News for China Youzan Limited (8083.HK)

Key Takeaways: Weimob plans to raise 1.6 billion yuan by issuing new shares, and will used the funds on a series of growth initiatives aimed at jumpstarting its business Management expects the company to break even in the second half of this year, with revenue growing 20% to 30% for all of 2023 By Trevor Mo

Weimob plans to raise HK$1.6 billion by issuing new shares and will use the funds on a series of growth initiatives aimed at jumpstarting its business. Find out more here.

With the possibility of being forced to delist from the U.S. market by the SEC, Tuya is primarily seeking a safe harbor and only aims to raise a conservative HK$140 million.

Chinese SaaS service provider Youzan Technology Inc. submitted an updated application to the Hong Kong Stock Exchange this Monday, with GF Capital (Hong Kong) Limited as its sole sponsor.