China’s Self-Dubbed ‘Fruit McDonalds’ Seeks Juice from Hong Kong IPO

Shenzhen Pagoda reportedly hopes to raise $500 million, aiming to attract investors with its booming online business Key takeaways: China’s biggest fruit retailer Shenzhen Pagoda has filed for a Hong Kong IPO, following two previous failed attempts to list in Hong Kong and on the mainland’s A-share market Company’s online retail sales have helped keep revenue growing despite pandemic store closures, but are also dragging on profits By Li Yaoyao and Jony Ho Online distribution channels can help traditional retailers boost their revenues. But getting a similar boost for their…

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FAST NEWS: Yixin’s Auto Finance Growth Slows Sharply in First Quarter

The latest: Yixin Group Ltd. (2858.HK), an internet-based auto financier, announced its auto financing transactions totaled 151,200 in this year’s first quarter, up 27.06% year-on-year. The figure included financing transactions for 63,800 new car and 87,400 used car purchases. Looking up: The group’s new “after-market business” offering auto insurance, maintenance and care to car owners has grown steadily in recent years, with 70,700 transactions in the first quarter, up 13.9% from the same period last year. Take Note: The latest 27% growth in auto financing transactions is down sharply from…

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Stodgy Tax Services IPO Looks Like What U.S. Investors Want from China Now

Lichen China’s plan to raise $25 million avoids most of the controversies that have recently plagued U.S.-listed Chinese companies Key Takeaways: Lichen China has filed for an IPO to raise about $25 million, positioning itself as a potential consolidator in China’s vast, but highly fragmented, tax services market Company points out it should be able to avoid many of the recent controversies now dogging U.S.-listed Chinese stocks  By Doug Young If controversy on a number of fronts is keeping Chinese firms away from new listings in New York, the latest…

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