With Fast Growth but Bumpy Profits, Xuan Wu Cloud Poised for IPO Lift-off

The intelligent CRM services provider expanded on the back of China’s retail revolution and has now passed its IPO hearing with the Hong Kong Stock Exchange Key Takeaways: Xuan Wu Cloud, a CRM supplier with rising revenues and high client retention rates, gained IPO approval from the Hong Kong Stock Exchange The company’s net profits have been volatile and gross margins have fallen, as a major part of its revenue derives from the low-margin platform business By Lau Ming For some companies, unpredictable business conditions can clearly be an opportunity…

Read More »

FAST NEWS: Megvii Technology Chief Scientist Dead at 45

The latest: Sun Jian, the chief scientist and managing director of research at top China artificial intelligence (AI) company Megvii Technology Ltd., died at the age of 45 on June 14, the company said in an announcement. Looking up: Megvii Technology is one of the few companies in the world to have a self-developed deep-learning framework and owns a leading computer-vision research institute. The company said in the announcement it will continue to follow Sun Jian’s research mission and “climb the scientific peak.” Take Note: The death of Sun Jian, an…

Read More »