FAST NEWS: Supply Chain Financing Disruptions Drag Down Linklogis Profit

The latest: Supply chain financing solutions provider Linklogis Inc (9959.HK) announced Thursday that it expects to post an adjusted profit of 125 million yuan ($18.5 million) to 130 million yuan for the first half of the year, down 14.5% to 17.8% from 152 million yuan in the same period last year. Looking up: The company’s gross profit and gross margin increased in the first half, benefiting from optimization of its product structure. The group has also started to optimize its organizational structure and improve operational efficiency to control operating expenses, with…

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Rising Losses, Intensifying Regulations Hobble ‘Fast Dog’ Gogox

The intra-city logistics provider warns of ballooning losses less than two months after its Hong Kong IPO Key Takeaways: Gogox warned that its loss grew sharply in the first half of the year, as its shares have lost more than two-thirds of their value since their June IPO China’s Transport Ministry’s clampdown on fierce competition among freight transport platforms could hinder Gogox’s business expansion that relies on user subsidies By Lau Ming Gogox Holdings Ltd. (2246.HK)sprinted out of the gate when the company, whose name means “quick dog,” became Hong…

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Secoo’s Online Luxury Dream Ends in Bankruptcy, Sea of Discontent

The former highflyer hoped to get rich on China’s booming appetite for luxury goods, but ended up sputtering due to a range of macro and company-specific issues Key Takeaways: Online luxury goods reseller Secoo has filed for bankruptcy after its business stumbled under Covid-related disruptions and internal missteps Company’s Nasdaq-listed shares now trade at around $0.24, a fraction of the $13 they sold for in better times at its 2017 IPO By Shirley Lau Talking big is second nature to many an ambitious Chinese company. But luxury e-commerce platform Secoo…

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SPONSORED: IoT Platforms Offer Greener Future for Industrial and Commercial Scenarios

IoT products and services can help industrial and commercial users better manage energy consumption and meet ESG goals The following article has been written with material supplied by Tuya The global fixation on carbon neutrality has put energy conservation and emissions reduction in the spotlight all the way down to the household level. At the same time, big progress is also happening in industrial and commercial scenarios. Market research firm CCID Consulting estimates industrial use accounts for as much 70% of carbon emissions, followed by construction and transportation. Among other…

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