217.40 -1.21 (-0.55%)
Pre-market: 7:29AM EDT
|Bid||216.05 x 1200|
|Ask||216.83 x 2900|
|Day's range||213.75 - 218.97|
|52-week range||150.57 - 231.14|
|Beta (5Y monthly)||2.33|
|PE ratio (TTM)||62.51|
|Earnings date||13 Aug 2020 - 17 Aug 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||230.39|
Thank you for standing by for Ruhnn Holding Limited's Earnings Conference Call for the Fourth Quarter and Full Fiscal Year 2020. The Company's financial and operating results were issued in a press release earlier today and are available online. You can download the earnings press release and sign up for the Company's email distribution list by visiting the IR section of the Company's website at ir.ruhnn.com.
China's second- and third-largest e-commerce marketplaces just partnered with one of its largest electronics and appliance retailers.
Alibaba (BABA) focuses on helping U.S. SMBs to go online in order to counter the impacts of the coronavirus pandemic.
The Jack Ma Foundation’s Africa Netpreneur Prize Initiative (ANPI) has joined forces with local partners from across Africa to identify and mobilise innovative, resilient, and mission-driven African entrepreneurs, as well as support them throughout the application and selection process of the second edition of the Africa’s Business Heroes prize competition (ABH).
The deal comes just weeks after Facebook's $5.7bn investment in India's Jio. The advance of US Big Tech in south-east Asia and India is a recurring theme for us at Tech Scroll Asia, as companies from Facebook to Google and Amazon compete for influence with Chinese rivals Alibaba and Tencent.
Apple (NASDAQ: AAPL) isn't taking any chances when it comes to its ongoing recovery in China, its second-largest market. The company has taken the unusual step of offering steep discounts on its current iPhone models in the Middle Kingdom ahead of a major online shopping event -- the 6.18 Festival. Each of the latest flagship iPhone models, including the iPhone 11, iPhone 11 Pro, and iPhone 11 Pro Max, have all been discounted by about 15% on Apple's official store on the Alibaba Group's (NYSE: BABA) Tmall e-commerce platform.
India's top trending free app on Google's mobile app store, with more than 5 million downloads since late May, is called "Remove China Apps" and does exactly what it says on the label. Its popularity comes amid calls for a boycott of Chinese mobile apps in India as a Himalayan border dispute fuels a backlash against products from China. Popular Indian yoga guru Baba Ramdev posted a video on Twitter on Sunday showing the step-by-step deletion of several Chinese apps, a move he described as a "national service".
U.S. small businesses "Go Digital, Go Global" with three new Alibaba.com offerings that make it even easier to do business.
As he unveiled his company’s worst-ever annual financial results on May 18, Masayoshi Son, SoftBank’s chief executive, painted a vivid picture of the “great crisis” engulfing the sprawling tech investor. “If I were to describe it,” Mr Son told his unseen online audience, “unicorns that had been climbing uphill hard are suddenly faced with a coronavirus valley — and the unicorns are falling into that valley.” In case anyone missed the point, a slide depicting tumbling unicorns appeared behind Mr Son’s head.
Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. Last week, we had a barrage of news ranging from SoftBank's latest bet on China's autonomous driving sector to Chinese apps making waves in the U.S. (not TikTok). TikTok isn’t the only app with a Chinese background that’s making waves in the U.S. A brand new short-video app called Zynn has been topping the iOS chart in America since May 26, just weeks after its debut.
Chinese technology groups such as ByteDance and Alibaba are boosting their presence in Singapore as they vie with US rivals for dominance in south-east Asia. Artificial intelligence start-up SenseTime, online travel platform Ctrip, social network site YY and telecoms provider China Telecom are also among those that have either increased their office footprint or plan to raise their headcount, according to multiple people involved in the discussions. The trend comes against a backdrop of souring US-China relations and as companies from the world’s two biggest economies compete for regional influence in cutting-edge technologies.
SHANGHAI, China, May 28, 2020 -- 360 Finance, Inc. (NASDAQ: QFIN) (“360 Finance” or the “Company”), a leading digital consumer finance platform, today announced that Mr. Dan.
Alibaba Group Holding Ltd <BABA.N> is emerging as one of China's biggest corporate winners of the coronavirus crisis, gaining the opportunity to expand its businesses and solidify its status as a critical part of the country's socio-economic engine. While many companies are hurting from disruption caused by the virus, Alibaba has seen traffic at its online marketplaces shoot higher and demand grow for services like food delivery. The company, which emerged as China's leading e-commerce company after the 2003 SARS outbreak, is now positioning itself as a hirer and a lender too, advertising for over 100,000 jobs and offering billions of dollars in loans to small and mid-sized enterprises (SMEs) at a time when many others are retrenching.
Pinduoduo's (NASDAQ: PDD) stock recently surged to an all-time high after the company posted its first-quarter earnings. The Chinese e-commerce company's revenue rose 44% annually to 6.54 billion yuan ($924 million), beating estimates by $189 million but marking its slowest growth rate since its IPO.
JD.com, the online retailer that is Alibaba's long-time nemesis, announced Wednesday a strategic partnership with Kuaishou, the main rival of TikTok's sibling in China, Douyin. The thinking goes that video platforms can leverage the trust that influencers instill in their audience to tout products ranging from cosmetics to electronics. Much of the transaction happens over live broadcasting -- a bit misleading as these apps are billed as "short video" apps with live video features -- which allows for real-time interaction between merchants and shoppers.
Alibaba Group Holding's (BABA) fiscal fourth-quarter 2020 earnings are driven by a steady improvement in core commerce and strong cloud business.
The Zacks Analyst Blog Highlights: The Clorox Company, MGP Ingredients, Middlesex Water, Baidu and Alibaba
Lending money can be a risky business, especially when the global economy is heading into recession. More importantly, the four-year-old company’s record performance comes just weeks after Chinese technology giant Tencent bought a 5 per cent stake for $300m. Both Tencent and its main competitor, Alibaba’s Ant Financial, are refining their fintech strategies, and both see immense promise in BNPL.