Asia - Spark Newswire

4 minute read

Mega Genomics Eyes Hong Kong IPO To Ride Growing Popularity of Genetic Testing

Today, 3:19 AM

Key Takeaways: Mega Genomics is looking to list about 11.9 million shares at HK$18-HK$22 apiece in Hong Kong on June 23 Although the company’s net profit didn’t grow last year amid pressure on margins, it remained profitable unlike listed competitors New Horizon Health and Burning Rock Biotech By Molly Wen

BNR

2 minute read

Why Alibaba, Nio, Chinese Peers Are Trading Mixed In Hong Kong Today

By Navdeep Yadav

Today, 3:19 AM

Shares of major U.S.-listed Chinese companies traded mixed in Hong Kong on Thursday as they struggled for direction.

BABA

1 minute read

Why Nio Is Shooting Higher In Hong Kong Today

By Navdeep Yadav

Today, 3:19 AM

Shares of Chinese electric vehicle maker Nio Inc (NYSE: NIO)shot up on Thursday in Hong Kong after the company's latest product launch renewed investors' hope.

5 minute read

Qudian Finds New Business Model in Buying Back Shares

By The Bamboo Works

Today, 3:19 AM

Key Takeaways: Qudian has announced a $200 million share buyback plan, extending a recent series of buying of its own stock Aggressive share purchasing comes as Qudian dramatically scales back its original consumer lending business and searches for a new business model By Doug Young

FINV

1 minute read

Apple Supplier Foxconn Breaks Ground On First EV Battery Plant

By Navdeep Yadav

Today, 3:19 AM

One of Apple Inc's (NASDAQ: AAPL) oldest and largest suppliers, Foxconn, has forayed into the electric vehicle segment.

AAPL

2 minute read

Why Alibaba, Nio, Chinese Peers Are Surging In Hong Kong Today

By Navdeep Yadav

Today, 3:19 AM

Shares of major U.S.-listed Chinese companies traded higher in Hong Kong on Tuesday morning as investors cheered better-than-expected economic data from the Asian nation.

BABA

5 minute read

With DiDi Reprieve, Is China Taking the Handbrake off the Tech Sector?

By The Bamboo Works

Today, 3:19 AM

Key takeaways: Along with DiDi, logistics matching platform Full Truck Alliance and online recruitment company Kanzhun are also likely to be allowed to sign up new users

BABA

2 minute read

Disney Pays $3B For India TV Rights To Indian Premier League Cricket

By Phil Hall

Today, 3:19 AM

The Walt Disney Co. (NYSE: DIS) has secured the Indian subcontinent television rights to Indian Premier League (IPL) cricket, despite earlier reservations from CEO Bob Chapek regarding the company’s enthusiasm in pursuing this sporting event.

AMZN

4 minute read

Online Brokers UP Fintech, Futu Stumble on Weak Stock Markets

By The Bamboo Works

Today, 3:19 AM

Key Takeaways: UP Fintech and Futu reported sharp first-quarter revenue declines as weak stock markets caused trading commissions to slide Futu reined in spending during the period, while UP Fintech’s spending rose on aggressive hiring for its global expansion By Doug Young

FUTU