News for MEDLIVE (2192.HK)

Key Takeaways: Yidu Tech’s shares rose 13.6% on the day it disclosed that two key algorithms behind its medical big data services were approved by the Cyberspace Administration of China Like many of its money-losing peers, the company has recently sacrificed growth at any cost to focus on operating profitably

Key Takeaways: Gross margins have been falling at 160 Health, which gets more than 60% of its revenue from wholesaling medical and health supplies The online healthcare service provider is still in the red but rising revenues and cost-cutting measures have helped to narrow its losses   By Li Shi Ta

Abu Dhabi Capital Group is optimistic about China's digital medical sector and evaluating participation in MedSci Health HK IPO United Arab Emirates - April 3, 2023 — In an recent interview, Al-Balaghi Praveen Ahmed from Abu Dhabi Capital Group, said that the focus of Middle Eastern capital has shifted towards Asia, particularly China, due to their promising economic growth after...

Key Takeaways: Yidu Tech is selling 20% of its international unit for $55 million, and will use the funds to ease its increasingly tight cash flow and for working capital The deal comes as the company cuts back its spending to focus on profitability rather than growth By Trevor Mo