Star-Backed MedSci Healthcare Takes New Stab at IPO

The online physician platform that counts Qiming and Tencent as investors has made its second filing for a Hong Kong listing Key Takeaways: MedSci Healthcare has filed a second application for a Hong Kong IPO less than a month after its original application expired Tencent invested 300 million yuan in the company last year, raising its valuation to 4.3 billion yuan By Tina Yip It was a sellers’ market for much of the last two years if you had shares to offer in anything even remotely connected to the world…

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FAST NEWS: Linklogis Third-Quarter Profit Plunges as Clients Suffer Covid Hit

The latest: Supply chain financing solutions provider Linklogis Inc. (9959.HK) said Tuesday it expects to record an adjusted profit of approximately 153 million yuan ($21.6 million) for the first nine months of the year, down 37% year-on-year. Looking up: Linklogis said that expanded up-front investments in new business opportunities and new customers resulted in an increase in its up-front expenditure for research and development, sales and marketing for the period. But it expects such expenditures will translate into long-term growth opportunities. Take Note: The company recorded an adjusted profit of just 25…

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FAST NEWS: Supply Chain Financing Disruptions Drag Down Linklogis Profit

The latest: Supply chain financing solutions provider Linklogis Inc (9959.HK) announced Thursday that it expects to post an adjusted profit of 125 million yuan ($18.5 million) to 130 million yuan for the first half of the year, down 14.5% to 17.8% from 152 million yuan in the same period last year. Looking up: The company’s gross profit and gross margin increased in the first half, benefiting from optimization of its product structure. The group has also started to optimize its organizational structure and improve operational efficiency to control operating expenses, with…

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Yidu Tech Pares Losses in Search of Elusive Profits

The medical big data company’s loss narrowed by 80% in its latest fiscal year, though its revenue growth slowed in the second half of that period Key Takeaways: Yidu Tech’s revenue rose 43% in its fiscal year through March, though that figure was down from the 62.3% growth figure for the first half of its fiscal year The company is well positioned to benefit from Beijing’s efforts to improve efficiencies in China’s sprawling but fragmented healthcare sector By Christina Meng The past year hasn’t been great tonic for shareholders of…

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LinkDoc Formally Withdraws Its U.S. IPO. Next Stop, Hong Kong?

Medical big data company has filed with U.S. securities regulator to officially terminate its plan to raise $200 million through a New York listing Key Takeaways: LinkDoc has formally withdrawn its plan to raise $200 million from a U.S. IPO, nine months after its 11th hour halt to the listing Three other Chinese companies with pending U.S. listings could revive their plans in the second half of this year as last year’s regulatory turmoil shows signs of receding By Doug Young Medical big data firm LinkDoc Technology Ltd. has formally…

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FAST NEWS: Linklogis Adjusted Profit Rises 50% on Improving Operations

The latest: Supply chain financing solutions provider Linklogis Inc. announced a loss of 12.99 billion yuan ($2.04 billion) last year, 17 times the 720 million yuan loss it reported in 2020, equating to a loss of 7.78 yuan per share, according to its 2021 financial results released late Tuesday. Looking up: The company’s latest big loss was mainly due to a 13.09 billion yuan loss related to fair value changes for some of its financial liabilities. Excluding that non-operating activity, it reported an adjusted profit of 289 million yuan last…

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