Newsfeeds Archive - Page 9 of 15

5 minute read

Uncategorized

Xiaomi’s EV Drive Burns Big Bucks As Smartphone Sales Slow

April 3, 9:25 AM

Key Takeaways: Xiaomi’s revenue fell 23% year-on-year in last year’s fourth quarter on sluggish smartphone sales, resulting in a 67% decline in adjusted profit The company forecast it will spend more than 100 billion yuan on product development over the next five years as it revs up to mass produce electric vehicles

AAPL

5 minute read

Penny Stocks

ImmuneOnco Banks On Cutting-edge Cancer Drugs To Attract IPO Cash

By The Bamboo Works

Today, 9:23 AM

Key Takeaways: ImmuneOnco’s main product pipeline is a cancer drug targeting a promising protein pathway, the first such drug to enter clinical tests in China, with more intensive trials due in the fourth quarter Eli Lilly ranks as the company’s biggest institutional investor after six rounds of financing

ABBV

5 minute read

China Baker With Madison Avenue Dreams Serves Up New York IPO

By The Bamboo Works

Today, 9:12 AM

Key Takeaways: Chinese bakery chain operator Chanson International has raised $13.6 million from a Nasdaq IPO, with plans to use the funds to expand its New York presence

CHSN

4 minute read

Uncategorized

Could ‘Double 11’ Festival Players Post Their First-Ever Sales Declines?

By The Bamboo Works

November 8, 10:26 AM

By Chan Ka Po

BABA

5 minute read

Uncategorized

Topsports Hamstrung by Foreign Brand Ties, Pandemic Controls

By The Bamboo Works

November 1, 11:42 AM

Key Takeaways: Topsports’ revenue and net profit fell in the first half of its fiscal year on tight pandemic controls in China and ripple effects from a cotton sourcing controversy

NKE

5 minute read

Things Don’t Add Up Well in Used Computer Renter’s IPO Bid

By The Bamboo Works

October 31, 10:55 AM

Key Takeaways: LX Technology, parent of Little Bear Rental, has been approved for a Hong Kong IPO, despite losing over 740 million yuan in the past three and a half years Its major early shareholders, including Tencent, Lenovo and JD.com, have started cutting their ties with the company even before the IPO By Tina Yip

5 minute read

Small Cap

Collectible Toy Maker Pop Mart Falls Out of Favor

By The Bamboo Works

October 31, 10:54 AM

Key Takeaways: Pop Mart said its third-quarter revenue fell between 5% and 10% year-over-year, deteriorating from an already-weak first half of 2022 The company has launched a series of initiatives to jumpstart its growth, including a ramp-up in overseas development, though none have reaped significant success yet By Trevor Mo

MAT

5 minute read

Uncategorized

Former Retail Star Gome Hobbled by Declining Revenue, Heavy Debt

By The Bamboo Works

October 28, 10:04 AM

Key Takeaways: Gome’s revenues are falling sharply despite gains for its online business, as tumbling sales at its brick-and-mortar stores lead to layoffs and closures

BABA

5 minute read

Small Cap

Li Ning Tripped Up by Chinese Nationalists

By The Bamboo Works

October 28, 10:04 AM

Key Takeaways: Sportswear maker Li Ning’s shares took a beating after the company came under fire for new designs that resembled hats worn by Japanese soldiers during World War 2 Although such scandals are typically short-lived, they can have a big impact if handled improperly, experts say By Jose Qian

MNSO

5 minute read

New Oriental Emerges from Carnage of Education Cleanup

By The Bamboo Works

October 27, 1:14 PM

Key Takeaways: New Oriental Education returned to profitability in its latest reporting quarter, as its revenue declines continued to ease The company’s new business mix after China banned K-12 tutoring in core curriculum areas includes non-academic tutoring and study abroad services By Doug Young

EDU