The Bamboo Works - Spark Newswire

5 minute read

AIM Puts mRNA Covid Vaccine in Investor Crosshairs With New IPO Attempt

Today, 12:44 PM

Key takeaways: Vaccine maker AIM has filed for an IPO in Hong Kong, following unsuccessful previous bids in Hong Kong and on Shenzhen’s ChiNext board The company has three Covid vaccines under development, including an mRNA vaccine expected to hit the market in the fourth quarter By Fai Pui

BNTX

5 minute read

Me-ow! Pet Community Operator Boqii Faces Delisting Due to Shriveling Valuation

By The Bamboo Works

Today, 12:44 PM

Key Takeaways: Boqii could face delisting from the NYSE after its market valuation fell out of compliance with NYSE rules Company could delist through a management-led buyout and is likely to disappear from the NYSE main board within the next year By Doug Young Call it the incredible shrinking pet.

5 minute read

Zhihu in Quest to Be First Internet Firm with U.S., Hong Kong Primary Listings

By The Bamboo Works

Today, 12:44 PM

Key takeaways: Zhihu will make a second primary listing in Hong Kong alongside its current U.S. listing, aiming to ease U.S. regulatory pressure and reach more Chinese investors Lukewarm interest in the new Hong Kong offering suggests investors are concerned about the company’s growing losses By Jony Ho

BABA

5 minute read

Goldwind Diversifies with $3 Billion Deep-Sea Wind Power Investment

By The Bamboo Works

Today, 12:44 PM

Key Takeaways: Xinjiang Goldwind has announced a new tie-up worth nearly $3 billion with the city of Wenzhou involving deep-sea wind power Move will allow the company to develop technology in a major new emerging area, and also help it diversify geographically beyond its controversial home base By Doug Young

5 minute read

With Founder Fading Out, JD.com Moves to Collective Leadership

By The Bamboo Works

Today, 12:44 PM

Key takeaways: JD.com’s founder Richard Liu is stepping down from his CEO role but will remain as the company’s chairman focused on long-term strategy Some analysts believe China internet companies face greater risk from regulation at home and abroad than from changes in their top ranks By Ken Lo

BABA

5 minute read

CBAK Talks Up Acquisition of Troubled Supplier, But Investors Unimpressed

By The Bamboo Works

Today, 12:44 PM

Key takeaways: • CBAK says a troubled battery materials supplier it acquired late last year generated about four times its own revenue in the first nine months of 2021 • Filings show financials for the acquired company remain shaky, with its operations producing large cash deficits

CBAT

5 minute read

VNET Finally Gets Some Respect from Unsolicited Suitor

By The Bamboo Works

Today, 12:44 PM

Key Takeaways: VNET has received an unsolicited buyout offer that is 50% higher than its previous stock price, sparking a 30% surge in its shares Company is the relative laggard among China’s three major independent data center operators despite its status as the oldest of the group By Doug Young

5 minute read

AI Pharma Startup METiS Raises $150 Million. IPO In Sight?

By The Bamboo Works

Today, 12:44 PM

Key takeaways: METiS Pharmaceuticals has completed five funding rounds since its establishment in January 2020, including the latest two worth $150 million The company was incubated by AI pharmaceutical unicorn XtaiPl, whose most recent valuation exceeded $2.05 billion By Molly Wen

KALA

5 minute read

Uncategorized

Cancer Drug Maker BeiGene Takes Action to Mitigate Delisting Risk

By The Bamboo Works

Today, 12:44 PM

Key Takeaways: BeiGene has switched auditors for its New York listing to a U.S. company from a Chinese one in a move to comply with U.S. law The change could reduce the company’s threat of being forcibly delisted from the Nasdaq By Doug Young

BGNE

5 minute read

Global Cord Blood Corp Looks Anemic on Slow Growth, Regulatory Concerns

By The Bamboo Works

Today, 12:44 PM

Key Takeaways: