Chinese Companies Raise Big Bucks in New York, Hong Kong

Eight U.S.- and Hong Kong-listed Chinese companies have collectively raised more than $2 billion this month, mostly through new share issues Key Takeaways: By Doug Young Long-suffering U.S.- and Hong Kong-listed Chinese companies are taking advantage of recent positive sentiment to raise billions of dollars, bringing new meaning to the old adage “make hay while the sun shines.” This month alone, the group has raised more than $2 billion in at least eight deals, led by a $580 million fundraising by data center operator GDS (GDS.US; 9698.HK).   The amount…

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Weimob to Raise $205 Million in Campaign to Jumpstart Growth

The provider of e-commerce software tools is the latest Hong Kong-listed company selling new shares to seize on strong market sentiment towards Chinese stocks Key Takeaways: By Trevor Mo A desire to seize on positive market sentiment looks like the driving factor behind e-commerce services provider Weimob Inc.’s (2013.HK) announcement of a large fundraising plan through a new share issue last Friday. But below that appearance, a strong desire to return to the heady growth of earlier days could be the bigger motivator behind the software as a service (SaaS)…

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Wumart-backed Dmall Seeks IPO Boost, But Family Ties Can Also Bind

The provider of cloud services for retailers is looking to raise funds in a Hong Kong IPO after reporting losses totaling 4.23 billion yuan in recent years Key Takeaways: Dmall posted a 1.83 billion yuan loss last year and its cash pile has fallen below 500 million yuan Most of its revenue comes from serving Wumart-related retailers, but the close ties hold back its potential for growth beyond the Wumart family By Ken Lo A company that provides cloud services for the Chinese retail powerhouse Wumart, and other well-known shopping…

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At Cusp of a Turnaround, Weimob Finds Bargain in Its Own Beaten-Down Stock

The provider of e-commerce services to small and medium-sized enterprises wins back market favor after a third-quarter business rebound Key Takeaways: Weimob’s SaaS orders rose 30% year-over-year in the third quarter, as it logged a 30% quarter-on-quarter jump in gross advertisement billings The e-commerce software provider has bought back its shares nine times in the last month and received a vote of confidence from JPMorgan, which recently boosted stake in the company By Ken Lo E-commerce software as a service (SaaS) provider Weimob Inc. (2013.HK) has felt the pain of…

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Plus Digital Seeks to Ride a Boom on Software Services for Retailers

The provider of digital sales and marketing tools for fast-moving consumer goods brands is seeking to go public in Hong Kong as sales of its subscription-based services boom Key Takeaways: Plus Digital has filed for a Hong Kong IPO, reportedly seeking to raise about $150 million Subscription-based software services have emerged as the new growth driver for the company in the past few years By Tina Yip As the Hong Kong IPO market shows signs of revival, Plus Digital Technologies Inc. is wasting no time trying to capitalize on booming…

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Tuya Seeks Hong Kong IPO to Hedge U.S. Delisting Risk, But Investors Are Wary

With the possibility of being forced to delist from the U.S. market by the SEC, Tuya is primarily seeking a safe harbor and only aims to raise a conservative HK$140 million Key takeaways: Tuya’s failure to turn a profit and a lackluster performance of the overall share market in Hong Kong has dampened investor interest The first-quarter loss of the internet of things company widened by 35.6% year-on-year as a result of rising R&D and operational costs By Fai Pui As the diplomatic and economic showdown between Beijing and Washington…

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New Energy Lands as Hottest Category Among Chinese Concept Stocks in 2021 – Bamboo Works Special Report

Investors kept a close look at China’s solar and wind power stocks last year, but were least interested in the hobbled education sector By Bamboo Works team Chinese concept stocks experienced unprecedented challenges in the Year of the Ox. The small and mid-sized companies covered by Bamboo Works were no exception, also coming under intense pressure. Looking past their stock prices and financial reports, how did these companies perform in terms of media and investor attention? Which companies stood out despite all the pressures? Our special report highlights such trends…

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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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Tencent-Backed Weimob’s Big Investors Head for Exit Doors

UBS, Credit Suisse, JPMorgan and Black Rock have all sold down stakes in e-commerce services provider in recent months Key takeaways: Several of Weimob’s big-name shareholders have been selling down their stakes in the company over the last three months Tencent-backed Weimob announced a HK$1 billion share buyback last month to relieve the selling pressure By Doug Young Fall 2021 might well be called the season of the “big exit” for Weimob Inc. (2013.HK). The provider of e-commerce services closely tied to internet giant Tencent (0700.HK) has been aggressively purchasing…

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