RLX puffs out signs of new life, as investors remain wary - Bamboo Works - China stock insights for global investors https://thebambooworks.com/ China stock insights for global investors Mon, 20 May 2024 09:59:54 +0000 en-GB hourly 1 https://wordpress.org/?v=6.1.1 https://thebambooworks.com/wp-content/uploads/2022/12/cropped-BBW_website_icon_20221228-32x32.png RLX puffs out signs of new life, as investors remain wary - Bamboo Works - China stock insights for global investors https://thebambooworks.com/ 32 32 RLX puffs out signs of new life, as investors remain wary https://thebambooworks.com/rlx-puffs-out-signs-of-new-life-as-investors-remain-wary/ Mon, 20 May 2024 06:03:50 +0000 https://thebambooworks.com/?p=32150 RLX returns to growthChina’s leading vaping company said its revenue nearly tripled in the first quarter, though the figure remains well below levels from before a 2021 regulatory clampdown Key Takeaways:    By Doug Young After nearly being snuffed out by a cloud of new government oversight, leading vaping company RLX Technology Inc. (RLX.US) is showing signs of.....

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]]> Despite improvement, shrinking SJM runs low on luck https://thebambooworks.com/despite-improvement-shrinking-sjm-runs-low-on-luck/ Sun, 19 May 2024 23:35:31 +0000 https://thebambooworks.com/?p=32157 SJM’s prospect does not inspire confidenceThe former casino powerhouse’s revenue rose 73% in the first quarter, but it continued to lose money as it lagged many of its peers  Key Takeaways: 　 By Lau Chi Hang Former casino mogul Stanley Ho reigned supreme in Macau’s gambling industry for four decades, cashing in on his monopoly as holder of the city’s.....

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]]> CHINA BULLETIN: U.S. Ratchets Up Strategic Tariffs https://thebambooworks.com/u-s-ratchets-up-strategic-tariffs/ Sun, 19 May 2024 09:27:58 +0000 https://thebambooworks.com/?p=32135 In this week’s issue strategic China tariffs from Washington, ‘Big Short’ investor buys China stocks and a diaper maker finds riches in Russia. On a scale of 1 to 100, we give the week a 65 for offshore-listed China stocks. Doug Young, Editor in Chief You can sign up to get China Bulletin weekly in.....

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]]> NEWS WRAP: FinVolution posts modest revenue gains as international growth slows https://thebambooworks.com/news-wrap-finvolution-posts-modest-revenue-gains-as-international-growth-slows/ Fri, 17 May 2024 06:41:26 +0000 https://thebambooworks.com/?p=32098 The online loan facilitator said its international loan transaction volume grew 41% in the first quarter, slowing from 85% in the previous quarter    By Doug Young Online loan facilitator FinVolution Group (FINV.US) on Wednesday reported that growth of its international business slowed in the first quarter, reflecting difficulties it will face in boosting that.....

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]]> FAST NEWS: Lepu Biopharma to raise $32 million in share sale https://thebambooworks.com/fast-news-lepu-biopharma-to-raise-32-million-in-share-sale/ Fri, 17 May 2024 05:34:10 +0000 https://thebambooworks.com/?p=32096 Lepu touts itself as the only biotech company in China working on all three very promising fronts, with PD-1 products in the new drug application (NDA) stage, multiple “smart missile” antibody-drug conjugate (ADC) products in clinical trials, and OV products under development.The Latest: Innovative drug maker Lepu Biopharma Co. Ltd. (2157.HK) announced on Friday it will place up to 51.17 million shares, or about 2.99% of its overall issued share capital, for a sale price of HK$4.58 per share. Looking Up: The company expects to receive approximately 230 million yuan ($32 million) in net proceeds from the.....

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]]> AliExpress fuels Alibaba International’s revenue growth by giving shoppers a ‘Choice’ https://thebambooworks.com/aliexpress-fuels-alibaba-internationals-revenue-growth-by-giving-shoppers-a-choice/ Fri, 17 May 2024 01:51:38 +0000 https://thebambooworks.com/?p=32080 Alibaba International announces strong revenue growthRevenue for the e-commerce giant’s international arm jumped 45% in its latest quarter, marking its seventh consecutive quarter of strong gains Key Takeaways:    By Teri Yu and Doug Young Watch out, Amazon Prime. A new kid on the block is quickly gaining traction on the global e-commerce scene, as the year-old AliExpress Choice service.....

