If JD Tech Is Getting Back on IPO Track, Could Ant Group Be Next?

China’s securities regulator is reported to be taking another look at JD Technology’s IPO application and might approve the listing at the end of the year. The market thinks Alibaba’s Ant Group may also be getting close to reviving its IPO Key Takeaways: Reports are circulating that Chinese securities regulators are reviewing JD Technology’s IPO application, and that the firm’s investment bankers have resumed work on the listing Meanwhile, Ant Group has taken a potential step towards a revived IPO after boosting the registered capital of its consumer finance arm…

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Baozun Emerges from E-Commerce Shadows with Gap China Purchase

The provider of e-commerce tools with close ties to Alibaba hopes its acquisition of the U.S. retailing giant’s China operations can revive its stalling growth Key Takeaways: Baozun’s newly purchased Gap Greater China operation will become the cornerstone for its new brand management unit The Alibaba-backed company is looking for new growth venues as its core business as an e-commerce tools provider stalls By Shirley Lau Baozun Inc. (BZUN.US; 9991.HK), a sort of “Shopify of China,” raised eyebrows earlier this month when it announced it would acquire U.S. clothing retailer…

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Dingdong Sticks to Profit Delivery Promise by Year End

The online grocer trimmed its non-GAAP net loss by 86% in the third quarter, but also reported its first-ever revenue decline as it focused on cost controls and higher-margin products Key Takeaways: Dingdong’s non-GAAP net loss narrowed by 86% in the third quarter, as it reiterated its goal of achieving breakeven on that basis by year-end The company’s gross margin improved markedly on strong cost controls and a focus on higher-margin products By Trevor Mo Ever since leading online grocer Dingdong Cayman Ltd. (DDL.US) reported its first ever non-GAAP profit…

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No Happiness in ‘Double 11’ Shopping Fest for Depressed Alibaba

The e-commerce giant may record its first-ever sales decline in this year’s ‘Double 11’ online shopping extravaganza as its shares sink to their 2014 IPO level Key Takeaways: Alibaba’s merchandise sales for this year’s ‘Double 11’ festival, also known as ‘Singles’ Day,’ could drop 1.5% year-on-year, according to a Bloomberg forecast The company’s depressed stock has recently traded as low as $58.01, below the $68 price from its blockbuster New York IPO in 2014 By Fai Pui The shopping fest known as “Singles’ Day” in China has been a goldmine…

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Autohome Rides Government-Fueled Boom in Car Sales That May Prove Temporary

The internet auto trader benefitted nicely from a recovery in car sales in the third quarter, powered by various government incentives Key Takeaways: Autohome’s revenue increased 4.5% year-on-year in the third quarter, representing the first growth since the start of 2021 China’s car sales recovered strongly in the third quarter, but the momentum may not last as the effect of government sweeteners that helped to fuel the rebound start to fade By Warren Yang Online car trader Autohome Inc. (ATHM.US; 2518.HK) is riding a recovery in China’s car market, fueled…

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At Cusp of a Turnaround, Weimob Finds Bargain in Its Own Beaten-Down Stock

The provider of e-commerce services to small and medium-sized enterprises wins back market favor after a third-quarter business rebound Key Takeaways: Weimob’s SaaS orders rose 30% year-over-year in the third quarter, as it logged a 30% quarter-on-quarter jump in gross advertisement billings The e-commerce software provider has bought back its shares nine times in the last month and received a vote of confidence from JPMorgan, which recently boosted stake in the company By Ken Lo E-commerce software as a service (SaaS) provider Weimob Inc. (2013.HK) has felt the pain of…

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Margins, Anyone? Yum China Wows Investors With Improved Efficiency

Operator of KFC and Pizza Hut chains in China reported its best restaurant margins in four years, lifted by a ‘perfect storm’ of factors, some temporary and others long-term Key Takeaways: Yum China reported its restaurant margin rose to 18.8% in the third quarter from 12.2% a year earlier, marking its best performance of that metric since 2018 The KFC and Pizza Hut operator for China reported a return to revenue growth in the third quarter, but cautioned the country’s Covid-controls intensified in October By Doug Young It may not…

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Things Don’t Add Up Well in Used Computer Renter’s IPO Bid

LX Technology Group, parent of ‘Little Bear Rental,’ has been approved for a Hong Kong listing, despite losing more than $100 million over the last three years Key Takeaways: LX Technology, parent of Little Bear Rental, has been approved for a Hong Kong IPO, despite losing over 740 million yuan in the past three and a half years Its major early shareholders, including Tencent, Lenovo and JD.com, have started cutting their ties with the company even before the IPO By Tina Yip These are not the best of times for…

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Li Ning Tripped Up by Chinese Nationalists

The sportswear brand apologized after one of its new designs was accused of recalling a humiliating period for China, but its stock still suffered Key Takeaways: Sportswear maker Li Ning’s shares took a beating after the company came under fire for new designs that resembled hats worn by Japanese soldiers during World War 2 Although such scandals are typically short-lived, they can have a big impact if handled improperly, experts say By Jose Qian When Li Ning Co. Ltd. (2331.HK) held a fashion show in September, the leading sportswear brand…

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New Oriental Emerges from Carnage of Education Cleanup

Leading education services provider returned to profitability in its latest reporting quarter, drawing on new focuses in overseas study and non-academic tutoring Key Takeaways: New Oriental Education returned to profitability in its latest reporting quarter, as its revenue declines continued to ease The company’s new business mix after China banned K-12 tutoring in core curriculum areas includes non-academic tutoring and study abroad services By Doug Young Despite making earlier headlines with its creative new foray into livestreaming e-commerce, the latest quarterly results from New Oriental Education and Technology Group Inc.…

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