China’s fading box office delivers rare profit-booster for Imax China
After a lackluster performance last year, the big-screen movie company returned to profit growth in the first half of 2025 on the back of box office blockbuster ‘Ne Zha 2’…
1970.HK
IPO applicant Lemo faces cash squeeze and credibility questions
The operator of massage chairs in public spaces is making a renewed pitch to investors amid a lingering controversy about its business data Key Takeaways: The firm deploys massage chairs…
Autohome deflated by plunging ad sales, car price wars
The car-trading services provider reported a fourth consecutive quarter of revenue decline in the second quarter, as its gross margin plunged more than 10 percentage points Key Takeaways: Autohome’s revenue…
2518.HK
ATHM.US
Pony AI pulls ahead of WeRide in China robotaxi race
Both companies notched an important new advance last week when Shanghai unveiled a major expansion to its robotaxi program Key Takeaways: Pony AI, WeRide and Baidu were among groups awarded…
WRD.US
PONY.US
Zhida seeks to recharge its finances with another IPO bid
The maker of charging techology for electric vehicles risks running out of juice to manage its cash flow and fund its international expansion plans Key Takeaways: The company managed to…
Hengrui Pharma targets obesity drug launch after test success
The Chinese drug company is looking to break into the big league for weight-loss treatments after its injection demonstrated sustained weight loss in Phase Three trials Key Takeaways: Participants receiving…
1276.HK
600276.SHG
FAST NEWS
Discover hidden China stock gems in our weekly newsletter
IPO 
IPO applicant Lemo faces cash squeeze and credibility questions
The operator of massage chairs in public spaces is making a renewed pitch to investors amid a lingering controversy about its business data Key Takeaways: The firm deploys massage chairs…
PomDoc offers up well-conceived but overvalued digital healthcare IPO
The online health services provider aims to raise up to $30 million through a Nasdaq listing, even as its liabilities far outweigh its assets Key Takeaways: PomDoc aims to raise…
Klook goes against the flow with U.S. listing plan
The Hong Kong-based online travel agent targeting young consumers is reportedly planning to file soon for a New York listing that could raise up to $500 million Key Takeaways: Klook…
Yangtuo bets on small-town moms despite declining birth rates
The infant products e-commerce platform has filed for a Hong Kong IPO, hoping investors will buy into its transformation story after its revenue flatlined last year Key Takeaways: Yangtuo’s infant…
New Energy 
Zhida seeks to recharge its finances with another IPO bid
The maker of charging techology for electric vehicles risks running out of juice to manage its cash flow and fund its international expansion plans Key Takeaways: The company managed to…
Fading revenue fails to cast shadow over Xinzi’s IPO ambitions
Despite reporting a net loss and falling revenue last year, the thin-film solar packaging firm has doubled the size of its Nasdaq share sale Key Takeaways: Xinzi Optoelectronics has filed…
Nio’s road to profitability obscured in haze of losses
The NEV maker’s sales fell short of expectation and its losses continued to widen in the first quarter, even as founder Li Bin outlined a route to profitable by year-end…
Consumer 
China’s fading box office delivers rare profit-booster for Imax China
After a lackluster performance last year, the big-screen movie company returned to profit growth in the first half of 2025 on the back of box office blockbuster ‘Ne Zha 2’…
IPO applicant Lemo faces cash squeeze and credibility questions
The operator of massage chairs in public spaces is making a renewed pitch to investors amid a lingering controversy about its business data Key Takeaways: The firm deploys massage chairs…
Autohome deflated by plunging ad sales, car price wars
The car-trading services provider reported a fourth consecutive quarter of revenue decline in the second quarter, as its gross margin plunged more than 10 percentage points Key Takeaways: Autohome’s revenue…
Tian Tu banks on bonds in planned pivot from its retail roots
The private equity investor appears to be setting its sights on high-tech companies as it prepares to raise funds by issuing bonds Key Takeaways: Tian Tu Capital is looking to…
Tinci Materials eyes Hong Kong listing, hoping investors see past its sagging profits
The lithium battery materials maker aims to use funds from its planned IPO to advance its global expansion, as it grapples with declining profits and weak prices Key Takeaways: Tinci…
Healthcare/biotech 
Hengrui Pharma targets obesity drug launch after test success
The Chinese drug company is looking to break into the big league for weight-loss treatments after its injection demonstrated sustained weight loss in Phase Three trials Key Takeaways: Participants receiving…
PomDoc offers up well-conceived but overvalued digital healthcare IPO
The online health services provider aims to raise up to $30 million through a Nasdaq listing, even as its liabilities far outweigh its assets Key Takeaways: PomDoc aims to raise…
Fortune smiles again on WuXi AppTec with profit surge
The drug services giant has forecast a jump in revenue for the first half and a doubling of net profit, after U.S. policy concerns abated Key Takeaways: The projected results…
Private healthcare’s unclear road, and a surging cosmetic surgeon
Private clinic operators for medical treatments like eye and dental care are facing a difficult path as Chinese consumers rein in their spending. What's ahead for this group? And cosmetic surgery services provider So-Young's shares have soared in recent weeks as investors embrace its shifting business model. Why are they suddenly so confident?
