Chinasoft stays hitched to Huawei as revenue, profit contract
The IT outsourcing company’s revenue fell 6.2% in the first half of the year, as it continued staff cuts dating back to last year Key Takeaways: Chinasoft’s revenue and profit…
Kingdee transition still ongoing as cloud unit casts shadow on profits
China’s biggest corporate software maker is scaling back its enterprise resource planning (ERP) business, but costs for its newer cloud unit are still nearly one-third of revenue Key Takeaways: Kingdee’s…
Retail slowdown takes wind out of Dmall’s advancing IPO
The provider of cloud-based services for traditional and e-commerce retailers posted revenue growth of just 1.6% in the first quarter Key Takeaways: Dmall’s revenue growth slowed sharply in the first…
Kingdee Inches Back Toward Profitability as Transformation Accelerates
One of China’s oldest software makers said three-quarters of its revenue came from cloud-based services last year, tripling its share of the company’s revenue pie compared with 2017Key Takeaways:Kingdee said…
FAST NEWS: Kingdee Trims Losses, But R&D Costs Remain High
The latest: Kingdee International Software Group Co. Ltd. (0268.HK) announced Wednesday evening that it recorded a net loss of 302 million yuan ($47.5 million) last year, 9.9% narrower than its…
Meitu Looks for Makeover in Software as a Service
Popular beauty app boosts stake in SaaS specialist Meidd Technology, which supplies more than 10,000 cosmetic stores across China Key Takeaways: Meitu’s latest makeover is targeting a software as service…
Recent Articles
RELATED ARTICLES
-
CHINA BULLETIN: Factories Send Mixed Signals
- CHINA BULLETIN: Manufacturing Déjà Vu
- CHINA BULLETIN: Blinken, Yellen Talk Up China Challenge
- CHINA BULLETIN: Fiscal Revenue, Land Sales Fall in April
- CHINA BULLETIN: Services, Trade Send Positive Signals
- CHINA BULLETIN: U.S. Ratchets Up Strategic Tariffs
