The Bamboo Works - Spark Newswire

5 minute read

Weibo Plays With the Big Boys in Numbers, But Investors Still Worry

Today, 10:50 PM

Key takeaways: Weibo’s revenue rose above pre-pandemic levels last year, but its profitability lagged due to heavy spending The company trails Meta in its ability to monetize users, and is very much in the shadow of local rival WeChat in terms of total user numbers By Ken Lo

5 minute read

Crackdown on U.S.-listed Chinese Stocks Ruins Party for China Renaissance, CICC

By The Bamboo Works

Today, 10:50 PM

Key takeaways: • China Renaissance’s revenue fell by a third in the second half of last year from the first half as the number of U.S. IPOs it handled dropped to one from nine

DIDI

5 minute read

Dingdong, Missfresh Surge on Booming Business During Covid Lockdowns

By The Bamboo Works

Today, 10:50 PM

Key Takeaways: Investors may be growing more bullish on Dingdong and Missfresh as recent Covid-related lockdowns drive more consumers to buy groceries online Both companies trade at relatively low valuations, even after big stock gains this week, as analysts remain bullish on the pair By Doug Young

DDL

5 minute read

U.S.-Bound China IPO Train Could Resume by Summer, Latest Signals Show

By The Bamboo Works

Today, 10:50 PM

Key Takeaways:

BABA

5 minute read

Asia
Markets

Nayuki Brews Comeback With Slimmed-Down Shops, Automation

By The Bamboo Works

Today, 10:50 PM

Key takeaways: Nayuki reported a $22.9 million adjusted loss last year, reversing a profitable 2020, hit by stiff competition and pandemic-related disruptions The company announced price cuts in mid-March in a brewing price war sparked by larger archrival Heytea By Fai Pui

SBUX

4 minute read

Meitu’s B2B Makeover Gains Momentum. First Profits in Sight?

By The Bamboo Works

Today, 10:50 PM

Key Takeaways: Meitu reported its revenue grew 40% last year, driven by 147% growth for its services targeting business customers like photo studios and cosmetics stores Company’s advertising revenue, which accounts for nearly half of its total, grew by just 12% as clients reined in their spending By Doug Young

BIDU

5 minute read

Domino’s China Operator DPC Dash Delivers Hong Kong IPO

By The Bamboo Works

Today, 10:50 PM

Key takeaways: Domino’s China operator DPC Dash has filed for a Hong Kong IPO that could raise up to $100 million and value the company at around $500 million Company has cashed in on China’s recent shift to takeout dining, posting 18.7% same-store sales growth last year By Doug Young

DPZ

5 minute read

Weimob Invests For The Future, As Investors Grow Impatient For Profits

By The Bamboo Works

Today, 10:50 PM

Key Takeaways: Weimob reported a $566 million yuan adjusted loss for 2021, reversing a profit from the previous year, as it spent heavily on new initiatives Big-name investors sold down their stakes in the company in the second half of last year, but are showing early signs of returning By Doug Young

BABA