JS Global Serves Up Big Profits on Pandemic-Fueled Home Cooking

Kitchen appliance maker’s shares jump 20% after it reports six-fold profit growth in second half of 2020 Key Takeaways: Kitchen appliance specialist JS Global profited handsomely from the cook-at-home trend during the global pandemic The company’s stock looks overvalued at its current price, including a single-day 20% increase after its latest earnings announcement By Doug Young An old saying goes that “one man’s misfortune is another man’s gain,” and that’s definitely the major theme in the latest financial report of JS Global Lifestyle Co. Ltd. (HKEx: 1691). The kitchen appliance…

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Government Environmental Priorities Put the Heat on Datacenter Operators

Recently-listed Chinadata looks most advanced among China’s top three independent operators in heeding calls to reduce carbon emissions Key Takeaways GDS Holdings remains the market leader among China’s major independent datacenter operators Chinadata could be best positioned to respond government carbon-reduction demands that could radically alter land-use and operating-efficiency strategies By Eric Auchard A major shift is shaping up in the real-world land grab by China’s major datacenter operators. While they may seem techy, datacenter operators have much in common with property developers: Their strategy boils down to buying up…

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Meitu’s Latest Earnings Report: Debutante, or Fading Beauty?

Beauty app operator edges closer to profitability as user numbers fall in shift to quality-over-quantity approach Key takeaways: Meitu is focusing its resources on people who spend money on its app rather than simply boosting its user base The shift could finally help it achieve profitability this year for its core operations. By Doug Young The latest earnings report from beauty app Meitu Inc. (HKEx: 1357) contains a lot of moving parts, reflecting a company still in search of elusive profits more than four years after its IPO. Investors clearly…

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WeChat Software Star Weimob Hit by More Loses, Big-Tech Scrutiny

Software as a service (SaaS) specialist’s latest results show it’s still suffering from a pandemic hit, as investors also worry about regulatory crackdown on WeChat parent Tencent Key Takeaways: Weimob’s 50% stock drop over the past month owes to concerns about its continued losses, as well as regulatory scrutiny of big tech Its intrinsic growth story remains intact as the company expands its customer base and partners By Eric Auchard Shares of Weimob Inc. (HKEx: 2013), the top supplier of cloud-based commerce and marketing software for merchants in China’s vast…

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Online Drug Supplier 111 Finds Tonic in B2B Focus

Company adds two fulfillment centers, inks deal with cancer drug maker BeiGene, in drive to consolidate its place as premier B2B specialist Key takeaways 111 Inc.’s aggressive pursuit of partnerships with global drug makers and expansion of its regional logistics centers bodes well for its B2B business growth The company may have to further expand its consumer-focused online healthcare services if it wants to truly compete with omnichannels like Alibaba Health and JD Health. By Richard Barbarossa Online drug and healthcare services provider 111 Inc. (Nasdaq: YI) is rapidly building…

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LexinFintech Finds Weaker Growth, Better Profits in Business Shift

Key takeaways: LexinFintech is transforming from a direct lender to a middleman that facilitates micro loans between banks and customers The transformation is hurting the company’s revenues due to the new model’s lower fees. But profitability is improving with lower risk levels By Doug Young We’ll start off the new week with a story that could be called, “A Tale of Two Fintechs.” A couple of weeks ago we looked at the story of FinVolution Group (NYSE: FINV), whose stock nearly doubled in a single day after it reported financial…

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JD’s Dada Puts More Stock in Grocery Basket

Company’s JDDJ e-commerce delivery service grows at twice the rate of its Dada Now general delivery service in fourth quarter By Doug Young E-commerce giant JD.com (Nasdaq: JD) has no shortage of publicly traded units for investors these days. One of the quieter members, local delivery specialist Dada Group (Nasdaq: DADA), has just released its latest quarterly earnings report, which is worth a further look before deciding whether its shares could be worth a try. In addition to its own New York- and Hong Kong-listed main units, JD has a…

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China’s Quora Files for New York IPO, Details Where to Find Profits

Apart from advertising, Zhihu hopes to find riches in services like paid memberships and e-commerce By Doug Young What do you do when you’re one of China’s best-known internet names but no one wants to pay for your service? In the West, that would be a good question for popular services like Quora or Wikipedia. In China, you would put that question to Zhihu Inc., a widely recognized name in its home market, a company which has just filed for a $100 million IPO in New York. Of course, it’s…

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