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KrASIA
kr-asia.com

Mech-Mind Robotics launches Hong Kong IPO, seeks up to HKD 2.7 billion

2+ hour, 3+ min ago   (926+ words) Mech-Mind Robotics opened its Hong Kong IPO on August 24, offering 23,140,590 H shares at an indicative price of HKD 95.3–101.7 (USD 12.2–13.0) each. The Hong Kong public offering is scheduled to close at noon on August 27, with trading on the Main Board expected…...

KrASIA
kr-asia.com

Douyu’s Q2 revenue rises 19.4% sequentially as newer business lines gain share

2+ hour, 10+ min ago   (439+ words) Written by Sudo Lim Published on 24 Aug 2026 3 mins read Douyu reported unaudited results for the second quarter of 2026 on August 20, with total revenue of RMB 981.1 million (USD 145.8 million), up 19.4% from the previous quarter but down 6.9% year-on-year (YoY). The game-focused live…...

KrASIA
kr-asia.com-asia.com

Why Alibaba is ready to sell Lingxi Games

5+ day, 15+ min ago   (998+ words) Asian private equity firm Trustar Capital has agreed to acquire Alibaba Group’s video game business, Lingxi Games, according to Bloomberg, citing an internal memo. The deal could value the studio at more than USD 1.5 billion. Trustar will acquire Alibaba’s entire…...

KrASIA
kr-asia.com

Hesai raises non-LiDAR revenue outlook as physical AI businesses gain traction

5+ day, 22+ min ago   (966+ words) Nasdaq- and Hong Kong-listed Hesai Group has released its unaudited financial results for the second quarter of 2026. Beyond its fifth consecutive quarter of profitability, the results showed early revenue contributions from Hesai’s “strategic growth initiatives,” or SGIs, which include robotic…...

KrASIA
kr-asia.com

Labubu takes Manhattan: Chinese brands target inflation-hit US

2+ week, 6+ day ago   (791+ words) Written by Nikkei Asia Published on 5 Aug 2026 3 mins read Chinese brands are gaining traction with thrifty young consumers in the US as inflation creates a tailwind for businesses competing on price, even in areas once led by Japanese companies like…...

KrASIA
kr-asia.com

Momenta makes public debut in Hong Kong, puts physical AI in spotlight

1+ mon, 2+ week ago   (482+ words) Written by IPO Zaozhidao Published on 8 Jul 2026 6 mins read Momenta listed on the Main Board of the Hong Kong Stock Exchange on July 8, giving public market investors a new way to bet on physical artificial intelligence, a category of AI…...

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kr-asia.com

Middle East weekly: Invest Qatar and QNB host dialogue, Keeta launches UAE restaurant SME program, China becomes Saudi’s top vehicle supplier, and more

2+ mon, 1+ week ago   (1335+ words) According to a June 12 update, Invest Qatar and QNB Group jointly hosted a high-level investor dialogue in Beijing, highlighting the strength of China-Qatar economic ties and Qatar’s position as a stable and competitive investment destination. The event brought together representatives…...

KrASIA
kr-asia.com

Moody's readies stablecoin ratings as Asian market takes shape

3+ mon, 2+ week ago   (766+ words) Moody’s Ratings is preparing to issue credit evaluations for stablecoins using its own methodology, aiming to meet rising investor demand as digital assets gain traction in Asia and beyond. Fabian Astic, managing director and global head of digital economy at…...