Stocks

Given the likelihood of the draft passing, CITIC Securities has suggested three possibilities for RLX Technology.

Chinese power bank sharing vendor Energy Monster plans to list on Nasdaq on April 2 under the ticker symbol "EM," according to local media outlet IPO Zaozhidao.

As of press time, the company's shares are down more than 38 percent and its market value has evaporated by more than $7 billion.

Didi is targeting a valuation of more than $60 billion for its IPO, and will complete its listing on the Hong Kong Stock Exchange in the third quarter.

Pinduoduo's shares expanded more than 6 percent in pre-market trading after the earnings report. But the shares quickly plummeted after Huang announced his resignation as chairman, turning down 3.6 percent.

Luckin Coffee is in talks with private equity (PE) firms for a new round of investment, and from more than one investor, Chinese media outlet PEdaily reported Wednesday.

Luckin Coffee is actively using multiple sources to raise capital, "and is currently in a 30-day internal discussion with credible investors to raise at least $250 million through a private placement," it said.

Hong Kong-based stockbroker Futu Holdings reported total revenue of $153 million in the fourth quarter of 2020, up 282% year on year, marking its fourth consecutive quarter of triple-digit growth.

Energy Monster, a Chinese power bank sharing company, filed a registration statement with the SEC, planning to list on the Nasdaq under the ticker symbol "EM".

JD.com's adjusted earnings per ADS for the fourth quarter were RMB 1.49, above Wall Street analyst estimates of RMB 1.24.