FAST NEWS: J&T’s loss narrows on strong Southeast Asia business
The latest: Logistics provider J&T Global Express Ltd. (1519.HK) announced Friday its non-GAAP adjusted loss last year narrowed 71% to 432 million yuan ($60 million). Looking up: J&T‘s revenue grew 21.8%…
GDS preparing to spin off its global business?
The data center operator is reportedly in talks to sell a stake in its fast-expanding global operation to several major investors, including Hillhouse and Boyu Capital Key Takeaways: GDS is…
Waterdrop Goes Back to the Well, Cutting Losses by Lowering Costs
The online insurer slashed spending by 26.4% in the third quarter and will keep up its cost-trimming exercise Key takeaways: Waterdrop Inc. reported a net loss of 477 million yuan…
