The Bamboo Works - Spark Newswire

5 minute read

TuSimple Moves Closer to China Exit Ramp as Questions Loom on U.S. Commercialization

Today, 10:17 PM

Key Takeaways: China’s largest private auto group may acquire TuSimple’s Asia-Pacific business, allowing it to cut its China ties and alleviate U.S. national security concerns The company’s commercialization timeline has been thrown into doubt following an April accident that raised safety concerns

AUR

5 minute read

Penny Stocks

Catching Listing Chill, Dingdang Health Slashes Hong Kong IPO

By The Bamboo Works

Today, 10:17 PM

Key Takeaways: Dingdang Health has passed a listing hearing in its second try at a Hong Kong IPO, aiming to raise $100 million The company has shifted from its original asset-light to a more asset-intensive model to make good on its promise of faster deliveries By Emily Chan

ALBHF

5 minute read

China, U.S. Stock Regulators Hope New Agreement Will Succeed Where Others Haven’t

By The Bamboo Works

Today, 10:17 PM

Key Takeaways:

CQQQ

5 minute read

Is Tencent Winding Down Its Big Investments?

By The Bamboo Works

Today, 10:17 PM

Key Takeaways: Reuters reported Tencent might sell some or all of its Meituan holdings this year, though Tencent called the report ‘inaccurate’ Some think Tencent might sell other stakes in its more than 70 U.S.- and Hong Kong-listed portfolio companies to raise funds to buy back its shares By Fai Pui

BABA

4 minute read

Livestream Gamer DouYu Edges Ahead in Cost-cutting Battle

By The Bamboo Works

Today, 10:17 PM

Key Takeaways: DouYu’s revenues fell by around 22% in the second quarter, but the company broke a six-season losing streak with an adjusted net profit of 23.50 million yuan Huya’s revenue tumbled 23% in the same period, and it barely eked out an adjusted net profit after slashing costs By Ken Lo

DOYU

5 minute read

Small Cap

Miniso Gets Dressing Down in Online Brouhaha

By The Bamboo Works

Today, 10:17 PM

Key Takeaways: Miniso’s shares are down 17% since it was accused of mislabeling a Chinese-clothed doll as Japanese, and more broadly of trying to hide its Chinese roots The attack represents a relatively unique risk faced by both foreign and domestic companies doing business in China By Doug Young

MNSO

5 minute read

Penny Stocks

Secoo’s Online Luxury Dream Ends in Bankruptcy, Sea of Discontent

By The Bamboo Works

Today, 10:17 PM

Key Takeaways: Online luxury goods reseller Secoo has filed for bankruptcy after its business stumbled under Covid-related disruptions and internal missteps Company’s Nasdaq-listed shares now trade at around $0.24, a fraction of the $13 they sold for in better times at its 2017 IPO By Shirley Lau

SECO

5 minute read

Well-baked? Commercial Kitchen Appliance Maker Li Bang Eyes Nasdaq IPO

By The Bamboo Works

Today, 10:17 PM

Key Takeaways • Jiangsu-based Li Bang International has filed for a Nasdaq IPO to raise $25 million through the issue of 5 million shares

DIDIY

4 minute read

Kingsoft Cloud Joins Chinese Companies Pivoting To Hong Kong as Delisting Risk Grows

By The Bamboo Works

Today, 10:17 PM

Key Takeaway: Kingsoft Cloud has joined more than 100 companies that can be delisted in the U.S. amid an impasse in talks between Washington and Beijing over a U.S. law that requires Chinese companies listed in the country to share audit records, which the Chinese government considers state secrets

BEKE

5 minute read

Hongjiu Fruit Gets IPO Go-ahead but Cash Flow Concerns May Bite

By The Bamboo Works

Today, 10:17 PM

Key Takeaways: Hongjiu Fruit specializes in high-value fruit and was the biggest distributor of branded fresh fruit in China last year in revenue terms The company’s rapid expansion of new retail channels has raised cash flow risks, with trade receivables surging above 5.9 billion yuan in the first five months of the year

BABA