Newsfeeds Archive - Page 13 of 15

5 minute read

Credit, Anyone? China’s Online Loan Platforms Get Stuck as Quality Borrowers Dwindle

September 1, 9:48 AM

Key Takeaways: FinVolution’s revenue growth slowed to about 12% in the second quarter from 16% and 32% in the previous two quarters, while its latest quarterly net profit fell about 6% 360 DigiTech and Lexin posted little or no revenue growth for the quarter, as their profits plunged 37% and 80%, respectively, during the period

FINV

5 minute read

KE Holdings Deconstructed by Slumping Real Estate Market

By The Bamboo Works

August 31, 10:29 AM

Key Takeaways: KE Holdings swung to the red in the first half of the year on the back of a slumping Chinese real estate market The company is trying to offset anemic property trading income with new businesses that are growing but still account for just a small share of revenue By Tina Yip

BEKE

5 minute read

ATRenew Sees Better Times Ahead in Evolving Role as ‘Recycler for All Seasons’

By The Bamboo Works

August 31, 10:28 AM

Key Takeaways: ATRenew forecast 30% year-on-year revenue growth in the current quarter, as its business starts to rebound from a sharp slowdown caused by China’s strict Covid control measures

CVNA

5 minute read

TuSimple Moves Closer to China Exit Ramp as Questions Loom on U.S. Commercialization

By The Bamboo Works

August 30, 9:31 AM

Key Takeaways: China’s largest private auto group may acquire TuSimple’s Asia-Pacific business, allowing it to cut its China ties and alleviate U.S. national security concerns The company’s commercialization timeline has been thrown into doubt following an April accident that raised safety concerns

AUR

5 minute read

Penny Stocks

Catching Listing Chill, Dingdang Health Slashes Hong Kong IPO

By The Bamboo Works

August 29, 10:44 AM

Key Takeaways: Dingdang Health has passed a listing hearing in its second try at a Hong Kong IPO, aiming to raise $100 million The company has shifted from its original asset-light to a more asset-intensive model to make good on its promise of faster deliveries By Emily Chan

ALBHF

5 minute read

China, U.S. Stock Regulators Hope New Agreement Will Succeed Where Others Haven’t

By The Bamboo Works

August 29, 10:26 AM

Key Takeaways:

CQQQ

5 minute read

Is Tencent Winding Down Its Big Investments?

By The Bamboo Works

August 24, 11:29 AM

Key Takeaways: Reuters reported Tencent might sell some or all of its Meituan holdings this year, though Tencent called the report ‘inaccurate’ Some think Tencent might sell other stakes in its more than 70 U.S.- and Hong Kong-listed portfolio companies to raise funds to buy back its shares By Fai Pui

BABA

4 minute read

Livestream Gamer DouYu Edges Ahead in Cost-cutting Battle

By The Bamboo Works

August 24, 7:46 AM

Key Takeaways: DouYu’s revenues fell by around 22% in the second quarter, but the company broke a six-season losing streak with an adjusted net profit of 23.50 million yuan Huya’s revenue tumbled 23% in the same period, and it barely eked out an adjusted net profit after slashing costs By Ken Lo

DOYU

5 minute read

Small Cap

Miniso Gets Dressing Down in Online Brouhaha

By The Bamboo Works

August 24, 7:43 AM

Key Takeaways: Miniso’s shares are down 17% since it was accused of mislabeling a Chinese-clothed doll as Japanese, and more broadly of trying to hide its Chinese roots The attack represents a relatively unique risk faced by both foreign and domestic companies doing business in China By Doug Young

MNSO

5 minute read

Penny Stocks

Secoo’s Online Luxury Dream Ends in Bankruptcy, Sea of Discontent

By The Bamboo Works

August 19, 12:55 PM

Key Takeaways: Online luxury goods reseller Secoo has filed for bankruptcy after its business stumbled under Covid-related disruptions and internal missteps Company’s Nasdaq-listed shares now trade at around $0.24, a fraction of the $13 they sold for in better times at its 2017 IPO By Shirley Lau

SECO