The company reported revenue increased more than 51 percent to $13.9 million for the three months ended June 30, attributable to a 54 percent increase in its IT consulting and IT solution services.
The company explained the agreement could not proceed if shareholders with more than 15 percent of the stock objected to the deal.
The two companies said the deadline for the deal would be Nov. 19 to allow sufficient time for Link Motion to meet required closing conditions.
Reuters Data Temporarily Unavailable
The Chinese Sichuan-style spicy restaurant is set to raise nearly $1 billion in its IPO this week.
The Tencent-backed delivery and services platform landed a $4.2 billion IPO, trailing closely behind Xiaomi's July listing.
Shares in NIO dipped as much as 15 percent before rebounding late Wednesday.
Qiangdong Liu, known as Richard Liu, was arrested in Minnesota on suspicion of criminal sexual conduct and was later released.
Shanghai’s Changning District police has confirmed the possible leak by releasing a statement on their official Weibo account late on Tuesday.
The FinTech firm seeks to open its doors to shareholders on the New York Stock Exchange under the ticker "XYF."
As the U.S.-China trade war continues, China’s biggest state broadcaster resorted to the old-fashioned airwaves in a skewering of President Trump, mocking his stance on trade, on the press, and even on himself.
“Sophisticated big data analytics and proprietary AI capability are the backbone of our business,” CooTek said in its prospectus.