Investors Take Comfort in Full Truck Alliance’s Business Update

Shares of trucking logistics specialist are up more than 40% over last week after it said its order volume grew 88% in the second quarter Key points: Full Truck Alliance’s stock is down by a third since its June IPO as it faces a cybersecurity review that has yet come to reach conclusion  The company’s shares have rallied over the last week after it revealed its order volume and gross transaction value rose 88% and 58%, respectively, in the second quarter,   By Mo Yelin We may be banned from…

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After Heady Start to 2021, Weimob and Baozun Fall Out of Investor Favor

E-commerce software giants’ stocks plunge after Credit Suisse gives both the cold shoulder and broader market sentiment sours Key Takeaways: Weimob, Baozun shares have been battered by factors unrelated to their fundamentals, including negative moves by Credit Suisse Analysts believe Weimob could be better positioned than Baozun for return to strong profit growth over the medium- to longer-term By Eric Auchard When it comes to U.S.- and Hong Kong-listed Chinese stocks, very little these days seems related to company fundamentals. That’s particularly true for companies whose main business is focused…

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Everest Medicines Ties With Tencent to Scale Last Mile to Patient Care

Back-to-back deals with Tencent and Medbanks Health seek to build new distributing partnerships ahead of expected first drug approvals Key points: Everest Medicines could gain valuable distribution channels through its new partnerships with Tencent and Medbanks Both new partners have users bases on ‘closed-loop’ healthcare platforms providing everything from checkups to drug sales By Richard Barbarossa What do cutting-edge cancer drugs and social media have in common? Not much, really. But that unlikely pairing is bringing together cancer and autoimmune disorder drug startup Everest Medicines Ltd. (1952.HK) and leading social…

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Transforming Used Car Seller Uxin Gets Charge from Big-Name New Investors

Electric car startup Nio and private equity firm Joy Capital provide $100 million in much-needed new funding Key points: Uxin’s $100 million in new funds comes at a big discount in exchange for much-needed new capital and well-connected partners Investors are betting on big revenue growth as company transforms to a direct seller of used cars from previous middleman business model By Doug Young When it comes to doing business, having the right people on your board can be a huge asset by providing valuable connections to funding and other…

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Boqii Cuddles Up to Premium U.S. Pet Food Maker

Online pet community operator signals intent to make more strategic investments as it buys undisclosed stake in Better Choice Key Points: Boqii’s investment in U.S. premium pet food maker Better Choice could signal start to strategic acquisition campaign Company is relatively cash-rich, with $70 million in its coffers following its U.S. listing last fall By Doug Young Regulatory concerns about user data protection have thrown a major spanner in the works at U.S.-listed Chinese companies these days, both those already trading in New York and those preparing to list. But…

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Wall Street Gives Thumbs Down to Online Grocers’ Business Model

Direct sales model used by Dingdong and Missfresh could put them at a disadvantage to Pinduoduo, Meituan Key points: Dingdong and Missfresh use a centralized direct sales model, compared with a less costly model used by newer rivals Pinduoduo and Meituan Dingdong and Missfresh may soon be forced into cash-conservation mode due to their limited funds and heavy losses By Wang Chuan U.S. investors have given a chilly reception to newly listed online grocers Missfresh Ltd. (MF.US) and Dingdong Ltd. (DDL.US), worried about both companies’ continued losses in the face…

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China Shows Full Truck Alliance, Kanzhun Who’s Boss

Cyberspace authority’s probes into newly listed internet companies is aimed at making them think twice about U.S. IPOs     Key points: A new series of government cybersecurity probes is aimed at Chinese internet companies that have recently listed in the U.S. The probes are designed to make such companies think twice about making U.S. IPOs, but not to halt them By Doug Young Today we’ll take a deep dive into the subject everyone in China’s corporate realm is talking about, namely the newly announced government probes into logistics company Full…

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Cosmetic Surgery Information Hub So-Young Dolls Up With Major Acquisition

Plan to buy 85% of Wuhan Miracle Laser System for $122 million would represent company’s biggest purchases since its 2019 IPO Key points: So-Young’s $122 million purchase of a laser medical equipment maker represents its biggest investment since its 2019 IPO Such investments could help to drive So-Young’s growth, though it needs to better articulate its acquisition strategy for investors By Doug Young Cosmetic surgery specialist So-Young International Inc. (SY.US) was probably hoping that news of the first major acquisition since its 2019 IPO would make it prettier to investors.…

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Surging Online Grocer Dingdong in Focus After Missfresh’s Stale Trading Debut

Missfresh’s shares drop 26% on their first trading day, as shares of larger rival Dingdong get set to debut this week Key points: Online grocer Missfresh’s weak trading debut could reflect investor concerns about its slowing growth and loss of its No. 1 status A similarly weak debut this week for leader Dingdong could show market sentiment is cooling towards Chinese tech firms By Doug Young When it comes to just about any company in China, investors seem to like growth over almost all else – even if that growth…

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Cloopen’s Sinking Stock Defies Fundamentals, Lawyers

Cloud services provider’s stock has lost half its value since its strong February IPO, despite solid performance in its post-listing reports Key takeaways: Cloopen’s growth appears stable and may even be accelerating as it gains a foothold in China’s lucrative cloud services market A sharp decline in the company’s stock post-IPO has left many scratching their heads, including two shareholder lawsuit specialists By Doug Young There’s plenty of mystery surrounding stocks trading on China’s domestic markets in Shanghai and Shenzhen, where rumor and behind-the-scenes manipulation often play as big or…

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