ClouDr Suffers Chronic Losses but Still Set for High-Value Health IPO

Online medical services provider ClouDr is about to list on the Hong Kong Stock Exchange. Its losses over three years amount to 7.6 billion yuan, but its IPO valuation is still much higher than peers such as Ping An Healthcare and JD Health Key Takeaways: ClouDr’s big investments in marketing and R&D have turned rapidly growing revenues into mounting losses Although far from profitable, the company has been popular with investors, worth 14.6 billion yuan after the final round of financing and seeing its valuation rise to 15.4 billion yuan…

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FAST NEWS: Gogox Oversubscribed 3x, But All Investors Can Receive Shares

The latest: Gogox Holdings Ltd. (2246.HK), an online logistics platform announced Thursday that the company’s Hong Kong public offering of 3.12 million shares was 3.05 times oversubscribed by retail investors, with a 100% win-lot ratio for investors subscribing for 200 shares per lot. The shares will be listed on the main board of the Hong Kong Stock Exchange on Friday (June 24). Looking up: The company received support from two cornerstone investors who subscribed for a total of 23.17 million shares, while the international offering of 28.08 million shares was marginally…

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Energy Monster Expands Its Reach, But Gets Bitten by Covid

The power bank operator formally known as Smart Share Global suffered a 13% decline in first-quarter revenue, and forecast a 30% decline in the second quarter Key Takeaways: •      Leading power bank provider Smart Share Global’s revenue fell 13% in the first quarter as it suffered from pandemic lockdowns •      Company hopes to improve performance with more efficient new power bank cabinet set to launch by the end of this year By Edith Terry When power bank operator Energy Monster (EM.US) made its Nasdaq market debut in April 2021, the…

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