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Discount e-commerce company PDD Holdings Inc. (PDD.US) has fired several people from its government relations department who became involved in a physical altercation with government investigators earlier this month, Caixin reported on Wednesday. The fight broke out on Dec. 3 between PDD workers and local government officials in Shanghai who went to the company's office..... The post BRIEF: PDD workers fired after brawl with government investigators appeared first on Bamboo Works....

A new survey is showing foreign investors in China are most concerned about cutthroat competition from Chinese rivals rather than the traditional concerns over market access. What's behind this changing mindset? And Q&A knowledge-sharing site Zhihu is facing an existential challenge from AI. How can the company compete in the face of such a big threat? The post Foreign firms face China's cutthroat competition, while AI threatens knowledge platform Zhihu appeared first on Bamboo Works....

A former partner has requested Agile's liquidation over an outstanding debt that isn't substantial, but could still trigger a chain reaction Key Takeaways:    Lee Shih Ta An unfulfilled “cultural tourism dream” could be quickly becoming a nightmare for the debt-heavy Agile Group Holdings Ltd. (3383.HK). The developer's shares plummeted nearly 20% in intraday trade..... The post From friends to foes: Agile faces mounting troubles from former partner appeared first on Bamboo Works....

Shares of digital asset platform HashKey Holdings Ltd. (3887.HK) opened 0.3% higher in their Hong Kong trading debut on Wednesday, then moved within a narrow range before closing 2.7% below their offer price at HK$6.50 by the midday break. The company sold 240 million shares for HK$6.68 each, raising net proceeds of HK$1.48 billion ($190 million). The public..... The post BRIEF: Hashkey off to rocky start in Hong Kong trading debut appeared first on Bamboo Works....

The maker of autonomous driving sensors has completed a backdoor SPAC listing nearly a year after signing a merger agreement for the deal Key Takeaways:    By Warren Yang Patience is a virtue — certainly for companies seeking backdoor listings in Hong Kong using the stock exchange's 4-year-old special purpose acquisition company (SPAC) mechanism. Last..... The post Seyond survives marathon journey to Hong Kong listing appeared first on Bamboo Works....

Luckin Coffee Inc. (LKNCY.US) is considering a bid for Nestlé SA's (NESN.SW) Blue Bottle Coffee specialty coffee chain, according to people familiar with the matter cited by Bloomberg. The move would be aimed at enhancing Luckin's brand profile outside China and expanding its presence in the premium coffee segment. Reports last month had said that..... The post BRIEF: Luckin considers Blue Bottle bid in globalization, upmarket push appeared first on Bamboo Works....

The search giant and AI aspirant is considering a possible separate listing for its Kunlunxin chip unit, seeking a slice of a market currently led by Nvidia Key Takeaways:    By Lau Chi Hang Baidu Inc. (9888.HK, BIDU.US) was an early giant on China's internet scene, canonized in that position as the “B” of the..... The post A decade in the making: Kunlunxin chips could bring excitement back to Baidu appeared first on Bamboo Works....

Shares of energy storage systems maker Guoxia Technology Co. Ltd. (2655.HK) opened 89% higher in their Hong Kong trading debut on Tuesday, and continued to climb to close up 128% at HK$45.90 by the midday break. The company sold 38.93 million shares for HK$20.10 apiece, raising net proceeds of HK$700 million ($90 million). The public..... The post BRIEF: Guxia soars in Hong Kong trading debut appeared first on Bamboo Works....

CMOC Group Ltd. (3993.HK) said on Monday it will pay $1 billion for three gold mining assets in Brazil from Canada's Equinox Gold Corp. (EQX.TO), as it diversifies beyond its core business in copper, cobalt, molybdenum, tungsten and niobium mining. Under the deal, CMOC will acquire 100% of Leagold LatAm Holdings B.V. and Luna Gold..... The post BRIEF: CMOC to buy four Brazilian gold mines from Equinox for $1 billion appeared first on Bamboo Works....

AI chipmaker Shanghai Biren Intelligent Technology Co. has been approved by China's securities regulator to list in Hong Kong, according to the approval notice published by the China Securities Regulatory Commission (CSRC) on Monday. The step clears a major regulatory hurdle for the IPO to proceed. Biren Technology intends to issue up to 372 million..... The post BRIEF: Biren Technology gets CSRC nod for Hong Kong IPO appeared first on Bamboo Works....

