Yeahka Ramps Up E-Commerce Bid, But Investors Cash Out
Key takeaways:
Yeahka’s push into the highly competitive e-commerce space comes as growth slows for its core mobile payments business
Company’s stock has fluctuated since its 2020 listing, and now trades near its IPO price after a roaring start in early 2021
By Trevor Mo
Flowing Cloud Technology Files for Hong Kong IPO Amid Metaverse Frenzy
Key Takeaways:
Flowing Cloud started as a games developer in 2008 and launched its first AR/VR platform in 2017
Gains in revenue and profit have been steady but the low-margin AR/VR marketing services division could dent future margins
By Ken Lo
Jianzhi Bets on Education Stock Renaissance with New York IPO
Key Takeaways
A year after first filing for a New York IPO, Jianzhi Education has set a price range of $5 to $7 and a $34.5 million fundraising target for the listing
Bad Cryptocurrency Investments Take Shine Off Meitu
Key Takeaways:
Beauty software maker Meitu said its $100 million bet on Bitcoin and Ether cryptocurrencies last year has lost nearly half its value
Despite the losses, company says it remains “positive on the long-term prospects of the acquired cryptocurrencies”
By Doug Young
Beauty Products Maker Imeik Makes Second Try at Hong Kong IPO
Key Takeaways:
Started in 2004, Imeik is the largest provider of hyaluronic acid-based skin fillers in China
The firm’s products lack variety and tighter government regulations could throw a wrench in ambitious plans
By Tina Yip
Stretched to the Max, Shandong Ruyi Loses Control of Lycra
Key Takeaways:
Three and a half years after spending $2.6 billion to buy 53% of Lycra, Shandong Ruyi has lost control of the fashion brand after creditors seized a majority of the company last week
Wego’s Dialysis Business Seeks Hong Kong IPO in MedTech Boom
Key Takeaways:
Weigao Blood Purification filed for a Hong Kong IPO soon after bringing in well-known institutional investors
The company is a domestic leader in China’s blood purification industry across a range of products, including blood filters and dialysis tubing
By Molly Wen