The Bamboo Works - Spark Newswire

4 minute read

‘Stock Advisor’ JF Wealth Defies Market Basics with Ill-Timed IPO Bid

Today, 4:20 AM

Key Takeaways: Online investment advisor JF Wealth has filed for a Hong Kong IPO, deriving most of its revenue from high-end education and content services The company faces mounting headwinds from rapidly growing sales and marketing costs and increasing refund requests By Emily Chan

FUTU

5 minute read

Qudian in Search of a Business as Stock Returns to Penny Territory

By The Bamboo Works

Today, 4:20 AM

Key Takeways: Qudian was notified by the New York Stock Exchange that it was in violation of listing rules that require its stock price to stay above $1 The warning was its third one this year, and came after the company said it was scaling down a food business it started just six months ago and ceased its main lending business

FINV

5 minute read

Uncategorized

IT provider Edianyun Seeks IPO Cash, with Finances Under a Cloud

By The Bamboo Works

Today, 4:20 AM

Key Takeaways: The pre-listing finances at Edianyun have taken a sharp turn for the worse, as the company’s net loss in the first half of this year alone is almost equal to the total combined losses of the previous three years

CRM

5 minute read

UP Fintech Flexes Global Expansion Muscle With NYSE Membership

By The Bamboo Works

Today, 4:20 AM

Key Takeaways: UP Fintech’s TradeUP Securities unit has become a member of the New York Stock Exchange, giving its customers direct access to the bourse to enable faster trades at lower costs

FUTU

5 minute read

Boqii Barks With Latest Earnings Report, But Investors Beg for Profits

By The Bamboo Works

Today, 4:20 AM

Key Takeaways: Boqii’s revenue dropped slightly in the three months to June, though business for its self-operated mall rose by 20% Company could face delisting if it can’t bring its market value above $50 million – more than double the current level – by early 2024 By Doug Young

5 minute read

Yesterday’s News? Qutoutiao Adds Delisting Threat to Growing Headaches

By The Bamboo Works

Today, 4:20 AM

Key Takeaways: Qutoutiao faces potential delisting after being notified last week that the value of its publicly held shares is too small The cash-strapped company has adopted a cost-cutting strategy over the last two years, and has yet to report its first and second quarter results for this year By Trevor Mo

BABA

5 minute read

Loss-hit Fenbi Tech Seeks IPO Cash After Education Sector Upheaval

By The Bamboo Works

Today, 4:20 AM

Key Takeaways: Fenbi Technology has posted losses of more than 2.5 billion yuan in the past two years after shifting from online into offline training The company laid off more than 9,400 employees and cut staff salaries to ease financial pressure By Fai Pui

EDU

5 minute read

China IPO Flow Picks Up in New York, But Big Names Still Absent

By The Bamboo Works

Today, 4:20 AM

Key Takeaways: Four Chinese companies have submitted New York IPO applications since Sept. 6, indicating such listings could be accelerating after a near standstill over the past year

BABA

5 minute read

A Year After Splashy IPO, Missfresh Looks Well Past Its ‘Sell Date’

By The Bamboo Works

Today, 4:20 AM

Key Takeaways: Missfresh announced a major reshuffle of its top ranks, including the resignation of both of its co-CFOs, one of whom was also among three board members to resign The changes came as the company faces a cash crunch caused by swelling losses, big debt and massive back wages owed to former employees

DDL

5 minute read

Despite the Hype, 3D Printing Leader UnionTech Remains a Fundraising Minnow

By The Bamboo Works

Today, 4:20 AM

Key Takeaways: Leading 3D printing equipment maker UnionTech has raised a modest $28.8 million in its latest funding, as it expands into businesses across the 3D printing value chain

DDD