The company's stock fell over 10% amid reports of a new $1 billion fine from the U.S., clouding its outlook as it claws its way back from an earlier clash with Washington Key Takeaways:    By Xia Fei As a poster child of collateral damage from the U.S.-China tech war in its early days, telecoms..... The post Still in U.S. doghouse, ZTE faces pressure from fresh allegations appeared first on Bamboo Works....

Vocational education platform Fenbi Ltd. (2469.HK) said on Sunday it has signed an agreement with Huatu Cendes (300492.SZ) to explore collaboration in recruitment examination preparation services. Fenbi said potential cooperation areas may include equity investment, corporate governance, technology development, distribution channel partnerships and customer service enhancements. Fenbi indicated the tie-up could include potential integration of..... The post BRIEF: Fenbi partners with Huatu on exam prep services appeared first on Bamboo Works....

The special-purpose formula maker's net profit rose in the first half of this year, but the gains were due to factors unrelated to its core business Key Takeaways:    Bai Xin Rui Hong Kong investors continue to lap up a nonstop stream of new listings, with a special taste for high-tech flavors like biotech, semiconductors..... The post Sainte Nutritional ladles up sinking business in renewed IPO application appeared first on Bamboo Works....

Hong Kong-listed solar and wind farm operator Concord New Energy Group Ltd. (0182.HK) has been approved by China's securities regulator to make a second listing in Singapore, the company said on Friday. The Chinese Securities Regulatory Commission (CSRC) posted a notice on its website the same day officially registering the plan. Concord first announced its..... The post BRIEF: Concord New Energy gets CSRC clearance for Singapore listing appeared first on Bamboo Works....

The venture capital company has set a new date of Dec. 31 to finalize the sale of its 45% of Yoplait China to a group affiliated with IDG Capital for 814 million yuan Key Takeaways:    By Doug Young It's not easy being a venture capital investor in China these days, especially in a tough..... The post Tian Tu's Yoplait China sale leaves sweet, but also sour, taste appeared first on Bamboo Works....

AI technology company Nuobikan Artificial Intelligence Technology (Chengdu) Co. Ltd. (2635.HK) launched its Hong Kong IPO on Monday, aiming to sell 3.8 million shares for between HK$80 and HK$106 per share. The company is aiming to raise up to HK$400 million ($51.4 million), with its shares set to make their trading debut on Dec. 23...... The post BRIEF: Nuobikan seeks up to $51.4 million in Hong Kong IPO appeared first on Bamboo Works....

Online recruitment app operator Kanzhun Ltd. (BZ.US; 2076.HK) said on Thursday that Zhang Yu has resigned as the company's CFO, and will take on a new position as its chief strategy officer. It concurrently announced that Wang Wenbei has been appointed as the company's deputy CFO, in addition to her role as head of investor..... The post BRIEF: Kanzhun CFO resigns to take up new position as chief strategy officer appeared first on Bamboo Works....

Cultural tourism company Impression Dahongpao Co. Ltd. (2695.HK) launched its Hong Kong IPO on Friday, aiming to sell 36.1 million shares for HK$3.47 to HK$4.10 apiece to raise about HK$148 million ($19 million). Shares will be sold in lots of 1,000, requiring investors to pay HK$4,141.35 per lot. Subscriptions will close on Dec. 17, with..... The post BRIEF: Single show pony Impression Dahongpao launches modest IPO appeared first on Bamboo Works....

Snack shop operator Busy Ming Group Co. Ltd.'s Hong Kong IPO has been cleared by the Chinese stock regulator, as the China Securities Regulatory Commission (CSRC) posted a registration notice  for the plan on its official website on Thursday. The step removes one of the last major obstacles for the company's listing to move forward...... The post BRIEF:  Busy Ming Hong Kong IPO gets CSRC nod appeared first on Bamboo Works....

Several leading Chinese polysilicon makers have launched a new company that could help to address overcapacity plaguing the sector, Caixin reported on Wednesday. The move marks the latest step in the government's effort to engineer a rescue for an industry whose prices have plunged due to the addition of massive new capacity over the last..... The post INDUSTRY BRIEF: Polysilicon makers launch new joint venture to tackle oversupply appeared first on Bamboo Works....