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…
Not quite closure: Alibaba exit leaves questions for SenseTime
Investors have been cashing out of the Chinese AI specialist while other AI stocks around the world are surging Key Takeaways: SenseTime’s battered share price enjoyed a brief bounce after…
Cross-Border E-commerce Trader Zibuyu Files for IPO Despite Sinking Profits
The company is making a third attempt at a Hong Kong listing, but its heavy reliance on the U.S. and Amazon led to a 46% profit plunge in the first…
Alibaba Logs Slowest Revenue Growth But Investors See Bright Side
Alibaba shares jumped even after it reported the slowest quarterly revenue growth (more…)
Oriental Culture Builds Up Lively Business on Art, Wine and Tea Traders
Young company has carved out a comfortable niche in C2C e-commerce, fueling triple-digit growth in both revenue and profits last year Key Takeaways: Oriental Culture’s revenue doubled last year to…
Daojia Chases Unicorn Status on China’s Growing Thirst for Maids, Nannies
Provider of domestic workers to nation’s expanding middle class files for New York IPO with initial fundraising target of $100 million Key points: Domestic worker provider Daojia is unlikely to…