Newsfeeds Archive - Spark Newswire

5 minute read

Penny Stocks

Nio In Diversification Drive As It Tries To Stem Its Flood Of Red Ink

June 17, 9:09 AM

Key Takeaways: Nio’s loss widened 9.5% year-on-year in the first quarter to 5.26 billion yuan The company focuses on higher-end electric vehicles, but plans to tap the middle and lower parts of the market with the launch of two new brands By Lau Chi Hang

5 minute read

Zhihu Answers Investor Doubts With Improving Margins

By The Bamboo Works

June 13, 9:35 AM

Key Takeaways: Zhihu’s revenue fell 3.3% in the first quarter, marking its first-ever decline since its New York listing The company, often called the “Quora of China,” boosted its gross margin by more than 5 percentage points, and said it expects to achieve non-GAAP profitability by year-end By Doug Young

BIDU

5 minute read

Uncategorized

DiDi Drives Back Into Growth Lane, As Aggregators Encroach On Its Turf

By The Bamboo Works

June 11, 8:37 AM

Key Takeaways: DiDi Global’s first-quarter revenue grew 14.9% to 49.1 billion yuan, marking a fifth straight quarter of double-digit growth The ride hailing app has moved past earlier regulatory headwinds, but has lost market share to competition and smaller rivals using aggregating platforms By Hugh Chen

BABA

4 minute read

Penny Stocks

Weak China Car Market Puts Brakes On Cheche’s Growth

By The Bamboo Works

June 5, 10:33 AM

Key Takeaways: Cheche’s net revenue rose 1% year-on-year in the first quarter, lagging growth rates for the value and number of transactions on its platform The results indicate both insurance underwriters and Cheche are facing pricing pressure from growing competition in a sluggish auto market By Warren Yang

CCG

5 minute read

Penny Stocks

EDA Woos Investors With Its Cross-Border e-Commerce Story

By The Bamboo Works

June 4, 9:27 AM

Key Takeaways: EDA’s revenue rose 71% last year on strong demand for its logistics services for Chinese cross-border e-commerce merchants The company’s “pre-sale stocking model” could give it an advantage as the direct-shipping model used by rivals Temu and Shein comes under fire in the U.S.

BZUN

5 minute read

Penny Stocks

Transformation Gobbles Up Smart Share Global’s profits

By The Bamboo Works

June 4, 9:10 AM

Key Takeaways: Smart Share Global’s revenue plunged more than 50% in the first quarter, as revenue from its core charging services tumbled amid its business transformation The company is gradually shifting operational responsibilities for its network of Energy Monster power bank cabinets to third-party business partners

ABNB

5 minute read

Small Cap

Hello Group Still Looking For Investor Love As Revenue Declines Accelerate

By The Bamboo Works

May 31, 10:52 AM

Key Takeaways: Hello Group’s three years of revenue declines continued in the first quarter and are accelerating as the company faces both internal and external headwinds The dating-app operator said it could soon receive a policy boost, in an apparent reference to China’s recent efforts to raise its tumbling birthrates

MOMO

4 minute read

Uncategorized

Trip.com Voyages Back From Pandemic Lows, But Lags Global Peers In Valuation

By The Bamboo Works

May 29, 10:38 AM

Key Takeaways: Trip.com’s revenue grew 27.8% in the first quarter, as its stock caught up to the company’s strong business gains from last year The company’s overseas businesses, Trip.com and Skyscanner, are shaping up as new growth drivers By Bai Xinrui

BABA

5 minute read

ATRenew Feeds On National Recycling Campaign, Strong JD.com Ties

By The Bamboo Works

May 29, 9:42 AM

Key Takeaways: ATRenew posted strong first-quarter revenue growth and predicted similar gains in the second quarter as China steps up a recent recycling campaign The company’s stock has more than doubled from an early February low, part of a broader recent rally for U.S.-listed Chinese companies By Doug Young

AAPL

5 minute read

Yalla In Cruise Mode As It Looks For New Racetrack To Test Its Tires

By The Bamboo Works

May 28, 1:53 PM

Key Takeaways: Yalla’s revenue continues to grow, as it consolidates its place as a leading Middle Eastern social media and gaming company The company announced its entry to a major British gaming association, as it looks to bring established hardcore games to the Middle East to jumpstart its growth By Doug Young