China’s infant formula giant Feihe says group profit was down 33.5 per cent in FY23, as the country struggles with raising its birth rate despite introducing a three-child policy three years ago.
Key Takeaways: China Feihe posted declines in both profits and sales last year, as it is heavily exposed to the country’s falling birth rate The company, which gets 91% of its revenue from infant milk formula, may remain attractive to investors due to its pledge to pay much of its profits as dividends By Edith Terry
Key Takeaways: Tian Tu Capital posted an 873 million yuan net loss last year, reversing a 559 million yuan profit in 2022 The venture capital firm is getting hit by weakness in the Hong Kong IPO market, one of its primary venues for disposing of its consumer-related investments By Doug Young
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