Hotel Operator Greentree Getting Ready to Check Out of New York?

Company releases latest results two months later than usual, blaming delay on its recent exploration of ‘alternative listings’ Key points: Greentree’s exploration of ‘alternative listings’ reflects Beijing’s recent signals of displeasure at Chinese companies listing in New York Company is sharply undervalued compared with peers, despite business surpassing pre-Covid levels in June By Doug Young The latest quarterly results from hotel operator Greentree Hospitality Group Ltd. (GHG.US) show that China’s hotel industry is well on the road to recovery as the nation’s Covid-19 situation remains under control. But the more…

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Newly Merged dMed-Clinipace Turns Up Heat in China’s Booming CRO Market

Company’s new $50 million funding is the first since its April merger, as competition grows among nation’s contract research organizations (CROs)   Key points: dMed-Clinipace’s raises $50 million in the first funding since its merger to form a CRO specialist with global presence Eased regulations have fueled an influx of money and spate of M&A in China’s increasingly competitive landscape By Richard Barbarossa Fresh off the April merger that created a major new Sino-U.S. clinical oncology contract research organization (CRO), dMed-Clinipace has embarked on a new round of fundraising as…

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With Covid Fading, IMAX China Results Highlight Pre-Pandemic Cinema Troubles

Big-screen movie giant reports revenue-per-screen was just half of pre-pandemic levels in first half of 2020, even as other indicators approached pre-Covid figures Key points: IMAX China returned to profitability in the first half of 2021, though revenue and profits remained below pre-pandemic levels Company’s revenue-per-screen was down 50% from 2019, spotlighting overcapacity that was already ravaging Chinese cinema operators pre-pandemic By Doug Young With Covid-19 now under control for a year in China, things have largely returned to normal for most aspects of daily life. But that’s not necessarily…

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After Heady Start to 2021, Weimob and Baozun Fall Out of Investor Favor

E-commerce software giants’ stocks plunge after Credit Suisse gives both the cold shoulder and broader market sentiment sours Key Takeaways: Weimob, Baozun shares have been battered by factors unrelated to their fundamentals, including negative moves by Credit Suisse Analysts believe Weimob could be better positioned than Baozun for return to strong profit growth over the medium- to longer-term By Eric Auchard When it comes to U.S.- and Hong Kong-listed Chinese stocks, very little these days seems related to company fundamentals. That’s particularly true for companies whose main business is focused…

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Bamboo Works Launches as Premium Business Content Provider Bridging China and the West

Company’s founders bring over a century of experience from top financial media and global markets, including Wall Street Journal, Reuters, Alibaba and JPMorgan  (HONG KONG, July 26, 2021) – Bamboo Works announces its official launch as a premium business content provider (thebambooworks.com) with a focus on Chinese companies listed overseas. In a media realm increasingly divided between content creators and distributors, Bamboo Works is positioned as a creator of high-quality, analytical news, helping investors to better understand a large number of Chinese companies choosing to access global capital markets.   Bamboo Works provides premium content in both English and Chinese, and…

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Education Stocks Could Offer Bargains – For Those Who Choose Correctly

Massive selloff saw Chinese educator stocks fall as much as 70% on Friday on fears government could ban them from operating for profit Key points: Latest government ‘opinion’ document could ban private after-school education companies from operating on for-profit basis Policy is likely to meet with industry pushback, and also protest from parents who see it as too extreme By Doug Young This week may look like any other for most people, but it has turned into a sudden life-or-death situation for many of China’s private education companies. The group…

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Premium Tea Superstar HeyTea Brews Up Frothy Valuation

‘Celebrity’ tea shop operator was worth $9.3 billion after latest funding that raised $500 million Key points: HeyTea’s latest $500 million fundraising and $9.3 billion valuation represent a significant premium to recently listed smaller rival Nayuki Premium tea represents recent trend of ‘celebrity’ shops where people go as much to be seen and take photos as to drink flavored teas By Doug Young The apex of summer is a good time for a closer look at premium iced teas, which are in the headlines with the latest major fundraising by…

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Kintor Pharma Gets Mega-Booster from Experimental Covid-19 Drug

Company posted major milestone last week with the first emergency use authorization for its drug Proxalutamide to treat the coronavirus in Paraguay Key points:  Kintor Pharma’s Proxalutamide could become a blockbuster drug if it receives emergency use approval in the U.S. as a treatment for Covid-19 The company’s stock has jumped sevenfold this year, outpacing even the most bullish analyst targets By Alice Leung It’s relatively rare to see a stock trade higher than analysts’ targets, since such people tend to be quite bullish on the companies they follow. But…

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Tiger Brokers-Backed SPAC Makes Stealthy Trading Debut

TradeUP Acquisition Corp. raised $40 million as the second ‘blank check company’ sponsored by China’s No. 2 broker for Chinese investing in U.S. and Hong Kong stocks Key points: The ‘blank check company’ sponsored by Tiger Brokers made a quiet trading debut last week after raising $40 million The SPAC is part of the company’s fast-growing investment banking services for Chinese companies listing overseas By Doug Young Following a strong start to the year, Chinese IPOs in New York have ground to a sudden halt as companies figure out their…

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School Operator Hailiang Expands Franchise Model with Private Sector Tie-Up

Deal will see company take over management of two privately owned schools for the first time Key points: Hailiang has expanded its franchise-style business model with a new agreement to take over two privately owned schools in Shandong province The company is unlikely to be affected by the crackdown on private educators due to its focus on primary rather than extracurricular learning By Doug Young As a Sept. 1 “day of reckoning” fast approaches for China’s new generation of private education companies, one name that appears to be positioned above…

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