Key Takeaways: To keep pace…
Keytop hits the skids less than two months after Hong Kong IPO
China’s ‘first smart parking stock’ reported double-digit revenue and profit declines in the first half of 2026, blaming project delays Key Takeaways: Keytop Parking reported its revenue fell 11.9% in…
