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…
Baozun hit by big-ticket buying slowdown
The e-commerce services company said its electronic product sales plunged 67% in the first quarter, while its appliance sales fell 36% Key Takeways: Baozun’s revenue declined 14% 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…
Prominent Meitu Investor Trims Stake After Years of Only Filtered Profits
Lee Kai-Fu, a former senior Google executive-turned-venture capitalist, has slashed his stake in the beauty app operator as it continues struggling to turn a profitKey Takeaways:Prominent venture capitalist and former…
Weimob to Raise $205 Million in Campaign to Jumpstart Growth
The provider of e-commerce software tools is the latest Hong Kong-listed company selling new shares to seize on strong market sentiment towards Chinese stocksKey Takeaways:Weimob plans to raise HK$1.6 billion…
Two Years After Its Initial Filing, Sancai Keeps Trying for New York IPO
The company is one of the few survivors from a former group of apartment rental specialists that later collapsed, and has transformed to a software services providerKey Takeaways:Sancai is seeking…
Bad Cryptocurrency Investments Take Shine Off Meitu
Beauty software company says it will record a nearly $50 million write-down in the first half of the year related to its bets on Bitcoin and Ether Key Takeaways: Beauty…
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