FAST NEWS: East Buy’s profit tumbles on higher expenses
The latest: Livestreaming e-commerce platform East Buy Holding Ltd. (1797.HK) on Wednesday reported its net profit for the six months through last November fell by 57.4% year-on-year to 249 million yuan…
East Buy drama offers lesson on the power of key influencers
The clash between the e-commerce company’s CEO and its top livestreaming host touched off a roller coaster ride for its shares Key Takeaways: East Buy fired its longtime chief Sun…
East Buy ditches tuition to become pure e-commerce player
The former leader in online education is shedding its remaining tutoring business to concentrate on livestreaming and online product sales Key Takeaways: East Buy is selling its tutoring business to…
CHINA BULLETIN: China Frets Over Trade
In this week’s issue growing trade troubles, sagging smartphone sales and British Airways jets back to China. On a scale of 1 to 100, we give the week a 50 for offshore-listed China stocks.
Gaotu Grows Up With New Adult Focus, Return to Profitability
The company posted a third consecutive quarter of sequential revenue growth in its new form as a provider of education services for college students and adults Key Takeaways: Gaotu recorded…
Healthcare Overtakes New Energy as Top Category for Chinese Concept Stocks in 2022: Bamboo Works Special Report
The Year of the Tiger was a tough one for China and Chinese concept stocks, marred by frequent Covid disruptions and ongoing tensions between the U.S. and Chinese securities regulators
Golden Sun Education Shines Brightly in New York Trading Debut
The foreign language educator’s shares quadrupled on their New York debut on Wednesday, and continued to climb on their second day Key Takeaways: Golden Sun Education’s shares quadrupled in their…