Shares of Acorn skyrocketed nearly 26 percent in early trading Friday after the company announced that it would issue a one-time cash dividend of $14.97 per American depositary share.
For the Beijing-based FinTech company, its business continued to grow rapidly, despite the earnings decline, as the company said that more than $1.9 billion of loans were facilitated in the three months ended March 31.
The stock's comeback followed a rough day yesterday as its shares were hurt when an ex-employee accused Bilibili of taking away her shares by framing her for embezzlement.
Nomura cut the price target of China's social media network, bringing the stock of Weibo down 1 percent in intraday trading Wednesday.
PPDai, which went public at $13 per ADS in November, closed today at $7.98 per share, up $1.10, or 16 percent.
Ant Financial, the world's largest unicorn backed by Alibaba, would be valued at $150 billion with its latest round of financing from investors including Carlyle, Warburg Pincus, and Temasek.
One of China's largest live streaming gaming platforms, a spin-off of YY Inc., could raise as much as $180 million at the upper end of its range at its initial public offering Friday.
China's logistics company, backed by Alibaba, reported a net loss of $54 million, sending the stock down 10 percent on Thursday.
"This will be a long-term partnership," said Yu Gong, the founder and chief executive officer of iQiyi.
Although iQiyi is often considered China’s version of Netflix in the U.S., founder and CEO Yu Gong said he has a bigger idea.
The mobile phone maker, struggling with declining profit since 2011, showed its worst figures in its 2017 financials since pre-IPO years.
The four-year-old crowdfunding platform for entrepreneurs was doing okay until it ventured into auto services. Now, it's doing great.
Despite the drop, OneSmart's chairman remained upbeat after his company's first day of trading in New York.
The company offers software for self-driving systems on an open platform, but observers have questioned Baidu's business model.