CEO Raymond Yang is in a good mood as he meets me in the Beijing branch of his Shanghai-based company. This is not surprising given the unexpectedly strong first quarter results his company announced in early May.
Defying a bearish macro outlook both in China and the US, the Nasdaq-listed counter saw its stock price jump by 35% in the wake of the announcement. Like all recent China IPO's it had been trading below issue price and the sudden jolt pushed Yang and his company to the forefront of the news.
Indeed, one Shanghai finance specialist describes him as the 'hottest entrepreneur in Shanghai right...
