FAST NEWS: New Oriental boosts East Buy stake for fourth time this year
The Latest: New Oriental (EDU.US; 9901.HK) purchased 1 million shares of its East Buy Holding Ltd. (1797.HK) subsidiary for an average price of HK$17.39 on April 24, according to a new…
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