Stocks
CITIC Securities downgrades RLX Technology to 'hold' after shares fall nearly 50%
Given the likelihood of the draft passing, CITIC Securities has suggested three possibilities for RLX Technology.
...
Chinese power bank sharing vendor Energy Monster to list on Nasdaq on April 2, raising up to $500 million
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.
...
RLX Technology plunges nearly 50% as China's e-cigarette industry faces tougher regulations
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 reportedly to list in Hong Kong in Q2
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 Q4 revenue sharply exceeds expectations, founder Colin Huang resigns as chairman
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,
...
Luckin Coffee said to be bringing in PE investment
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 stock jumps over 40% as it signs restructuring deal with major debt holders
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
...
Futu reports Q4 revenue of $153 million, up over 280% year on year
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 trip
...
Power bank sharing firm with 34% market share in China files for US IPO
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 Q4 revenue up 31% to $34.4 billion, beating expectations
JD.com's adjusted earnings per ADS for the fourth quarter were RMB 1.49, above Wall Street analyst estimates of RMB 1.24.
...