FAST NEWS: Zibuyu’s profit skyrockets on higher revenue, cost cuts
The Latest: Cross-border e-commerce trader Zibuyu Group Ltd. (2420.HK) said Thursday it expects to report a net profit of 87 million yuan ($12 million) to 97 million yuan for the first half of…
Online seller Augroup looks to wean itself off big platforms
The cross-border e-commerce company has applied to list its shares in Hong Kong after unsuccessfully shopping around mainland exchanges Key Takeaways: Augroup Technology’s profits more than doubled last year…
FAST NEWS: E-commerce Trader Zubuyu Takes Hit From Weak U.S. Economy
The latest: Cross-border e-commerce trader Zibuyu Group Ltd. (2420.HK) announced on Tuesday its net profit last year decreased by 40% to 50% from 200.5 million yuan ($28.9 million) in 2021.…
Cross-Border E-commerce Trader Zibuyu Files for IPO Despite Sinking Profits
The company is making a third attempt at a Hong Kong listing, but its heavy reliance on the U.S. and Amazon led to a 46% profit plunge in the first…
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