- Pinduoduo rose 3.02 % in pre - market trading, driven by investor confidence following a 26.71 % stake increase by Duan Yongping and position adjustments by HHLR Advisors.
- TruGolf surged 62.04 % in pre - market trading, propelled by a new technology patent, a strategic partnership with a large sports retailer, and upward revisions of profit expectations by analysts.
- Market activity also featured significant pre - market movements in stocks like IP Strategy and INVO Fertility amid heightened sector volatility.
- Temu partnered with the non-profit Danish Startup Group to support local founders and strengthen the Danish startup ecosystem.
- Under this collaboration, Temu will participate in DSG programs and events, engaging directly with entrepreneurs and the broader founder network.
- This initiative builds on Temu's ongoing expansion in Denmark following its 2023 launch and the introduction of its local seller program.
- CLSA maintained a Buy rating on Netease Inc with a price target of HK$234.00.
- The broader analyst consensus on the stock stands at a Strong Buy.
- The average price target for Netease Inc is set at HK$245.48.
- CLSA forecasted NTES's 2Q total revenue and adjusted EBIT to grow by 6.5% YoY and 17.4% YoY to RMB 29.7 billion and RMB 11.7 billion respectively.
- Strong performances from titles like Fantasy Westward Journey and Eggy Party are expected to drive a 7.7% YoY increase in game revenue.
- NTES holds 18 approved games in its pipeline, which, along with an easier comparison base, supports improved growth in 2H26.
- Fast fashion retailer Shein plans to launch its Hong Kong IPO to raise US$ 2 billion to US$ 3 billion, with investor orders starting around Aug 20 and trading debuting around Aug 28.
- The company is targeting a valuation of about US$ 30 billion, down significantly from its peak of US$ 100 billion amid slowing growth, US tariffs, and competition from Temu.
- Existing shareholders may take up to half of the deal, while deliberations regarding the final size, valuation, and timing remain ongoing.