The Bamboo Works - Spark Newswire

5 minute read

News

Nebula Brands Emerges as Star to Watch in Global Constellation of Amazon Aggregators

Today, 10:30 AM

Key Takeaways: Nebula Brands has announced a major new fundraising, bolstering its place as China’s top player in an emerging global group of Amazon aggregators

AMZN

5 minute read

Markets

Nowhere to Hide: ZhongAn Hammered by Stock and Bond Bloodbaths

By The Bamboo Works

Today, 10:30 AM

Key Takeaways: ZhongAn warned that it lost as much as 750 million yuan in the first half of 2022, reversing a year-ago profit, due to a drop in its investment income and foreign-exchange losses The digital insurer made its first-ever underwriting profit last year, but its profitability still depends heavily on investment income

BABA

5 minute read

SolarMax Banks on Sunny Name to Draw Investors to Its IPO

By The Bamboo Works

Today, 10:30 AM

Key Takeaways: Solar power systems developer SolarMax is aiming to raise $30 million in a New York listing, but investors could balk at the company’s lack of diversity The IPO marks the latest signal that Chinese listings could soon gain momentum in New York after a yearlong near-halt due to regulatory concerns in the U.S. and China

DIDIY

4 minute read

Penny Stocks

Didi Slapped With Hefty $1.2 Billion Fine. How Was the Amount Determined?

By The Bamboo Works

Today, 10:30 AM

Key Takeaways: China’s cybersecurity regulator imposed a big fine of $1.2 billion on Didi after closing a year-long investigation into the company, but how it arrived at the amount has raised concern in the market

BABA

5 minute read

Penny Stocks

RLX Burns Down, But Not Out, With New Licensing Announcement

By The Bamboo Works

Today, 10:30 AM

Key Takeaways: RLX has received a new manufacturing license as required under a new regulation announced earlier this year The license permits the company to produce rechargeable vaping devices at levels about 30% lower than its sales last year By Doug Young

RLX

5 minute read

Uncategorized

Strong Club Med Results Fail to Lift Fosun Tourism Back to Profits

By The Bamboo Works

Today, 10:30 AM

Key Takeaways • Fosun Tourism expects to post a loss of between 150 million yuan and 250 million yuan for the first six months of this year

TCOM

5 minute read

Kingsoft Cloud Gets Pelted by Storm Over Locked Novel

By The Bamboo Works

Today, 10:30 AM

Key Takeaways:

AAPL

5 minute read

After Ho-Hum Pricing, AMTD Digital Storms Out of the Gate in U.S. Trading Debut

By The Bamboo Works

Today, 10:30 AM

Key Takeaways:

FINV

5 minute read

Uncategorized

Yeahka Ramps Up E-Commerce Bid, But Investors Cash Out

By The Bamboo Works

Today, 10:30 AM

Key takeaways: Yeahka’s push into the highly competitive e-commerce space comes as growth slows for its core mobile payments business Company’s stock has fluctuated since its 2020 listing, and now trades near its IPO price after a roaring start in early 2021 By Trevor Mo

BABA

4 minute read

Flowing Cloud Technology Files for Hong Kong IPO Amid Metaverse Frenzy

By The Bamboo Works

Today, 10:30 AM

Key Takeaways: Flowing Cloud started as a games developer in 2008 and launched its first AR/VR platform in 2017 Gains in revenue and profit have been steady but the low-margin AR/VR marketing services division could dent future margins By Ken Lo