FAST NEWS: Alibaba continues aggressive share buyback
The Latest: E-commerce giant Alibaba Group Holding Ltd. (BABA.US; 9988.HK) said it spent $4.8 billion in the first quarter of this year to repurchase its American depositary shares (ADS) under…
NEWS WRAP: Dada’s loss narrows as it cleans house
The intra-city delivery arm of JD.com said its revenue rose slightly in last year’s fourth quarter, as it seeks to get back on track after a recent accounting scandal …
FAST NEWS: J&T’s loss narrows on strong Southeast Asia business
The latest: Logistics provider J&T Global Express Ltd. (1519.HK) announced Friday its non-GAAP adjusted loss last year narrowed 71% to 432 million yuan ($60 million). Looking up: J&T‘s revenue grew 21.8%…
NEWS WRAP: PDD posts triple-digit growth, mulls diversification beyond U.S.
The discount e-commerce giant attributed its strong growth to recovering consumption from increasingly cost-conscious consumers in China By Teri Yu Discount Chinese e-commerce company PDD Holdings Inc. (PDD.US) on Wednesday delivered triple-digit…
FAST NEWS: ZTO Express profit rises despite lower revenue per order
The latest: Logistics provider ZTO Express (Cayman) Inc. (ZTO.US; 2057.HK) reported Wednesday its annual net profit rose 28.5% year-over-year to 8.76 billion yuan ($1.22 billion) in 2023, while its non-GAAP net profit rose…
FAST NEWS: OneConnect’s loss narrows on aggressive cost controls
The latest: Financial technology services provider OneConnect Financial Technology Co. Ltd. (OCFT.US; 6638.HK) announced Monday that its net loss narrowed 58.4% to 363 million yuan ($50.4 million) in 2023. Looking up:…
FAST NEWS: Kanzhun surges on strong profit, share repurchase plan
The latest: Kanzhun Ltd. (BZ.US; 2076.HK), operator of the Boss Zhipin recruitment app, reported a net profit of 1.1 billion yuan ($153 million) for 2023, far ahead of its 107…
Recent Articles
RELATED ARTICLES
-
Stiff competition, weak margins put high pressure on Baishan Cloud’s IPO parade
-
Price war rains on Kingsoft Cloud despite improving profitability
KC.US 3896.HK
-
Kingdee transition still ongoing as cloud unit casts shadow on profits
0268.HK
-
Questions hover over Alibaba cloud unit with chairman’s surprise resignation
9988.HK BABA.US
- CHINA BULLETIN: China Frets Over Trade
-
FAST NEWS: Baozun posts positive cash flow, but operating loss widens
BZ.US 9991.HK
-
Baozun hit by big-ticket buying slowdown
BZUN.US 9991.HK
