Newsfeeds Archive - Page 8 of 15

5 minute read

Uncategorized

Hong Kong Eyes Capital-Hungry Tech Startups, But Risks Welcoming Investment Duds

April 19, 9:11 AM

Key Takeaways: Hong Kong’s new listing rules for “specialist technology companies” allow startups without any revenue to list if they meet a minimum market capitalization requirement

BABA

4 minute read

Uncategorized

As Its Stock Gets Set For Upgrade, Boan Biotech Still Faces Two Big Risks

By The Bamboo Works

April 18, 9:30 AM

Key Takeaways: With two products now generating revenue, Boan Biotech will soon have the “B” marker for high-risk tickers removed from its stock symbol Boan faces stiff competition in its main area of biosimilar drugs, and could also face price pressure if its products are included in China’s centralized drug program

AMGN

4 minute read

Uncategorized

China’s Sun Protection Market Shines, And Not Just In Summer

By The Bamboo Works

April 17, 8:44 AM

Key Takeaways: China’s sun protection market has grown from a niche industry to a major force worth billions of dollars in sales each year targeting health- and fashion-conscious consumers

COLM

5 minute read

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TikTok Travails Take Bite Out Of ByteDance

By The Bamboo Works

April 17, 8:36 AM

Key Takeaways: Douyin and TikTok parent ByteDance posted $25 billion in EBITDA last year, beating Tencent and Alibaba The company has lost more than half of its value following repeated attacks on its popular TikTok app in the west By Tina Yip

BABA

4 minute read

TuSimple Touts Milestones, But Investors Want Overhaul

By The Bamboo Works

April 14, 8:40 AM

Key Takeaways: TuSimple remains mired in controversy due to economic espionage allegations against its CEO and two co-founders The company has downshifted to focus on L2 autonomous driving technology from a previous focus on more-advanced L4 in a bid to commercialize faster By Doug Young

AUR

5 minute read

Hotpot Brand Guoquan Serves Up IPO With Profit Appetizer

By The Bamboo Works

April 13, 8:41 AM

Key Takeaways: China’s at-home dining brand Guoquan Food has built a network of more than 9,000 franchise outlets selling its meal ingredients The company made it into the black for the first time last year, posting a net profit of 240 million yuan as it benefited from an expanded store network and bulk buying

DDL

4 minute read

Uncategorized

Fast-Growing Rice Merchant Looks For Big Harvest With Hong Kong IPO

By The Bamboo Works

April 12, 9:44 AM

Key Takeaways: Internet rice merchant Shiyue Daotian is seeking to attract investors to its Hong Kong IPO with annual growth averaging 40% over the past three years The company’s latest funding earlier this year, with participation from the Abu Dhabi government, valued it at nearly $2 billion By Fai Pui

BABA

5 minute read

Webus Rides Bumpy Road To IPO Even As Travel In China Returns

By The Bamboo Works

April 12, 9:41 AM

Key Takeaways: Webus aims to raise up to $24 million in a New York IPO by selling 4 million shares at $4 to $6 apiece The company’s latest annual revenue was only about 130 million yuan, as efforts to gain market share in the highly competitive business undermined its margins By Warren Yang

UBER

4 minute read

Uncategorized

Futu profits charge ahead on soaring interest income, cost savings

By The Bamboo Works

April 10, 8:38 AM

Key Takeaways: Futu’s revenue grew 42% in last year’s fourth quarter, boosted by cost savings and strong gains related to globally rising interest rates The online brokerage plans double-digit headcount growth this year, mostly in R&D staff By Doug Young

FUTU

4 minute read

Atour Gets Set For ‘Revenge Travel’ With Major Expansion Plan

By The Bamboo Works

April 3, 9:30 AM

Key Takeaways: Atour’s revenue rose just 5% in last year’s fourth quarter due to China’s strict Covid controls, but analysts expect the growth to accelerate to 56% this year The retail component of the company’s revenue mix, involving sales of in-room merchandise to guests, posted much faster 34% growth

ATAT