The Latest Breaking News from Doug Young

Key Takeaways: JinkoSolar blamed Covid disruptions for a 10% sequential decline in its first-quarter revenue, but added such challenges should be ‘short-term and manageable’ Company forecast it will sell 35 GW to 40 GW of capacity this year, implying it is taking market share from rivals By Doug Young

Key Takeaways: Data center operators GDS and EdgeConneX have reportedly expressed interest in making bids for Chindata Chindata’s control by U.S. private equity giant Bain and the recent departure of its founder may make it ripe for such a buyout By Doug Young   

Key Takeaways: Wig maker Evergreen Products returned to profitability last year on strong sales growth due to prolonged hair salon closures Company’s 2021 sales were more than 50% higher than pre-pandemic levels, but its stock is relatively undervalued compared to peers By Doug Young

Key Takeaways: Boqii could face delisting from the NYSE after its market valuation fell out of compliance with NYSE rules Company could delist through a management-led buyout and is likely to disappear from the NYSE main board within the next year  By Doug Young Call it the incredible shrinking pet.

Key Takeaways: Xinjiang Goldwind has announced a new tie-up worth nearly $3 billion with the city of Wenzhou involving deep-sea wind power Move will allow the company to develop technology in a major new emerging area, and also help it diversify geographically beyond its controversial home base By Doug Young

Key Takeaways: VNET has received an unsolicited buyout offer that is 50% higher than its previous stock price, sparking a 30% surge in its shares Company is the relative laggard among China’s three major independent data center operators despite its status as the oldest of the group By Doug Young

Key Takeaways: BeiGene has switched auditors for its New York listing to a U.S. company from a Chinese one in a move to comply with U.S. law The change could reduce the company’s threat of being forcibly delisted from the Nasdaq By Doug Young

Key Takeaways: Investors may be growing more bullish on Dingdong and Missfresh as recent Covid-related lockdowns drive more consumers to buy groceries online Both companies trade at relatively low valuations, even after big stock gains this week, as analysts remain bullish on the pair By Doug Young

Key Takeaways: Meitu reported its revenue grew 40% last year, driven by 147% growth for its services targeting business customers like photo studios and cosmetics stores Company’s advertising revenue, which accounts for nearly half of its total, grew by just 12% as clients reined in their spending By Doug Young

Key takeaways: Domino’s China operator DPC Dash has filed for a Hong Kong IPO that could raise up to $100 million and value the company at around $500 million Company has cashed in on China’s recent shift to takeout dining, posting 18.7% same-store sales growth last year By Doug Young

Key Takeaways: Weimob reported a $566 million yuan adjusted loss for 2021, reversing a profit from the previous year, as it spent heavily on new initiatives Big-name investors sold down their stakes in the company in the second half of last year, but are showing early signs of returning By…