The Latest Breaking News from Ken Lo

The 32 greatest Jackie Chan movie moments

He's fought with ladders, Lego, fans, and sans clothes and shoes

Total Film · Apr 19, 2024

Fifth Time Lucky? Wheel Maker Buyang Takes New Spin at Hong Kong IPO

Key Takeaways: Buyang International is making a fifth attempt to list in Hong Kong, hoping to raise funds for a major new expansion that will double its capacity The company churns out a majority of its revenue from overseas markets, leaving it largely in the dust in its home market…

Benzinga · Oct 26, 2022

Trip.com Gets Boost From Reopening Global Borders

Key Takeaways: Strongly recovering business in the U.S. and Europe helped Trip.com return to the black with a 69 million yuan profit in the second quarter The company said outbound bookings from Hong Kong jumped nearly four times last week from the previous week as the city prepared to end…

Benzinga · Sep 29, 2022

Hot Pot Giant Haidilao To Spin Off International Business Without Raising a Penny

Key Takeaways: Haidilao shareholders will receive 90% of the company’s international Super Hi unit on a pro rata basis and no new capital will be raised The hot pot giant saw its net loss last year expand by 181% to $151 million, but things appear to be looking up after…

Benzinga · Jul 21, 2022

Weilong's Hong Kong IPO Valuation Halved as Investors Lose Appetite

Key Takeaways: Weilong is reportedly seeking to raise $500 million and is valued at $4.9 billion, both of which are nearly half that from a year ago The company has maintained strong sales, but profitability has stalled, triggering a switch to foreign markets in search of new growth drivers By…

Benzinga · Jul 6, 2022

Bilibili Gains More Paying Users But Has Work To Do on Cost Control

Key Takeaways: Bilibili’s first-quarter revenue jumped by 30%, but a big rise in operating costs swelled its net loss by 152% The company made progress on commercialization as monthly users who pay for its services rose above 27 million in the quarter, with a paying user ratio of 9.3% By…

Benzinga · Jun 15, 2022

With Founder Fading Out, JD.com Moves to Collective Leadership

Key takeaways: JD.com’s founder Richard Liu is stepping down from his CEO role but will remain as the company’s chairman focused on long-term strategy Some analysts believe China internet companies face greater risk from regulation at home and abroad than from changes in their top ranks By Ken Lo

Benzinga · Apr 13, 2022

Weibo Plays With the Big Boys in Numbers, But Investors Still Worry

Key takeaways: Weibo’s revenue rose above pre-pandemic levels last year, but its profitability lagged due to heavy spending The company trails Meta in its ability to monetize users, and is very much in the shadow of local rival WeChat in terms of total user numbers By Ken Lo

Benzinga · Apr 7, 2022

Leapmotor Enters EV Race to Capital Markets With Hong Kong IPO Plan

Key takeaways: Leapmotor plans to go public in Hong Kong, becoming the fourth Chinese electric vehicle startup to list on the exchange The money-losing company is trying to shift gears from making mini EVs to more traditional sedans at the mid- to high-end of the market By Ken Lo

Benzinga · Mar 24, 2022

CALB Taps Into EV Battery Fever With Hong Kong IPO Plan

Key Takeaways: EV battery maker CALB has applied to list in Hong Kong, in what could become the city’s biggest IPO so far this year The company turned profitable last year with net income of 112 million yuan, but spiking material prices are denting its gross margin By Ken Lo

Benzinga · Mar 18, 2022