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Loss-hit Fenbi Tech Seeks IPO Cash After Education Sector Upheaval

Key Takeaways: Fenbi Technology has posted losses of more than 2.5 billion yuan in the past two years after shifting from online into offline training The company laid off more than 9,400 employees and cut staff salaries to ease financial pressure By Fai Pui

Benzinga · Sep 16, 2022

Is Tencent Winding Down Its Big Investments?

Key Takeaways: Reuters reported Tencent might sell some or all of its Meituan holdings this year, though Tencent called the report ‘inaccurate’ Some think Tencent might sell other stakes in its more than 70 U.S.- and Hong Kong-listed portfolio companies to raise funds to buy back its shares By Fai…

Benzinga · Aug 24, 2022

AIM Puts mRNA Covid Vaccine in Investor Crosshairs With New IPO Attempt

Key takeaways: Vaccine maker AIM has filed for an IPO in Hong Kong, following unsuccessful previous bids in Hong Kong and on Shenzhen’s ChiNext board The company has three Covid vaccines under development, including an mRNA vaccine expected to hit the market in the fourth quarter By Fai Pui

Benzinga · Apr 18, 2022

Ganfeng Lithium Profit Soars On Skyrocketing Prices, as Company Moves Into Batteries

Key takeaways: Ganfeng Lithium said its profit last year surged as much as 4.37 times on soaring lithium prices Company’s new battery-related projects and new production capacity could provide important future growth engines By Fai Pui

Benzinga · Jan 28, 2022