Regulatory Wrinkles Spoil So-Young’s Latest Results

Despite posting solid second-quarter growth, cosmetic surgery platform spends much of its earnings call trying to ease investor concerns over a regulatory crackdown Key takeaways: So-Young International devotes much of its second-quarter results trying to ease investor concerns over a potential crackdown on China’s cosmetic surgery industry Company’s revenue rises 37% and profit jumps sharply in latest quarter as business rebounds from year-ago pandemic-induced slowdown By Doug Young The superficial story in the latest results for plastic surgery platform operator So-Young International Inc. (SY.US) was strong growth for top-line revenue…

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China Logistics Property Heading for Listed Company Exit Door?

Logistics warehouse operator’s chairman to sell most of his 28% stake to JD Logistics, paving the way for a possible buyout Key takeaways: JD Logistics has offered to buy an additional 26% of China Logistics Property’s shares for $515 million, raising its stake to 37% If that purchase is completed, JD Logistics could offer to buy out China Logistics’ remaining shares at a 9% premium to their pre-announcement price levels By Doug Young Logistics has become a hot topic in China these days, forming a crucial plank in the herculean…

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Dingdong Boosts Lead Over Older Rival for High-End Grocery Delivery

4-year-old company posts 80% revenue growth in its first quarterly earnings report, double the rate for its 7-year-old rival Missfresh Key points: Online grocer Dingdong boosted its edge over older rival Missfresh by posting sharply stronger revenue growth in the second quarter The two companies could be well positioned to avoid a recent wave of regulatory scrutiny due to their relatively small size

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Employment Specialist Kanzhun Shows It’s Down, But Not Out, With First-Ever Profit

Company posts 174% revenue jump in second quarter, but warns an ongoing cybersecurity review is likely to continue through at least the end of September Key takeaways: Kanzhun has posted its first-ever quarterly profit, fueled by a 174% jump in revenue Company warns that a cybersecurity review and concurrent freeze on new user signups is affecting its business, and could last through at least the end of September By Doug Young The maiden quarterly earnings report from leading online jobs specialist Kanzhun Ltd. (BZ.US), best known in China for its…

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Transitioning Auto Specialist Cango Can’t Outrace Macro Challenges

Company blames regulation, auto chip shortage for its stalling revenues, as it continues to ramp up car-trading services   Key Points: Cango has improved its overall performance with a timely shift toward auto trading to complement its struggling auto financing business Company blames regulatory challenges at home and global chip shortage for stalling revenue growth By Eric Auchard China’s race to create a successful car trading and financing platform blending online and offline services has become a game of business-model bumper cars, and an auto graveyard for some. The result…

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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 quarter while continuing to operate in the red Company simultaneously released first ESG report highlighting its role in helping China to achieve its carbon-reduction goals By Doug Young Sometimes your best asset isn’t in your financial statements. That seems to be the message coming from electronics recycling specialist AiHuiShou International Co. Ltd. (RERE.US), which has just conveniently released its first…

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Cloud Specialist Cloopen Remains Stuck on Earth

Company’s shares rally after latest results announcement shows solid growth, only to sink, then rise again, as stock trades at fraction of IPO price Key takeaways: Cloopen’s revenue grew 48% in the second quarter, and it forecast similar gains in the third quarter, as it chases share in China’s lucrative cloud services market Despite strongly rising revenues and more large enterprise customers, the company’s shares are still hovering near all-time lows By Mia Shanley It’s the Chinese cloud stock that just refuses to take flight. That’s despite another robust quarter…

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Online Information Expert Zhihu Finds Gold in Sponsored Content

Company often called the Quora of China got a third of its revenue from sponsored activity in its latest quarter, up from just 5% a year earlier Key points: Zhihu’s revenue rose 144% year-on-year in its latest quarterly results, fueled by a big increase in ‘content commerce solutions’ One of the company’s biggest challenges will be maintaining its credibility as it allows a growing volume of sponsored content onto its platform By Doug Young The latest earnings from Zhihu Inc. (ZH.US) are quite full of numbers and messages, as this…

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Trucking Specialist TuSimple’s Latest Report Is Hardly Simple

Second-quarter results show company in rapid expansion mode, and increasingly placing its bets on U.S. market for self-driving trucks Key points: TuSimple’s recent hiring spree and growing stable of major trucking partners show its autonomous driving technology is moving closer to commercialization Company’s highlighting of U.S. developments and muted discussion on China show it is rapidly moving its focus to the U.S. By Doug Young On the surface at least, autonomous truck driving specialist TuSimple Holdings Inc’.s (TSP.US) latest earnings report looks a lot like its name: quite simple. That…

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Truck Maker CIMC Vehicles Gets Jump-Start From Citigroup

Company’s undervalued shares jump 17% after U.S. financial giant discloses its purchase of a 6.7% stake worth around $200 million Key points: Citigroup has joined Singapore’s GIC by buying a major stake in Hong Kong-listed shares of state-owned truck maker CIMC Vehicles Even after a 17% rally following the investment, CIMC Vehicles’ Hong Kong stock still trades at a significant discount to global peers By Doug Young Bring up the subject of “shipping containers,” and the eyes of whoever is unlucky enough to hear you are likely to glaze over.…

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