Newsfeeds Archive - Page 11 of 15

5 minute read

Asia Innovations SPAC Listing: Based in Singapore, But Made in China

October 6, 11:35 AM

Key Takeaways: Developing markets social media company Asia Innovations is planning a U.S. SPAC listing that could provide it with up to $350 million in new funds Company could represent a new generation of founding teams with Chinese roots setting up internet companies in Singapore to avoid stricter Chinese regulations

GOOG

5 minute read

Uncategorized

Nio Enters Race for Lithium with Australian Investment

By The Bamboo Works

September 29, 11:50 AM

Key Takeaways: Nio Inc. will pay $7.7 million for 12% of Australian miner Greenwing Resources, which holds the rights for the San Jorge Lithium Project in Argentina Nio is the latest electric vehicle maker to purchase lithium assets, following similar moves by domestic rival BYD and global names like Tesla and General Motors

4 minute read

Trip.com Gets Boost From Reopening Global Borders

By The Bamboo Works

September 29, 11:33 AM

Key Takeaways: Strongly recovering business in the U.S. and Europe helped Trip.com return to the black with a 69 million yuan profit in the second quarter The company said outbound bookings from Hong Kong jumped nearly four times last week from the previous week as the city prepared to end its quarantine requirement By Ken Lo

BKNG

4 minute read

‘Stock Advisor’ JF Wealth Defies Market Basics with Ill-Timed IPO Bid

By The Bamboo Works

September 28, 11:36 AM

Key Takeaways: Online investment advisor JF Wealth has filed for a Hong Kong IPO, deriving most of its revenue from high-end education and content services The company faces mounting headwinds from rapidly growing sales and marketing costs and increasing refund requests By Emily Chan

FUTU

5 minute read

Qudian in Search of a Business as Stock Returns to Penny Territory

By The Bamboo Works

September 28, 11:34 AM

Key Takeways: Qudian was notified by the New York Stock Exchange that it was in violation of listing rules that require its stock price to stay above $1 The warning was its third one this year, and came after the company said it was scaling down a food business it started just six months ago and ceased its main lending business

FINV

5 minute read

Uncategorized

IT provider Edianyun Seeks IPO Cash, with Finances Under a Cloud

By The Bamboo Works

September 23, 10:30 AM

Key Takeaways: The pre-listing finances at Edianyun have taken a sharp turn for the worse, as the company’s net loss in the first half of this year alone is almost equal to the total combined losses of the previous three years

CRM

5 minute read

UP Fintech Flexes Global Expansion Muscle With NYSE Membership

By The Bamboo Works

September 23, 10:29 AM

Key Takeaways: UP Fintech’s TradeUP Securities unit has become a member of the New York Stock Exchange, giving its customers direct access to the bourse to enable faster trades at lower costs

FUTU

5 minute read

Boqii Barks With Latest Earnings Report, But Investors Beg for Profits

By The Bamboo Works

September 20, 9:28 AM

Key Takeaways: Boqii’s revenue dropped slightly in the three months to June, though business for its self-operated mall rose by 20% Company could face delisting if it can’t bring its market value above $50 million – more than double the current level – by early 2024 By Doug Young

5 minute read

Yesterday’s News? Qutoutiao Adds Delisting Threat to Growing Headaches

By The Bamboo Works

September 19, 10:25 AM

Key Takeaways: Qutoutiao faces potential delisting after being notified last week that the value of its publicly held shares is too small The cash-strapped company has adopted a cost-cutting strategy over the last two years, and has yet to report its first and second quarter results for this year By Trevor Mo

BABA

5 minute read

Loss-hit Fenbi Tech Seeks IPO Cash After Education Sector Upheaval

By The Bamboo Works

September 16, 10:42 AM

Key Takeaways: Fenbi Technology has posted losses of more than 2.5 billion yuan in the past two years after shifting from online into offline training The company laid off more than 9,400 employees and cut staff salaries to ease financial pressure By Fai Pui

EDU