Finance 
Tian Tu banks on bonds in planned pivot from its retail roots
The private equity investor appears to be setting its sights on high-tech companies as it prepares to raise funds by issuing bonds Key Takeaways: Tian Tu Capital is looking to…
Hong Kong: China’s IPO pipeline and crypto lab
Companies raised $13.6 billion through Hong Kong IPOs in the first half of the year, giving the city the global fundraising title for that period. What's behind the sudden boom? And a growing number of Chinese companies are experimenting with cryptocurrencies in Hong Kong, even as such currencies are banned on the Mainland. What's driving such different approaches on the Mainland and in Hong Kong?
INTERVIEW: Cango maps out future path as bitcoin miner
The company recently completed the first phase of its transformation from auto trader to bitcoin miner with its acquisition of additional machines with 18 EH/s of capacity By Doug…
Hong Kong IPOs explode in first half as China Inc. abandons New York
Hong Kong listings by 44 companies raised $13.6 billion in the first six months of 2025, accounting for a quarter of the world’s total IPO fundraising Key Takeaways: Hong Kong…
Ecommerce 
Yangtuo bets on small-town moms despite declining birth rates
The infant products e-commerce platform has filed for a Hong Kong IPO, hoping investors will buy into its transformation story after its revenue flatlined last year Key Takeaways: Yangtuo’s infant…
Alibaba turns up its ‘instant retail’ game
The merger of its Ele.me service with its core e-commerce business marks a new stage in the e-commerce giant’s three-way “on-demand retail wars” with Meituan and JD.com Key Takeaways: Alibaba…
INTERVIEW: Alibaba brings e-commerce closer to consumers with RedNote partnership
Embedded links in recommendation notes on the popular lifestyle platform will take buyers directly to items for sale in Alibaba’s Tmall and Taobao marketplaces By Doug Young Taobao and…
Qudian: A slow-motion privatization?
The company said it is contemplating winding down its last-mile delivery service after stiff competition caused its revenue to plunge in the first quarter Key Takeaways: Qudian’s revenue fell by…
AI/Infrastructure/Resources 
Pony AI pulls ahead of WeRide in China robotaxi race
Both companies notched an important new advance last week when Shanghai unveiled a major expansion to its robotaxi program Key Takeaways: Pony AI, WeRide and Baidu were among groups awarded…
Tinci Materials eyes Hong Kong listing, hoping investors see past its sagging profits
The lithium battery materials maker aims to use funds from its planned IPO to advance its global expansion, as it grapples with declining profits and weak prices Key Takeaways: Tinci…
With Indian production base taking shape, is BIEL Crystal headed for an IPO?
A strong trading debut for one of its peers in Hong Kong’s strongest IPO market in years could prompt the iPhone glass supplier to revive its previous listing plan Key…
In ‘Warring States Era’ for smart cockpits, Megatronix bets on modular approach
After dropping its largest customer, the smart cockpit maker is trying to prove its superior profitability with a "Modularization + Multi-Domain Integration" strategy Key Takeaways: Megatronix has filed for a…