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]]> Slump from post-Covid high leaves Budweiser APAC with earnings hangover https://thebambooworks.com/post-covid-high-leaves-budweiser-apac-with-earnings-hangover/ Thu, 16 May 2024 23:02:40 +0000 https://thebambooworks.com/?p=32067 Budweiser APAC, Beer, Tsingtao Brewery, Beijing Yanjing Brewery, San Miguel Brewery, China Resources Beer, Consumption downgrade.The premium beer company has struggled to maintain its post-pandemic sales pace in a fiercely competitive market, but major sporting events later this year could boost demand Key Takeaways: 　 By Fai Pui It’s a bit like the downer after a party. Beer industry takings surged last year when China lifted its Covid restrictions, but.....

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]]> FAST NEWS: ZTO Express profit falls, maintains high gross margin https://thebambooworks.com/fast-news-zto-express-profit-falls-maintains-high-gross-margin/ Thu, 16 May 2024 05:59:24 +0000 https://thebambooworks.com/?p=32044 Logistics provider ZTO Express announced Thursday its net profit fell 13% year-over-year to 1.45 billion yuan ($201 million) in the first quarter of 2024.The Latest: Logistics provider ZTO Express (Cayman) Inc. (ZTO.US; 2057.HK) announced Thursday its net profit fell 13% year-over-year to 1.45 billion yuan ($201 million) in the first quarter of 2024, but its non-GAAP net profit rose 15.8% to 2.22 billion yuan. Looking Up: The company’s parcel volume grew 13.9% in the first quarter to 7.17 billion, and it expects the.....

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]]> Soft International seeks to soak up IPO funds using diapers sent to Russia, with love https://thebambooworks.com/soft-international-seeks-to-soak-up-ipo-funds-using-diapers-sent-to-russia-with-love/ Thu, 16 May 2024 05:50:32 +0000 https://thebambooworks.com/?p=32039 Soft International files for Hong Kong IPOThe disposable diaper maker exports a majority of its products, selling more to Russia than it does in its home China market Key Takeaways:    By Edith Terry An IPO listing document filed last week by Fujian-based Soft International Group Ltd. may be a first of its kind: a company that’s found a way to.....

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]]> B&K Corp eyes IPO to keep its slow-developing drugs alive https://thebambooworks.com/bk-corp-seeks-ipo-to-keep-its-slow-developing-drugs-alive/ Thu, 16 May 2024 03:11:05 +0000 https://thebambooworks.com/?p=32055 The company focuses on wound-healing PDGF drugs and its core product, Pro-101-2, isn’t expected to enter Phase 3 clinical trials for at least three more years Key Takeaways: 　 By Molly Wen A recent rally that’s seen Hong Kong stocks charge into rare bull territory is injecting new life into the exchange’s moribund IPO market......

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]]> Strong NEV sales keep Yixin on pace with China’s sluggish auto market https://thebambooworks.com/strong-nev-sales-keep-yixin-on-pace-with-chinas-sluggish-auto-market/ Wed, 15 May 2024 06:25:45 +0000 https://thebambooworks.com/?p=32018 Yixin performs in line with the marketThe online car loan facilitator’s business is growing at a similar pace to China’s auto market, which has decelerated after years of strong growth Key Takeaways:    By Warren Yang It may not be zooming anymore, but online car loan facilitator Yixin Group Ltd. (2858.HK) seems to still be cruising along – albeit at reduced.....

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]]> PODCAST: A New EU Probe, and a Used Car IPO https://thebambooworks.com/podcast-a-new-eu-probe-and-a-used-car-ipo/ Tue, 14 May 2024 08:07:44 +0000 https://thebambooworks.com/?p=32000 The EU has launched a new probe after European firms complained of restricted access to China's huge medical equipment procurement market. Is the EU getting more aggressive on China's trade practices? And used car specialist Autostreets applies for a Hong Kong listing, touting a coming boom in Chinese used car sales. Why have Chinese traditionally preferred new cars, and what's changed now, if anything?

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