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Jan 17, 2025 | 
thebambooworks.com | Teri Yu |Rachel Chan
The livestream gaming platform unveiled new leadership more than a year after the arrest of its CEO, in a bid to overcome challenges on multiple frontsBy Teri YuOnline livestream game platform DouYu Holdings Ltd. (DOYU.US) on Thursday named a new co-CEO, filling a prolonged leadership vacuum. Simultaneously, the company also declared a massive special cash dividend in a bid to entice investors to its stock.
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Jan 10, 2025 | 
thebambooworks.com | Teri Yu |Rachel Chan
Chinese companies continued to dominate the annual U.S. list of online and offline marketplaces with high trading in counterfeit goodsBy Teri YuDouyin Mall, the e-commerce arm of Chinese short video platform Douyin, the Chinese edition of Tiktok, was added to an annual U.S. list naming and shaming global marketplaces with high trafficking in pirated goods.
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Nov 27, 2024 | 
tradingview.com | Teri Yu
Hesai Zooms Ahead In Third Quarter, Setting Stage For Milestone YearHSAIHesai’s third quarter revenue rose 21.1% year-on-year to 540 million yuan ($76.9 million), surpassing the top end of its earlier guidance.
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Nov 26, 2024 | 
thebambooworks.com | Teri Yu
The autonomous driving sensor technology company posted 183% shipment growth in the third quarter and is rapidly approaching year-end profitabilityKey Takeaways:Hesai’s third quarter revenue rose 21.1% year-on-year to 540 million yuan ($76.9 million), surpassing the top end of its earlier guidance.
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Nov 21, 2024 | 
thebambooworks.com | Teri Yu
The logistics company handled more than 100 million parcels on a single day at the height of a shopping festival likened to Black Friday in the WestBy Teri YuGlobal logistics provider J&T Global Express Ltd. (1519.HK) handled more than 100 million parcels on a single day during this year’s “Double 11” shopping festival, demonstrating its ability to handle such large volumes during an event that has come be known as China’s – and increasingly Asia’s – answer to Black Friday in the West.
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Oct 3, 2024 | 
thebambooworks.com | Teri Yu
The freight logistics company’s revenue rose 18% in the first half of this year, while its adjusted profit jumped by 41% on improving efficienciesBy Teri YuLogistics giant Lalatech Holdings Ltd. relaunched its IPO on Wednesday, aiming to woo investors with continuing strong growth and accelerating profits, even in the face of economic headwinds for its core markets in Hong Kong and Mainland China.
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Sep 30, 2024 | 
thebambooworks.com | Teri Yu |Rachel Chan
The maker of education products for children said its revenue fell 11% in the third quarter, while its profit plunged 41%By Teri YuChildren’s educational products and services provider iHuman Inc. (IH.US) reported on Friday its net income tumbled 41% year-on-year to 24.7 million yuan ($3.52 million) in the quarter through June from 42.1 million yuan a year earlier. Its revenue fell 11% to 215 million yuan from 241 million yuan a year earlier.
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Sep 5, 2024 | 
thebambooworks.com | Teri Yu |Rachel Chan
Country Garden Holdings (2007.HK) disclosed on Thursday that its monthly contracted sales for August declined 57% year-on-year to 3.43 billion yuan ($483 million), with a gross floor area of about 350,000 square meters. The decline follows a 72% drop in sales the previous month, underscoring difficulties the company faces as it battles potential liquidation.
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Sep 5, 2024 | 
thebambooworks.com | Teri Yu |Rachel Chan
China’s leading e-commerce marketplaces had resisted using the Tencent-backed payment service for years in favor of services from its affiliate AlipayBy Teri YuE-commerce giant Alibaba Group Holding Ltd. (BABA.US; 9988.HK) said on Wednesday that its Taobao and Tmall online marketplaces will begin accepting payments from people using Tencent’s (0700.HK) WeChat payment system.
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Sep 2, 2024 | 
thebambooworks.com | Teri Yu |Rachel Chan
By Teri YuUP Fintech Holding Ltd. (TIGR.US), known for its Tiger Brokers online trading services, reported last Friday its revenue touched a new record in the second quarter, even as its profit fell sharply due to a loss related to a discontinued business. The company’s revenue for the June quarter totaled $87.4 million, up 10.8% quarter-on-quarter and 32.4% year-on-year. Its net income of $2.6 million was down 80.3% from $13.2 million a year earlier.
