FAST NEWS: Smart Share Global posts second straight quarterly profit
The latest: Smart Share Global Ltd. (EM.US), a supplier of rentable power banks, on Tuesday reported a net profit of 50 million yuan ($7.05 million) in the third quarter, reversing a…
Kuaishou investors cheer profit news and buyback plan
The short-video platform posted a modest adjusted profit in the first quarter, stemming the flow of red ink for the first time since its IPO Key Takeaways: Kuaishou’s quarterly revenue…
New school day dawns for New Oriental
The former private education services provider's latest results show its core education business is bouncing back from a major government crackdown two years ago Key Takeaways: New Oriental's revenue rose 22.8% in…
FAST NEWS: Baozun shares tumble as quarterly revenue declines
The latest: E-commerce software as a service (SaaS) provider Baozun Inc. (BZUN.US; 9991.HK) said its revenue fell 19.5% year-on-year in last year’s fourth quarter to 2.55 billion yuan ($370 million), while its…
JD.com backs its merchants with $1.5 billion. But investors aren’t buying it
China’s No. 2 e-commerce company launched a 10 billion yuan subsidy plan for its merchants, as it eyes improving consumer sentiment in the second half of this year Key Takeaways:…
FAST NEWS: Yeahka’s In-store E-Commerce Services Business Soars
The latest: Mobile payment services provider Yeahka Ltd. (9923.HK) said on Monday its gross payment volume (GPV) rose more than 5% last year to over 2.2 trillion yuan ($324 billion),…
FAST NEWS: Dada’s Revenue Soars, But High Costs Lead to More Losses
The latest: Local on-demand delivery and retail platform Dada Nexus Ltd. (DADA.US) reported its revenue rose 41.1% to 2.38 billion yuan ($332 million) in the third quarter, while its gross…
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