The Bamboo Works - Spark Newswire

5 minute read

Uncategorized

CanSino’s Covid Vaccine Gets WHO Nod. But Is It Too Little, Too Late?

Today, 4:44 AM

Key Takeaways: CanSino’s Covid-19 vaccine Convidecia will be admitted to the global Covax program following its approval by the WHO The approval could have limited benefits for the company as the pandemic fades and other products are widely available By Jony Ho

BNTX

5 minute read

Uncategorized

Cash-Rich Ganfeng Lithium Sees Tasty Diversification in Smaller Rare Metals Producer

By The Bamboo Works

Today, 4:44 AM

Key Takeaways: Ganfeng Lithium will pay HK$240 million for 16.7% of Ximei Resources, a producer of tantalum and niobium. Purchase will diversify Genfeng’s business, and make use of its fat profits built on skyrocketing lithium prices By Andrew Curran

ALB

6 minute read

Is Tencent Past the Worst as Government Sends Easing Signals?

By The Bamboo Works

Today, 4:44 AM

Key Takeaways: Tencent reported its first quarter profit fell 22.9%, but the market believes the worst is past after Beijing’s recent end to its freeze on new game approvals

DOYU

4 minute read

Vipshop Takes Defensive Posture As Headwinds Mount

By The Bamboo Works

Today, 4:44 AM

Key Takeaways: Vipshop’s revenue fell 11% in the first quarter, and it forecast the decline would accelerate to as much as 25% in the current quarter Company last month authorized a new $1 billion share repurchase program after buying back $500 million of shares over the previous year By Doug Young

AMZN

4 minute read

IPOs
News

One-Trick Pony Boan Biotech Files for Hong Kong IPO Into Tough Market

By The Bamboo Works

Today, 4:44 AM

Key Takeaways: Boan Biotechnology sells only one product so far and is facing stiff competition from other similar drugs Luye Pharma bought Boan in 2020 and is taking it public at a time when markets are bearish By Molly Wen

RHHBY

5 minute read

Fading Producer of China’s ‘The Voice’ Files for Hong Kong IPO

By The Bamboo Works

Today, 4:44 AM

Key Takeaways: Variety show producer Star CM has filed for a Hong Kong IPO, seeking funds to revive its fading fortunes Revenue from the company’s flagship “Sing! China” dropped from 1.14 billion yuan during its heyday in 2015 to just 252 million yuan last year.

TME

5 minute read

As Omicron Subsides, Dada Nexus Could Be Riding Into E-Commerce Gilded Era

By The Bamboo Works

Today, 4:44 AM

Key takeaways: • Dada Nexus’ revenue grew strongly in the first quarter, after excluding the impact of a change to the way it pays riders for certain delivery services

BABA

5 minute read

Shrinking Tencent Music Looks for Sustainable Business Model

By The Bamboo Works

Today, 4:44 AM

Key Takeaways: Tencent Music’s revenue and profit fell 15% and 34%, respectively, in the first quarter, after the company was ordered to stop its anti-competitive practices last year

BABA

5 minute read

Asia
Markets

Livestream Tipping Clampdown: Bad for the Big Boys, But Worse for Small Fries

By The Bamboo Works

Today, 4:44 AM

Key Takeaways: Newly announced rules will ban minors from tipping their favorite livestreaming hosts and outlaw tip rankings Big platforms like Kuaishou have more balanced tipping structures and diverse revenues, meaning they could suffer less from the new policy than smaller rivals