Newsfeeds Archive - Page 12 of 15

5 minute read

China IPO Flow Picks Up in New York, But Big Names Still Absent

September 15, 10:41 AM

Key Takeaways: Four Chinese companies have submitted New York IPO applications since Sept. 6, indicating such listings could be accelerating after a near standstill over the past year

BABA

5 minute read

A Year After Splashy IPO, Missfresh Looks Well Past Its ‘Sell Date’

By The Bamboo Works

September 14, 12:59 PM

Key Takeaways: Missfresh announced a major reshuffle of its top ranks, including the resignation of both of its co-CFOs, one of whom was also among three board members to resign The changes came as the company faces a cash crunch caused by swelling losses, big debt and massive back wages owed to former employees

DDL

5 minute read

Despite the Hype, 3D Printing Leader UnionTech Remains a Fundraising Minnow

By The Bamboo Works

September 13, 10:39 AM

Key Takeaways: Leading 3D printing equipment maker UnionTech has raised a modest $28.8 million in its latest funding, as it expands into businesses across the 3D printing value chain

DDD

5 minute read

Penny Stocks

Tongcheng Preparing to Stand on Its Own Without Trip.com and Tencent?

By The Bamboo Works

September 9, 9:59 AM

Key Takeaways: A new stock exchange filing shows leading online travel agent Trip.com may have begun to sell down its longtime stake in Tongcheng, the industry’s second-largest player China’s online travel industry is riddled with anticompetitive cross-holdings, including Trip.com’s stakes in Tongcheng and Qunar

BABA

5 minute read

Junshi Biosciences Hits Revenue Roadblock Amid Covid Drug Delay

By The Bamboo Works

September 9, 9:58 AM

Key Takeaways: The company logged a revenue fall of 55% in the first half of the year and posted a loss of $131 million Phase 3 clinical trials for its Covid-19 oral drug wrapped up in May but the company has still not yet filed an application to market the product By Molly Wen

BGNE

5 minute read

With Only One Star in Its Sky, Era Jade Media Eyes Hong Kong IPO

By The Bamboo Works

September 8, 10:02 AM

Key Takeaways: Integrated marketing services provider Era Jade Media, famous for its self-produced finance programs, has filed for a Hong Kong IPO for a fourth time The company is extremely reliant on its CEO, who was behind 64.6% of the company’s revenue in the first half of this year By Tina Yip

5 minute read

All in the Family: Cash-strapped ZhongAn Taps Chairman’s Ties to Fund a Money-losing Unit

By The Bamboo Works

September 8, 9:59 AM

Key Takeaways: Sinolink will buy about 156 million new shares in ZhongAn’s overseas business development unit, ZhongAn International, for about $103 million The deal comes in a difficult year for ZhongAn, whose own cash holdings are dwindling By Warren Yang

BABA

5 minute read

No Early Relief for JW Therapeutics from Cancer Wonder Drug

By The Bamboo Works

September 7, 11:24 AM

Key Takeaways: JW Therapeutics prices its new cancer therapy at around a million yuan, with the high production costs hard to bring down. Large-scale market expansion is not going to be easy The company is undervalued compared with its peers pending further progress in commercializing its products By Molly Wen

LEGN

5 minute read

Small Cap

Shrinking Hello Group Targets Tantan Breakeven in 2023

By The Bamboo Works

September 5, 10:55 AM

Key Takeaways: Hello Group predicted its revenue will slide by at least 14.9% in the current quarter, extending a streak of declines dating back to early 2020 The company’s retrenchment strategy involves a turnaround at its loss-making Tantan, which aims to break even by 2023 by cutting costs and rolling out new functions

MOMO

5 minute read

Jianzhi Education Debuts Like Meme, But Then Gets Lesson in Gravity

By The Bamboo Works

September 2, 11:13 AM

Key Takeaways: Jianzhi Education’s big first-day jump, followed by gradual declines back to its IPO price, signal the recent parade of China meme stocks on Wall Street could be losing steam

AMC