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…
‘Warcraft’ return to NetEase signals extension of China’s gaming relaxation
A new deal to bring popular ‘World of Warcraft’ games back to China after a one-year absence will have relatively little financial impact on the game’s local host Key Takeaways:…
FAST NEWS: J&T’s loss narrows on strong Southeast Asia business
The latest: Logistics provider J&T Global Express Ltd. (1519.HK) announced Friday its non-GAAP adjusted loss last year narrowed 71% to 432 million yuan ($60 million). Looking up: J&T‘s revenue grew 21.8%…
Tuya’s losses narrow, but stock still looks pricey
The internet of things services provider’s gross margin hit a record high last quarter and its loss narrowed on strong performance for its platform as a service business Key Takeaways:…
CHINA BULLETIN: Economic Growth Target Stays at 5%
In this week’s issue GDP growth target unchanged, Apple sales plunge and a Belle returns to the Hong Kong ball. On a scale of 1 to 100, we give the…
FAST NEWS: Weimob boosts stake in movie producer
The latest: E-commerce services provider Weimob Inc. (2013.HK) announced on Wednesday that it agreed to acquire an additional 24.4% of Shanghai Banfan Information Technology, with a transaction value of 31 million yuan (4.3…
FAST NEWS: Cloud Music posts first annual profit
The latest: Chinese music platform Cloud Music Inc. (9899.HK) on Thursday reported a net profit of 734 million yuan ($102 million) for 2023, reversing a loss of 221 million yuan in 2022…
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