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Sources say Xi Yin's Hong Kong IPO, sized up to $1.8bn, has been fully subscribed.

2026-08-25

Sources say Xi Yin's Hong Kong IPO, sized up to $1.8bn, has been fully subscribed.

Other News
2026-08-24

US 6-month Treasury auction as of Aug. 24: 59.64% of awards allocated at the stop-out yield, prior 18.55%.

US 6-month Treasury auction as of Aug. 24: 59.64% of awards allocated at the stop-out yield, prior 18.55%.
2026-08-24

XPeng Inc. -W (09868.HK) is due to report Q2 results on Monday. Visible Alpha’s analyst survey projects a net loss widening to 718.6 mln yuan (about $106.9m) from 477.8 mln yuan a year earlier, with revenue up 13% YoY to 20.69 bln yuan. CITIGROUP exp

XPeng Inc. -W (09868.HK) is due to report Q2 results on Monday. Visible Alpha’s analyst survey projects a net loss widening to 718.6 mln yuan (about $106.9m) from 477.8 mln yuan a year earlier, with revenue up 13% YoY to 20.69 bln yuan. CITIGROUP expects Q2 vehicle gross margin of 12.5% (Q1: 12.1%; YoY: 14.3%). Citi flags Q3 delivery guidance may be about 130,000 units versus market consensus ~150,000 as the company needs time to ramp the new L03 SUV; monitor whether L03 Production can be raised quickly without noticeably squeezing M03 sedan volumes. On exports, Citi sees Q4 export share possibly near 20% of deliveries versus ~10% in Q3; watch XPeng’s ability to accelerate overseas expansion while maintaining higher gross margins.
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