- Spark Newswire

5 minute read

IPOs
News

Giant Biogene IPO: A Collagen Queen, or Saggy-Skinned Stepsister?

Today, 6:04 PM

Key Takeaways: Giant Biogene has filed for a Hong Kong IPO, thriving on growing popularity of skin care products from China’s growing middle class The company’s gross margin has improved steadily over the last three years on strong sales for more expensive professional skin-care products

BABA

5 minute read

Luckin 2.0? Freefalling Cloopen Flags Potential Irregularities, Spooking Investors

By The Bamboo Works

Today, 6:04 PM

Key takeaways: • Cloopen said it formed an independent special committee to look into employee misconduct and transaction irregularities discovered by auditor KPMG

LKNCY

3 minute read

Asia
Markets

New China Accounting Scandal Flies Under the Radar. And Where There’s Smoke …

By The Bamboo Works

Today, 6:04 PM

By Doug Young

LKNCY

5 minute read

Amid Slowing Sales at Home, Innovent Biologics Stumbles Overseas

By The Bamboo Works

Today, 6:04 PM

Key takeaways: Innovent Biologics terminated a plan to sell its bevacizumab biosimilar in North America with a local partner after trials for the drug fell behind schedule The company’s loss tripled last year on growing competition for its core product, whose sales fell 22% in this year’s first-quarter

BGNE

5 minute read

Penny Stocks

Facing Double Whammy in India, Will Xiaomi Look Home for Comfort?

By The Bamboo Works

Today, 6:04 PM

Key Takeaways: Xiaomi has been accused of tax evasion in India, though the company claims its activities complied with local laws Ban of company’s local apps is dealing a second blow to Xiaomi in India, leading some to predict it could switch its focus back to its home Chinese market

XIACF

5 minute read

Penny Stocks

Stodgy Tax Services IPO Looks Like What U.S. Investors Want from China Now

By The Bamboo Works

Today, 6:04 PM

Key Takeaways: Lichen China has filed for an IPO to raise about $25 million, positioning itself as a potential consolidator in China’s vast, but highly fragmented, tax services market Company points out it should be able to avoid many of the recent controversies now dogging U.S.-listed Chinese stocks By Doug Young

5 minute read

CH-Auto Challenges Li Auto, Nio, Xpeng with U.S. SPAC Listing

By The Bamboo Works

Today, 6:04 PM

Key takeaways:

5 minute read

De Well Files for Hong Kong IPO, Flush With New Ties to Cainiao

By The Bamboo Works

Today, 6:04 PM

Key Takeaways: • Global logistics services provider De Well has filed for a Hong Kong IPO, aiming to boost its footprint on booming demand for cross-border e-commerce

AMZN

5 minute read

Full Truck Alliance Shift Up a Gear on Regulatory Easing Reports

By The Bamboo Works

Today, 6:04 PM

Key Takeways: Full Truck Alliance shares are up 60% from a mid-March low, including a 32% gain since Friday, on reports that Beijing may ease its regulatory oversight of big tech companies Company is currently undergoing a data security review and said its business could contract in the second quarter due to Omicron-related disruptions

BABA

5 minute read

Small Cap

JinkoSolar Stumbles on Covid Challenges, But Longer-Term Future Remains Bright

By The Bamboo Works

Today, 6:04 PM

Key Takeaways: JinkoSolar blamed Covid disruptions for a 10% sequential decline in its first-quarter revenue, but added such challenges should be ‘short-term and manageable’ Company forecast it will sell 35 GW to 40 GW of capacity this year, implying it is taking market share from rivals By Doug Young

CSIQ