Key Takeaways:
Meitu reported its revenue grew 40% last year, driven by 147% growth for its services targeting business customers like photo studios and cosmetics stores
Company’s advertising revenue, which accounts for nearly half of its total, grew by just 12% as clients reined in their spending
By Doug Young
Nio, Inc. (NYSE: NIO) has a lot riding on a trio of new products in 2022, according to a Deutsche Bank analyst.
The Nio Analyst: Deutsche Bank analyst Edison Yu reiterated a Buy rating and $50 price target for Nio shares. The analyst also named Nio as his top pick.
Key takeaways:
Domino’s China operator DPC Dash has filed for a Hong Kong IPO that could raise up to $100 million and value the company at around $500 million
Company has cashed in on China’s recent shift to takeout dining, posting 18.7% same-store sales growth last year
By Doug Young
Shares of U.S.-listed Chinese tech companies traded notably lower in Hong Kong on Thursday, dragging the benchmark Hang Seng Index into negative territory after three straight days of gains.
Shares of U.S.-listed Chinese tech companies mostly traded higher in Hong Kong on Wednesday as the benchmark Hang Seng Index rose for a third straight day.
Vietnam is researching cryptocurrencies and their impact as it prepares to build a legal framework that could integrate digital assets such as Bitcoin (CRYPTO: BTC) into its digital economy.