- Spark Newswire

5 minute read

ZTO Emerges from Latest Delivery Price Wars With Return to Profit Growth

Today, 8:43 AM

Key Takeaways: ZTO’s adjusted profit grew 35% in the fourth quarter, reversing a trend that saw the figure decline in five of the last seven quarters Return to profit growth comes as recent price war eases, and amid growing signs of consolidation in the fragmented logistics sector By Shirley Lau

ZTO

4 minute read

Leapmotor Enters EV Race to Capital Markets With Hong Kong IPO Plan

By The Bamboo Works

Today, 8:43 AM

Key takeaways: Leapmotor plans to go public in Hong Kong, becoming the fourth Chinese electric vehicle startup to list on the exchange The money-losing company is trying to shift gears from making mini EVs to more traditional sedans at the mid- to high-end of the market By Ken Lo

5 minute read

Small Cap

UP Fintech Roars Back as Investors Read Between the Lines of Mediocre Results

By The Bamboo Works

Today, 8:43 AM

Key Takeaways:

BABA

5 minute read

FinVolution Emerging as Fintech Lending Leader After Industry Makeover

By The Bamboo Works

Today, 8:43 AM

Key Takeaways: • FinVolution, which has transformed into a loan facilitator from a direct lender, reported a 32% rise in fourth quarter revenue despite regulatory headwinds for fintech lenders

FINV

5 minute read

TuSimple Looks to Decouple From China. Others to Follow?

By The Bamboo Works

Today, 8:43 AM

Key Takeaways: Autonomous truck company TuSimple is reportedly looking to spin off its China business, leaving its more advanced U.S. business as its main asset Such a spinoff could provide upside for company’s stock by significantly reducing U.S. national security concerns By Doug Young

BABA

4 minute read

CALB Taps Into EV Battery Fever With Hong Kong IPO Plan

By The Bamboo Works

Today, 8:43 AM

Key Takeaways: EV battery maker CALB has applied to list in Hong Kong, in what could become the city’s biggest IPO so far this year The company turned profitable last year with net income of 112 million yuan, but spiking material prices are denting its gross margin By Ken Lo

XPEV

5 minute read

Cango Shifts Gears Into Macro Headwinds, With Eye on NEVs and Car Services

By The Bamboo Works

Today, 8:43 AM

Key Takeaways: Cango reported its fourth-quarter revenue rose sequentially but was down slightly from a year ago, as its newer car-trading services took up a larger portion of the total Company faces a number of macroeconomic headwinds, including pandemic restrictions and a chip shortage that has dampened new car sales worldwide By Doug Young

ATHM

5 minute read

ATRenew Digs Closer to Profits With City-Level Recycling Drive

By The Bamboo Works

Today, 8:43 AM

Key Takeaways:

CVNA

5 minute read

Spurned by New York, Kingsoft Cloud Looks for Love in Hong Kong

By The Bamboo Works

Today, 8:43 AM

Key Takeaways: Kingsoft Cloud is studying a possible dual listing in Hong Kong to complement its current listing on the Nasdaq Company made the announcement after the U.S. securities regulator reminded U.S.-listed Chinese firms they could face forcible delistings under a law passed in December 2020 By Doug Young

5 minute read

Renewed Focus Clears Distractions for Chindata After Founder’s Abrupt Exit

By The Bamboo Works

Today, 8:43 AM

Key takeaways: • Chindata reported its revenue grew 41% in the fourth quarter, as its full-year revenue and EBITDA for 2021 exceeded previous guidance