The Latest Breaking News from Lau Ming

Wealth Manager Noah Banks on Hong Kong to Revive Fortunes

Key Takeaways: Noah Holdings was approved for a secondary listing in Hong Kong, offsetting the risk of its shares being ousted from New York The company posted record profits last year from a super-rich client base, but revenues and profits fell more than 30% in the first quarter in a…

Benzinga · Jun 29, 2022

Maoyan Springs Back on Rebounding China Box Office

Key takeaways: Maoyan Entertainment returned to profitability last year as China’s movie industry bounced back from pandemic lows in 2020 The company is transitioning from online ticket seller to a wider range of film-related services, including a fast-growing content production and distribution business By Lau Ming

Benzinga · Mar 31, 2022

Xtep Revenue Leaps to Record on China's New Long Run to Sports

Key Takeaways: Xtep’s revenue grew 23% last year to a record 10 billion yuan, though its newer brands lost money The company is less profitable than industry leaders Anta and Li Ning, leading its shares to trade at a discount By Lau Ming

Benzinga · Mar 23, 2022