Day: August 1, 2022

Nebula Brands Emerges as Star to Watch in Global Constellation of Amazon Aggregators

China-based buyer of Amazon brands on Amazon marketplaces announces major new funding, with more expected in the next three months Key Takeaways: Nebula Brands has announced a major new fundraising, bolstering its place as China’s top player in an emerging global group of Amazon aggregators Company has purchased a number of Chinese brands in Amazon marketplaces since last year, but is likely to sharply accelerate the pace in the run-up to a potential IPO as early as 2025 By Doug Young China may be the “workshop to the world,” but…

Read More »

FAST NEWS: Yonghe Medical Expects Half-year Profit To Plunge 50% to 73%

The latest: Hair transplant specialist Yonghe Medical Group Co. Ltd. (2279.HK) issued a profit warning last last week, saying it expects a net profit of about 11 million yuan ($16.2 million) to 20 million yuan for the first half of the year, down 50.5% to 72.7% from 40.4 million yuan in the same period last year. Looking up: The company expects first-half revenue of approximately 673 million yuan to 823 million yuan, a decrease of 21.8% to 36.1% compared to revenue of approximately 1.05 billion in the same period last year, a…

Read More »

Alibaba Eyes Hong Kong Primary Listing as Hedge to U.S. Delisting Threat

Primary listing in Hong Kong in addition to its New York listing could also make the e-commerce giant’s shares accessible to mainland China investors Key Takeaways: Alibaba said it expects the upgrade of its secondary Hong Kong listing to primary listing status to be complete by the end of 2022 The SEC has placed Alibaba on a list of Chinese firms facing potential delisting as the deadline nears for U.S.-listed Chinese firms to comply with American audit rules By Ken Lo Alibaba Group Holding Ltd. (BABA.US; 9988.HK) applied for a…

Read More »

JinkoSolar Taps China Unit to Raise $1.5 Billion for New Projects

Leading solar panel maker will take advantage of a significantly higher valuation for its Shanghai- listed unit to raise money through a convertible bond issue Key Takeaways: JinkoSolar will issue up to 10 billion yuan worth of convertible bonds through its China-listed subsidiary to help fund two major new projects announced earlier this year The fundraising takes advantage of a major valuation gap between the U.S.-listed company, which trades at a P/E of 40, and the China-listed unit, whose P/E stands at around 130 By Doug Young There’s no question…

Read More »