Tianli Education’s Transition Plan Fails to Convince Investors
Key Takeaways:
Tianli Education’s stock tumbled 60% after the end of a three-month trading suspension due to a delayed release of its latest financial report
Following China’s ban on many of its former core education services, the company plans to offer new value-added services and changed its name
By Fai Pui
Zai Lab Revenue Triples, As It Struggles To Break Cycle Of Mounting Losses
Key takeaways:
Zai Lab reported its revenue grew 194% last year, but its loss also increased by 162% as it spent heavily on R&D and marketing
The company hopes heavy R&D spending can reduce its dependence on licensed products by improving its capacity to innovate
By Ken Lo
Rising Costs, Growing Competition Skewer Shrinking Niu Technologies
Key Takeaways:
Electric scooter maker Niu Technologies’ profit fell 18% in the fourth quarter, squeezed by rising material costs and growing competition
Company forecast revenue growth would slow to 20% to 30% in the first quarter from 47% in the fourth quarter
By Doug Young
TuSimple Paves The Way For Its Truck Technology Commercialization
Key Takeaways:
TuSimple announced that co-founder and CTO Hou Xiaodi will take over as the company’s chairman and CEO
Company’s shares lost two-thirds of their value in the two days after the announcement, closing at a post-IPO low
By Doug Young
One Man’s Loss Is Nissin Foods’ Gain in Hong Kong Outbreak
Key takeaways：
Nomura says Nissin Foods is profiting from recent panic buying in Hong Kong, adding it sees more than 30% potential upside to its stock
The instant noodle maker is valued higher than its peers, suggesting the market thinks it is better positioned to succeed in the vast mainland market
By Jony Ho
Finding Middle Ground: Chinese Companies Need to Recalibrate Their Global Strategies
By Lub Bun Chong
The U.S.-China decoupling shows no signs of abating anytime soon. That means that, like it or not, Chinese companies need to go back to the drawing board and recalibrate their international fundraising and growth strategies.
JD.com Pays Big Premium For Majority Control of Dada Nexus
Key Takeaways:
JD.com will take majority control of Dada Nexus for a big premium, completing a deal the two first announced a year ago
Deal may have been delayed by Beijing regulators, who are wary of the growing influence of China’s biggest technology companies
By Doug Young
I-Mab Co-founds a SPAC: What’s Up With That?
Key Takeaways:
Vivere Lifesciences Acquisition Corp., whose co-founders include U.S.-listed I-Mab, could become the first Hong Kong SPAC backed by a U.S.-listed Chinese company
The SPAC is targeting Chinese or multinational companies with Chinese operations in the health sector
By Fai Pui