News emerged on Monday that Chinese beverage chain Luckin Coffee is considering carrying out a public listing in Hong Kong as its business gets back on track. However, the company issued a statement denying such reports.
On Thursday, Muddy Waters Research released a report on its latest short-selling target: a U.S.-listed, China-based real estate trading platform, KE Holdings, pushing its shares down as much as 10% in premarket trading.
Sinotau Pharmaceutical Group announced in a document on Thursday that it has completed a D+ round of financing worth 320 million yuan ($50.03 million). The funds raised are for clinical R&D of new radioactive drugs.
Xpeng on Thursday announced its unaudited financial results for the second quarter of this year. The firm's total revenues were 3.761 billion yuan during the second quarter, representing an increase of 27.5% from the previous quarter.
Tencent Music Entertainment Group on Monday announced its 2021 Q2 financial report, showing net profits attributable to equity holders of the company reaching 1.12 billion yuan ($173 million), a decrease of 12% year-on-year.
According to a financial report released Wednesday by Nio, its revenue for Q2 this year reached 8.45 billion yuan ($1.3 billion), a year-on-year increase of 127.2%.
Alibaba Group on Tuesday announced its financial results for the second quarter of this year. The company shows confidence in its long-term prospects by increasing its share repurchase program from $10 billion to $15 billion.
A subsidiary of leading Chinese logistics firm SF Holding, Tongcheng Industrial Co., Ltd., submitted a listing application to the Hong Kong stock exchange on Wednesday, aiming to gain a leg up in the intensifying price war across the industry.
Chinese on-demand delivery and retail platform Dada Group on Tuesday reported a 52% jump in first quarter revenue from a year earlier, as the company tries to expand its network to the country’s lower-tier cities and rural areas.
Kuaishou Technology, the operator of the second most popular short-video platform after Douyin, saw its stock tumble as much as 11.6% on Tuesday after the company reported a 7.3 billion yuan ($1.14 billion) loss the previous day.
Tencent Holdings on Thursday reported a 25% gain in first quarter revenue from a year earlier, as the Chinese tech giant pledged to further ramp up investment across various areas.
Chinese streaming giant Tencent Music Entertainment (TME) confirmed on Tuesday that it is facing heightened scrutiny from antitrust regulators after reporting better-than-expected first quarter financial results the previous day.
Chinese electric vehicle (EV) maker Nio Inc. posted better than expected first quarter results, despite being forced to halt production in late March due to the global semiconductor shortage.
Chinese carmaker BYD unveiled its 2020 financial results on Monday with net profit jumping 162% year-on-year to 4.23 billion yuan ($643.72 million) thanks to a recovery of demand in the world’s largest automotive market.
