Next stop for Geely-backed CaoCao: a Hong Kong IPO
The ride-sharing company has built partnerships with third-party platforms to mount a concerted challenge to the market leader, but the strategy carries risks Key Takeaways: CaoCao Inc.’s revenues have grown…
Tianqi Lithium stuns investors with deep drop into the red
Shares in the Chinese mining giant have plunged about 40% in the past year, as it grapples with falling lithium prices and uncertainties over a deal in Chile Key Takeaways:…
Asia Cement hardens into loss column with no relief in sight
The company swung into the red in the first quarter as weak demand from China’s struggling property market pushed cement prices to fresh lows Key Takeaways: Asia Cement warned it…
EHang seeks capital refueling as its self-flying vehicles inch toward grand takeoff
The maker of autonomous aerial vehicles is seeking to raise up to $100 million in a public offering of new shares Key Takeaways: EHang said it plans to sell up…
Chow Tai Fook glitters as hedge against lower interest rates
China’s leading jewelry seller has benefited from spiking gold prices that reached an all-time high after Iran’s drone attack on Israel last week Key Takeaways: Chow Tai Fook’s sales grew…
To meme or not to meme: Shengfeng stock on roller coaster ride in its first year
The niche logistics company’s shares have swung widely since their public debut a little more than a year ago, but may have finally settled at a realistic level Key Takeaways:…
YTO International ships in new CEO as its revenue fails to deliver
Revenue at the international arm of one of China’s leading parcel delivery companies shrunk by nearly 30% last year on falling international freight prices and waning demand Key Takeaways: YTO…
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