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…
FAST NEWS: Merger drives Luk Fook’s fourth-quarter sales growth
The Latest: Luk Fook Holding (International) Ltd. (1361.HK) said on Thursday its retail revenue in the fourth quarter of its fiscal year through March rose 12% year-on-year, exceeding the figure for the same…
Nayuki tweaks franchising model as competitors serve up rival listings
The premium tea seller had 205 franchised stores in its network at the end of March, following its decision last year to diversify beyond self-operated stores Key Takeaways: Nayuki’s new…
Chow Tai Fook glitters as hedge against lower interest rates
China’s leading jewelry seller has benefited from spiking gold prices that reached an all-time high after Iran’s drone attack on Israel last week Key Takeaways: Chow Tai Fook’s sales grew…
FAST NEWS: Lingbao Gold basks in glittery spotlight with new share sale
The Latest: Lingbao Gold Group Co. Ltd. (3330.HK) sold nearly 26.92 million new shares on Wednesday for HK$3.02 a piece, a 16% discount to the previous day’s close, raising HK$79.3 million ($10.1…
‘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…