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…
‘Perfect Storm’ of factors fuels rise in smartphone recycling
Government initiatives and industry focus on environmental responsibility and standardization are boosting used smartphone sales, even as new product sales flatten By Kerry Xuefeng Chen A confluence of factors…
To meme or not to meme: Shengfeng stock on roller coaster ride in its first year
The niche logistics company’s shares have swung widely since their public debut a little more than a year ago, but may have finally settled at a realistic level Key Takeaways:…
After big landlord concessions, CTG Duty-Free dogged by weak spending
The duty-free store operator’s financial performance rebounded last year, but lackluster results in the first quarter of 2024 may reflect growing consumer caution Key Takeaways: CTG Duty Free’s first-quarter profit…
PODCAST: A Fitch Downgrade, and New Steps to Bring Back Global Tourists
Fitch has lowered its outlook on China's sovereign rating to "negative," citing economic uncertainty. What does this mean for investors, and what's the likelihood of an actual ratings downgrade? And China has ordered all hotels rated three stars or higher to accept foreign credit cards. Will this help to bring back foreign travelers after three years of Covid isolation?
FAST NEWS: JPMorgan ups stake in CTG Duty Free
The Latest: U.S. banking giant JPMorgan purchased about 126,000 Hong Kong-listed shares of China Tourism Group (CTG) Duty Free Corp. Ltd. (1880.HK; 601888.SH) on April 10, raising its stake in the duty-free…
Zongmu joins autonomous driving queue at Hong Kong IPO tollgate
The maker of autonomous parking solutions is unlikely to impress investors with its big losses and anemic 6% revenue growth last year Key Takeaways: Zongmu Technology has filed to list…
Deadbeat developer debt collection enters new phase with Shimao liquidation
China Construction Bank’s request to liquidate Shimao shows that state-owned banks are starting to take legal action to recover their money from the debt-ridden industry Key Takeaways: A unit of…