Youlife chases SPAC listing after death of Hong Kong IPO
The provider of services for blue-collar workers is nearing completion of a Nasdaq SPAC listing to raise a modest amount of cash Key Takeways: Youlife was approved by China’s securities…
Its growth cooling, can Kanzhun stay employed in a slowing economy?
China’s leading recruitment company delivered double-digit third-quarter growth for most of its major metrics, though its revenue growth showed signs of slowing Key Takeaways: Kanzhun’s revenue grew nearly 20% in…
Kanzhun works investors into selling frenzy with talk of ‘challenging times’
The leading digital recruitment company’s second-quarter revenue came in at the bottom end of its earlier guidance, as its founder asked investors for ‘confidence’ Key Takeaways: Shares of Kanzhun fell…
FAST NEWS: Tongdao Liepin buys $19 million in structured deposit products
The Latest: Online recruitment platform Tongdao Liepin Group (6100.HK) announced Monday it has subscribed to two structured deposit products from Xiamen International Bank through its subsidiaries for a total of 135 million yuan…
FAST NEWS: Morgan Stanley cuts stake in Tongdao Leipin
The latest: U.S. banking giant Morgan Stanley disclosed it sold about 228,000 shares of Tongdao Leipin Group (2013.HK) on Dec. 11, lowering its stake from 5.02% to 4.97%, according to a…
Kanzhun chronicles China’s job rebound, as investors frown on company’s high costs
The country’s leading recruitment services company returned to revenue growth in the first quarter, but its spending rose at an even faster rate Key Takeaways: Kanzhun reported its revenue rose…
Kanzhun cranks up spending, even as others tighten belts
China’s leading online recruitment platform’s operating costs soared 70% in last year’s fourth quarter, pushing the company into the red Key Takeaways: Kanzhun’s revenue was flat in the fourth quarter,…
