Browsing Tag
Hong Kong Stock Exchange
25 posts
Scienjoy moves beyond live streaming with $13.1m Leader Education stake
Scienjoy Holding Corporation is paying US$13.1 million for 29.9% of Leader Education, taking a near-blocking stake in a growing but heavily financed Chinese higher education business as its core live-streaming revenue remains under pressure.
Shein finally got its IPO, but the valuation tells a very different story from the one private investors bought
Shein is set to enter Hong Kong’s public market at about $26.5 billion, far below its 2022 private-market peak. The discounted valuation may improve the entry point for new shareholders, but slower growth, weaker margins and up to $3.5 billion of payments linked to earlier preferred shares expose how expensive the company’s long-delayed IPO has become.
Bilibili users reach 117m a day as advertising becomes its largest revenue business
Bilibili Q2 profit jumped 55% as advertising revenue surged 28%, users spent 113 minutes daily and gross margin improved again.
Li Auto forecasts return to delivery growth as Q2 revenue drops to RMB25.7bn
Li Auto Q2 revenue fell 15% as it posted a RMB1.7B loss, but vehicle margins improved and Q3 guidance points to renewed delivery growth.
Super Hi operating profit jumps 119% as overseas Haidilao traffic and delivery revenue accelerate
Super Hi Q2 revenue rose 10% as Haidilao operating profit jumped 119%, table turnover improved and delivery revenue more than doubled.
BOSS Zhipin revenue rises 14% as KANZHUN margins expand and AI recruitment investment accelerates
KANZHUN revenue rose 14% as BOSS Zhipin users topped 70M, operating profit jumped 33% and the company declared a $230M dividend.
KE Holdings profit doubles as margin surge offsets 6% revenue decline in China housing market
KE Holdings profit doubled despite a 6% revenue decline as Beike’s margins surged and housing transaction value returned to growth.
China Resources Power stock slips as renewable unit targets record Shenzhen IPO
Read how China Resources New Energy’s $3.62bn Shenzhen IPO could reshape 0836HK stock sentiment, China wind and solar funding.
ENN Natural Gas takeover failure leaves ENN Energy listed as China gas consolidation stalls
Read how ENN Energy’s failed $11.6bn takeover reshapes 2688 stock sentiment, China gas consolidation and ENN Natural Gas strategy.
Akeso gumokimab approval strengthens China biologics push as psoriasis market heats up
Find out how Akeso’s gumokimab approval could reshape China’s psoriasis biologics market and boost its autoimmune drug strategy.