- Spark Newswire

6 minute read

Step Right Up: Pop Mart Excites Investors with Foray Into Theme Parks

Today, 6:26 AM

Key takeaways: Pop Mart is reportedly planning to open its first theme park in Beijing as it looks to jumpstart its slowing growth Maker of popular collectible toys is looking to leverage its intellectual property in a China theme park market that was worth 426 billion yuan last year By Trevor Mo

DIS

4 minute read

New Oriental Tries Live Streaming E-commerce In Ongoing Transformation

By The Bamboo Works

Today, 6:26 AM

Key takeaways: New Oriental has turned to live streaming e-commerce, with founder Yu Minhong selling agricultural products online Yu refused to shut company down after education crackdown, saying he bears responsibility for 50,000 remaining employees By Jony Ho

DAO

5 minute read

Buyout Group Slashes Offer For 51Job, Others To Follow?

By The Bamboo Works

Today, 6:26 AM

Key Takeaways: A buyout group attempting to privatize 51Job has slashed its offer by 28% in light of economic and regulatory challenges Other companies in the process of similar privatizations, such as So-Young, iClick and Fanhua, could follow with similar reduced offers By Doug Young Brother, can you spare $22?

5 minute read

Connect Biopharma’s Latest Dermatitis Drug Update Fails to Pump Up Shares

By The Bamboo Works

Today, 6:26 AM

Key takeaways: Loss-making Connect Biopharma says Phase 3 clinical trials of its CBP-201 drug for atopic dermatitis will begin in second half of this year Connect Biopharma shares, which more than halved after its November release of initial Phase 2 clinical trial data, fell further after latest update By Mia Shanley

CNTB

5 minute read

Canaan Turns to Bitcoin Mining Even As Crypto Hunters Face Mounting Challenges

By The Bamboo Works

Today, 6:26 AM

Key takeaways: • Canaan (NASDAQ: CAN) has entered the Bitcoin (CRYPTO: BTC) mining business with deals to jointly operate facilities in Kazakhstan

BTC

5 minute read

Tech

Coming Soon to Your Nearby Nayuki: Pricier Premium Tea Served by Robots

By The Bamboo Works

Today, 6:26 AM

Key Takeaways: Nayuki accelerated its aggressive expansion in the fourth quarter, with a sharp focus on its higher-end PRO-branded premium tea stores Company trialed automated tea-making machines at end of last year’s fourth quarter, and plans broader rollout in this year’s third quarter By Doug Young Who needs people?

SBUX

5 minute read

ZhongAn Subtly Touts Its Investment Chops Without Help Of Big-Name Parent

By The Bamboo Works

Today, 6:26 AM

Key takeaways: ZhongAn Insurance says it renewed an asset management services agreement with Ping An Insurance, one of its three parents While the cap on fees ZhongAn can pay to Ping An annually was unchanged in the new agreement, the company hasn’t fully utilized the quota in recent years By Warren Yang

BABA

5 minute read

Penny Stocks

China Comes Out In Support of Continued U.S. Listings – With Stronger Oversight

By The Bamboo Works

Today, 6:26 AM

Key Takeaways: China’s securities regulator has announced its intent to continue allowing Chinese companies to list overseas, though with stricter oversight Regulator will most likely limit such listings to large companies with global aspirations, possibly encouraging them to first list at home By Doug Young

ASML

5 minute read

Battered Autohome Sees Light At The End Of The Tunnel

By The Bamboo Works

Today, 6:26 AM

Key Takeaways: Leading Chinese online auto company Autohome says its revenue fell 24% in the third quarter, dragged down by a 50% decline in spending by car manufacturers The company sees global auto sector returning to more normal conditions in the second half of next year as chip shortages ease By Doug Young

4 minute read

360 DigiTech Earns ‘Survivor’ Title After Latest Regulatory Wave

By The Bamboo Works

Today, 6:26 AM

Key Takeaways: 360 DigiTech has reported strong third-quarter results, with both turnover and net income posting solid gains Investment banks are optimistic on the company, with Morgan Stanley raising its target price to $54 – nearly double the current share price By Fai Pui

FINV