Newsfeeds Archive - Page 2 of 15

5 minute read

Uncategorized

JD Rights Its Shopping Cart With First-Quarter Turnaround

May 28, 9:32 AM

Key Takeaways: JD.com reported a profit of 7.1 billion yuan for the first quarter, up nearly 13% year-on-year Many investment banks upwardly revised their price targets and ratings for the stock after the release of the latest report By Lau Chi Hang

5 minute read

Canaan Gets Left Behind In Latest Crypto Bull Run

By The Bamboo Works

May 22, 2:58 PM

Key Takeaways: Canaan’s revenue fell 36% year-on-year in the first quarter even as the prices of bitcoin and other cryptocurrencies skyrocketed Demand for the company’s mining machines waned as a sharp drop in the amount of new bitcoin being created substantially curtailed the profitability of crypto mining

CAN

4 minute read

Slump From Post-Covid High Leaves Budweiser APAC With Earnings Hangover

By The Bamboo Works

May 17, 10:00 AM

Key Takeaways: Budweiser APAC’s first-quarter revenues slipped 0.4% and profits fell 3.4%, sagging from elevated levels a year earlier and dampened by bad weather Market watchers say earnings may pick up in the second half, stimulated by events such as the Paris Olympics, but rivalry in the premium beer business is heating up

BDWBY

5 minute read

Uncategorized

AliExpress Fuels Alibaba International’s Revenue Growth By Giving Shoppers A ‘Choice’

By The Bamboo Works

May 17, 9:09 AM

Key Takeaways: Alibaba International’s “Choice” service accounted for over 70% of its AliExpress B2C platform’s total orders, becoming a key growth driver Upgrading business models, supply chain arrangements, product innovation and continued investment are keys to rapid growth, said CEO Fan Jiang

BABA

5 minute read

Dingdong Rings Back To Revenue Growth, Posts Quarterly Net Profit

By The Bamboo Works

May 14, 9:20 AM

Key Takeaways: Dingdong’s revenue grew slightly in the first quarter, ending more than a year of revenue contraction The company recorded its second quarterly net profit since its listing and said it expects both revenue and profit to post “considerable year-over-year growth” this year By Doug Young

DDL

5 minute read

Uncategorized

Are Pricey Warrants Powering Lotus Technology’s rally?

By The Bamboo Works

May 10, 11:06 AM

Key Takeaways: Lotus Technology said its backers could raise up to $173 million if holders of warrants to buy its stock at $11.50 per share exercise those warrants The stock currently trades well below the exercise price, but has rallied more than 40% in the last two weeks, hinting that some believe the company is undervalued

LOT

4 minute read

Penny Stocks

China Education Group Makes The Grade With Rising Profits

By The Bamboo Works

May 9, 9:40 AM

Key Takeaways: China Education Group has slowed its school purchases over the past two years, but spent a hefty 2 billion yuan on campus construction projects in the last six months The company’s financial situation is solid, with a cash reserve of 4.53 billion yuan and an interest-bearing debt ratio of 24.7%

CEGHF

5 minute read

Uncategorized

Yum China Revs Up Restaurant Expansion, Share Repurchases

By The Bamboo Works

May 1, 8:48 AM

Key Takeaways: Yum China repurchased 17.9 million of its shares this year through April 23, well ahead of the 12.4 million shares it bought back in all of 2023 and 10.6 million in 2022

LKNCY

4 minute read

CMGE Turns Its Game To e-Sports With New Tie-Up

By The Bamboo Works

April 30, 9:46 AM

Key Takeaways: CMGE said it has formed a partnership with Guangzhou Chaojing Investment aimed at tapping the latter’s strong position in e-sports CMGE’s shares rose 3.2% on the news and have rallied 30% in the past week on renewed investors interest in the gaming sector after a prolonged crackdown that is now easing

CMGEF

4 minute read

Is Baozun’s Risky Leap Into Brand Management Starting To Pay Off?

By The Bamboo Works

April 25, 10:54 AM

Key Takeaways: Baozun’s revenues rose 5% last year following its acquisition of Gap China, which represented 14% of total annual sales Product sales from the company’s older e-commerce business fell by 21% last year, while e-commerce services revenue also slumped by 5% By Edith Terry

BABA