AiHuiShou’s Q2 Revenue Rises 56%, Fueled by Growing Electronics Recycling Network
Company releases first ESG report alongside its maiden earnings, aiming to spotlight its role in achieving China’s carbon-reduction goals Key points: AiHuiShou posts 56% revenue growth in its latest reporting…
New Horizon Health launches probe into disputed sales figures
The provider of cancer-screening products issued a positive profit alert in January, but the full earnings report has yet to appear after auditors raised questions about the company’s revenues Key…
FAST NEWS: Chabaidao’s weak debut bodes poorly for stream of new bubble tea stocks
The Latest: Shares of Sichuan Baicha Baidao Industrial Co. Ltd. (2555.HK, Chabaidao) fell 26.9% from their IPO price of HK$17.50 to close at HK$12.80 in their Tuesday trading debut in…
EHang seeks capital refueling as its self-flying vehicles inch toward grand takeoff
The maker of autonomous aerial vehicles is seeking to raise up to $100 million in a public offering of new shares Key Takeaways: EHang said it plans to sell up…
FAST NEWS: Cango announces new $50 million share repurchase plan
The Latest: Car trading platform operator Cango Inc. (CANG.US) on Tuesday announced a new program to purchase up to $50 million worth of its American depositary shares (ADS) on the…
Mao Geping dolls up for Hong Kong IPO
The high-end cosmetics brand banks heavily on the name of its famous founder, which may be one of its biggest risks Key Takeaways: Mao Geping Cosmetics has filed for a…
FAST NEWS: Li Ning’s e-commerce sales jump in first quarter
The Latest: Sportwear retailer Li Ning Co. Ltd. (2331.HK) announced Monday its retail sales, excluding the Li Ning Young sub-line, recorded low-single-digit year-on-year growth in the first quarter. Looking Up: The company’s e-commerce…
Fosun Tourism’s post-Covid holiday fizzles
The resort unit of one of China’s leading conglomerates posted modest growth in the first quarter, as its broader outlook was clouded by debt issues at its parent Key Takeaways:…