FAST NEWS: CIMC Vehicles’ Controlling Shareholder Boosts Stake
The latest: Container truck manufacturer CIMC Vehicles (Group) Co. Ltd. (1839.HK; 301039.SZ) announced on Thursday its controlling shareholder purchased 27.05 million of its shares in the open market between Dec.…
Full Speed Ahead? Xiaomi’s Soaring EV Costs Raise Red Flag
The smartphone maker has posted lower revenue and adjusted profit in the third quarter, hit by falling product sales and prices. But its spending on a move into EV production…
FAST NEWS: Clarity Medical Reports Profit Decline, Eyes Chinese Mainland Acquisitions
The latest: Private ophthalmology hospital operator Clarity Medical Group Holding Ltd. (1406.HK) on Monday reported its net profit fell by 24.5% to HK$7.91 million ($1.01 million) in the six months…
FAST NEWS: Dada’s Revenue Soars, But High Costs Lead to More Losses
The latest: Local on-demand delivery and retail platform Dada Nexus Ltd. (DADA.US) reported its revenue rose 41.1% to 2.38 billion yuan ($332 million) in the third quarter, while its gross…
FAST NEWS: CIMC Profit Triples on Strong Overseas Sales
The latest: Container truck manufacturer CIMC Vehicles (Group) Co. Ltd. (1839.HK; 301039.SZ) announced on Tuesday its third-quarter net profit jumped 201% to 295 million yuan.Excluding non-recurring items, the profit was…
FAST NEWS: Fosun Tourism Plunges After Controlling Shareholder Cuts Holdings
The latest: Resort operator Fosun Tourism Group (1992.HK) announced on Wednesday its controlling shareholder, Fosun International (0656.HK), agreed after the market closed Sept. 5 to sell 28 million shares of the company…
FAST NEWS: No Juice for Fruit Giant Hongjiu on Hong Kong Trading Debut
The latest: Chongqing Hongjiu Fruit Co. Ltd. (6689.HK), one of China’s three fresh fruit giants, made a subdued debut in its first day of trade on Monday. The company's public…
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