The Latest Breaking News from Doug Young

Key Takeaways: Cango reported its fourth-quarter revenue rose sequentially but was down slightly from a year ago, as its newer car-trading services took up a larger portion of the total Company faces a number of macroeconomic headwinds, including pandemic restrictions and a chip shortage that has dampened new car sales…

Key Takeaways: Kingsoft Cloud is studying a possible dual listing in Hong Kong to complement its current listing on the Nasdaq Company made the announcement after the U.S. securities regulator reminded U.S.-listed Chinese firms they could face forcible delistings under a law passed in December 2020 By Doug Young

Key Takeaways: Dingdong’s revenue growth slowed to 72% in the fourth quarter, down from 111% and 78% in the third and second quarters, respectively Leading online grocer also reined in its spending, helping pare its quarterly net loss by 12% as it talked of profitability ‘soon’. By Doug Young

Key Takeaways: GCL-Poly says it is studying the possibility of a secondary listing on the Chinese mainland Such a listing would most likely occur on the Nasdaq-style STAR Market, which has rewarded such secondary listings with high valuations By Doug Young

Key Takeaways: Yi Po International has filed to make a modest IPO in New York, which could become the first tech offering by a Chinese firm in more than half a year The operator of smart parking systems looks well positioned to capitalize on China’s massive car market and acute…

Key Takeaways: Huadi International reported its revenue rose 18% in its latest fiscal year, but its profit dropped 24% on high shipping and IPO-related costs Company’s shares were largely unchanged after results announcement, but have rallied sharply since last October on what looks like speculative trading By Doug Young

Key takeaways: Daqo New Energy will tap its China-listed subsidiary to raise funds for construction of a major new production facility in Inner Mongolia Daqo’s holdings in the China-listed unit, Xinjiang Daqo, are worth more than four times its own latest market value By Doug Young

Key takeaways: Full Truck Alliance said its fourth quarter fulfilled orders rose 41.6%, slowing from 78.4% growth in the previous quarter Growth comes as other major companies report business contractions in China due to Covid-control disruptions By Doug Young

Key Takeaways: China Securities Regulatory Commission Chairman Yi Huiman says his agency is aiming to quickly implement new rules government overseas listings by Chinese firms New U.S. IPO application by cold rolled steel maker Hongli continues nascent resumption of Chinese listings in New York By Doug Young