Newsfeeds Archive - Page 4 of 15

5 minute read

ProfoundBio discovers the joys of having a wealthy owner

April 8, 11:43 AM

Key Takeaways: Cancer treatment maker ProfoundBio announced it will be purchased by Denmark’s Genmab for $1.8 billion The deal is the fourth acquisition of a China-related innovative drugmaker by a foreign company in the last four months By Doug Young

AVBP

5 minute read

Uncategorized

Tian Tu plunges into the red on sagging Hong Kong stock market

By The Bamboo Works

April 3, 11:48 AM

Key Takeaways: Tian Tu Capital posted an 873 million yuan net loss last year, reversing a 559 million yuan profit in 2022 The venture capital firm is getting hit by weakness in the Hong Kong IPO market, one of its primary venues for disposing of its consumer-related investments By Doug Young

4 minute read

Keep Inc. Sprints Towards Profits As Investors Remain Wary

By The Bamboo Works

April 2, 10:10 AM

Key Takeaways: Keep Inc.’s revenue grew 3.7% in the second half of the year, reversing a 2.7% decline in the first half on falling product sales The fitness app operator slashed its headcount and costs last year, helping to significantly boost its margins By Doug Young

GRMN

5 minute read

Uncategorized

Shangri-la finds new life in tourism industry rebound

By The Bamboo Works

April 2, 10:09 AM

Key Takeaways: Shangri-la earned a profit of $184 million last year and distributed a dividend of HK$0.15 per share to celebrate its return to the black after three years of losses The Hong Kong-listed hotel operator expects its next growth driver to come from a pickup in Chinese traveling abroad By Lau Chi Hang

HTHT

5 minute read

Akeso Marks Profit Milestone With Swift Rights Issue

By The Bamboo Works

March 28, 10:58 AM

Key Takeaways: Akeso swung to an annual profit of 1.94 billion yuan, boosted by licensing income of 2.92 billion yuan The next highly anticipated product in the firm’s drug pipeline is ivonescimab, the first PD-1/VEGF bispecific antibody to enter Phase III clinical trials By Molly Wen

SMMT

5 minute read

Penny Stocks

So-Young dolls up with pivot to high-end services

By The Bamboo Works

March 28, 10:55 AM

Key Takeaways: So-Young reported an annual profit last year, reversing two years of losses, as its revenue rose 19% The company’s new So-Young Prime service for high-end users helped to fuel a 22.2% revenue jump in its information services segment last year By Edith Terry

4 minute read

Penny Stocks

Autohome Shifts Into Higher Gear With NEVs And Immersive Tech

By The Bamboo Works

February 16, 11:51 AM

Key Takeaways: Autohome’s profits rose about 4% last year to 1.88 billion yuan The trading platform’s sales of new energy vehicles are soaring, jumping nearly 82% last year By Fai Pui

ATHM

5 minute read

XCHG Looks To Juice Up Its Business With New York IPO

By The Bamboo Works

February 16, 11:13 AM

Key Takeways: XCHG has filed to list on the Nasdaq, reporting 46% year-on-year revenue growth in the first nine months of last year Founded by two former Tesla engineers, the company hopes to differentiate itself with its fast-charging stations that feed unused power back into the grid By Edith Terry

BLNK

4 minute read

Uncategorized

Alibaba International Records Solid Growth Led By AliExpress

By The Bamboo Works

February 12, 11:28 AM

Key Takeaways Alibaba International recorded strong revenue growth in the three months to December, its sixth consecutive quarterly increase since Alibaba partner Jiang Fan took the helm in 2022

BABA

5 minute read

Uncategorized

Yum China Expands Footprint In Lower-Tier Cities To Drive Growth Amid Growing Consumer Caution

By The Bamboo Works

February 7, 11:58 AM

Key Takeaways: Yum China’s revenue grew 21% in both the fourth quarter and for all of 2023, as it opened a record of nearly 1,700 new stores last year The master franchisee for KFC and Pizza Hut restaurants in China had 14,644 stores at the end of last year, and reiterated its plan to raise that to 20,000 by 2026

MCD