FAST NEWS: Chindata Reports 58.5% Revenue Growth in Q3, Reaffirms Full-Year Guidance

The latest: Data center operator Chindata Group Holdings Ltd. (CD.US) said its revenue rose 58.5% in the third quarter to 740.8 million yuan ($116 million), according to its latest quarterly results released on Wednesday. It posted a 78.4 million yuan profit for the period, representing its third consecutive quarterly profit and reversing a 196.8 million yuan loss in the year-ago period. Looking Up: The company reiterated its previous guidance for between 2.78 billion yuan and 2.83 billion yuan in revenue for the full year 2021. The reaffirmation comes as many…

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FAST NEWS: Job Specialist Kanzhun’s Revenue Doubles as Paying Corporates Soars

The latest: Online jobs specialist Kanzhun Ltd.(BZ.US), best known in China for its Boss Zhipin service, announced its revenue grew by 105.4% year-on-year in the third quarter to 1.2 billion yuan ($189 million), while its net profit rose by 7.5 times to 286 million yuan. Looking up: Revenue from Kanzhun’s core online recruitment services doubled year-on-year to 1.197 billion yuan as paying corporate customers increased by 110.5% to 4 million. Its much smaller paid value-added services for job seekers also increased 2.1 times to 14.6 million yuan. Take Note: The company previously…

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FAST NEWS: Weimob to Acquire Retail Data Specialist for $35 Million

The latest: Chinese e-commerce services provider Weimob Inc. (2013.HK) announced it will acquire 51.9% of XiangXinYun, a domestic provider of retail services for both online and offline operators, for 222 million yuan ($35 million). On completion of the transaction, XiangXinYun will become a subsidiary of Weimob. Looking up: XiangXinYun has been deeply involved in China’s national retail industry, both online and offline, for many years and has high strategic value for Weimob, whose business is centered on e-commerce. Its “Super Shopping Guide” app can improve product awareness and service capabilities…

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FAST NEWS: iClick Receives Second Buyout Offer as Bidding War Takes Shape

The latest: Digital marketing tools supplier iClick Interactive Asia Group (ICLK.US) said it has received a second unsolicited proposal to take the company private for $7.50 for each of its American depositary shares (ADSs). The offer came from Infinity Equity Management, and was received on Oct. 17. Looking Up: The new offer came less than a month after iClick received another offer to privatize the company for $6.75 per ADS from Asia-focused private equity firm PAG and Oasis Management Co., a Hong Kong-based activist hedge fund. That signals a bidding…

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