Jonjee Hi-Tech Industrial and Commercial (SHA:600872) Vice Chairman purchased 53,000 shares in the company for more than 1 million yuan, according to a Thursday filing with the Shanghai bourse.
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Xiamen C&D Subsidiary to Invest in Consumer Brands Fund
Xiamen C&D (SHA:600153) subsidiary Xiamen C&D Light Industry will purchase shares in Yuanyi Growth (Dehua) Equity Investment Partnership for 15 million yuan, according to a Thursday filing with the Shenzhen bourse.The fund will invest in early- to mid-stage unlisted brands in China-related consumer brands and consumer technology companies.
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Asia
Market Chatter: Kakao, Labor Union Fail to Reach Agreement on Compensation; Union to Go on Strike in June
South Korean internet conglomerate Kakao (KRX:035720) and its labor union failed to reach an agreement after a second round of government-mediated negotiations, Reuters reported Thursday.The union is expected to go on strike in June as previously planned, a union representative told Reuters, following the failed discussions.The union has yet to confirm how many members across Kakao and four affiliates will join the strike, though around 700 members attended a rally on May 20. Kakao said that it would keep trying to reach common ground with its union, according to the news report.Shares of Kakao fell 1% at market close.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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Asia
Xpeng Widens Loss in Q1
Xpeng (HKG:9868) recorded an attributable loss of 1.78 billion yuan in the first quarter of 2026, compared with 664 million yuan a year prior, according to a Thursday Hong Kong bourse filing.Loss per share widened to 0.93 yuan from 0.35 yuan in the corresponding period of the previous fiscal year.Revenue slipped 18% to 13 billion yuan from 15.8 billion yuan in the year-ago period.
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