Stocks

Zhihu reported a net loss of RMB 518 million in 2020, narrowing by 48.2% from a net loss of RMB 1 billion in 2019.

Kaixin Auto Holdings, a Chinese used-car dealership, announced that its 100 percent-owned subsidiary of Haitaoche Ltd signed two car sales contracts with third-party customers late last year.

Chinese AI unicorn SenseTime has launched plans to list on the A-share market and the Hong Kong stock exchange, Tencent News reported on February 26, adding the company is expected to file for listing in the second half of this year.

On January 7, seven Luckin Coffee vice presidents, all branch general managers, and core business executives signed a joint letter requesting the removal of Guo as Luckin Coffee's chairman and CEO.

Baidu shares rose 3.1 percent to $318.3 in after-hours trading on Thursday. The stock fell 5.37 percent to $308.68 on Thursday.

Wu Tianhua, founder and CEO of Tiger Brokers, said the convertible bond financing funds will be used to enhance product development and self-clearing capabilities and to help conduct business internationally.

Luckin Coffee, previously mired in a financial fraud scandal, filed for Chapter 15 bankruptcy protection under the US Bankruptcy Code in New York, according to Bloomberg.

Chinese short-video and live-streaming platform Kuaishou Technology (1024.HK) went public in Hong Kong on Feburary 5, opening at HK$338, up 193 percent from its offering price.

Duan sold 100 GME naked call options (equivalent to 10,000 GME shares) that expire on February 12 a few days ago, giving him a profit of more than $400,000 based on a $40-a-share premium.

China's leading contract chipmaker SMIC announced its withdrawal from the OTCQX, the US over-the-counter market, and the termination of the ADR Level 1 program on January 31.