Economy of China

Alibaba Group Will Announce June Quarter 2020 Results on August 20, 2020

Friday, August 7, 2020 - 10:00am

Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, Alibaba or Alibaba Group) today announced that it will report its unaudited financial results for the quarter ended June 30, 2020 before the U.S. market opens on Thursday, August 20, 2020, and will hold a conference call to discuss the financial results at 7:30 a.m. U.S. Eastern Time (7:30 p.m. Hong Kong Time) the same day.

Key Points: 
  • Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, Alibaba or Alibaba Group) today announced that it will report its unaudited financial results for the quarter ended June 30, 2020 before the U.S. market opens on Thursday, August 20, 2020, and will hold a conference call to discuss the financial results at 7:30 a.m. U.S. Eastern Time (7:30 p.m. Hong Kong Time) the same day.
  • Details of the conference call are as follows:
    Conference ID: 7490169 (simultaneous interpretation in Chinese, listen only mode)
    A live webcast of the earnings conference call can be accessed at https://www.alibabagroup.com/en/ir/earnings .
  • Please visit Alibaba Groups Investor Relations website at https://www.alibabagroup.com/en/ir/home on August 20, 2020 to view the earnings release and accompanying slides prior to the conference call.
  • It envisions that its customers will meet, work and live at Alibaba, and that it will be a good company that lasts for 102 years.

Global and China Jewelry Industry Report (2020 to 2026) - Featuring Chow Tai Fook, Chow Sang Sang & Lukfook Among Others - ResearchAndMarkets.com

Tuesday, August 4, 2020 - 5:21pm

The "Global and China Jewelry Industry Report, 2020-2026" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global and China Jewelry Industry Report, 2020-2026" report has been added to ResearchAndMarkets.com's offering.
  • In 2019, the global jewelry market edged down 1.4% from a year ago to $363 billion in comparison with Chinese jewelry market worth RMB750.3 billion with an annualized spike of 7.7%.
  • In China, the jewelry market is ruled by world-renowned brands, Hong Kong brands and Chinese mainland brands.
  • Among them, Chow Tai Fook held 8.1% share and Lao Feng Xiang 6.6%, leading the pack in the Chinese jewelry industry.

ATIF Holdings Limited Signs Multimedia Services Contracts with China and Global Top 500 Companies

Monday, August 3, 2020 - 1:00pm

SHENZHEN, China, Aug. 3, 2020 /PRNewswire/ -- ATIF Holdings Limited (Nasdaq: ATIF, the "Company"), a company providing business consulting services and multimedia services in Asia, today announced that its majority-owned subsidiary, Leaping Group Co., Ltd.("LGC"), a leading multimedia and advertising firm in Northeast China, has signed contracts with more than 20 renowned corporate clients to provide multimedia services.

Key Points: 
  • SHENZHEN, China, Aug. 3, 2020 /PRNewswire/ -- ATIF Holdings Limited (Nasdaq: ATIF, the "Company"), a company providing business consulting services and multimedia services in Asia, today announced that its majority-owned subsidiary, Leaping Group Co., Ltd.("LGC"), a leading multimedia and advertising firm in Northeast China, has signed contracts with more than 20 renowned corporate clients to provide multimedia services.
  • Some of the corporate clients are China and Global Top 500 companies.
  • Pursuant to the contracts LGC signed with the clients, LGC will produce promotional videos, documentaries, internet broadcast programs and product marketing related multimedia production services for over 20 renowned corporate clients such as COFCO Property (SHE:000031), Industrial and Commercial Bank of China (SHA:601398), China Vanke (SHE:000002), Agile Property (HKG:03383) and Evergrande (HKG:03333), which are ranked among China and Global Top 500 enterprises.
  • In addition,ATIFinvests in films and TV programs and distributes them in movie theaters or through online platforms.For more information, please visit https://ir.atifchina.com/ .

Quarterly Cloud Spending Blows Past $30B; Incremental Growth Continues to Rise

Friday, July 31, 2020 - 3:37pm

Q2 2019 spending grew $6.5 billion from Q2 2018, which in turn grew $5.5 billion from Q2 2017.

Key Points: 
  • Q2 2019 spending grew $6.5 billion from Q2 2018, which in turn grew $5.5 billion from Q2 2017.
  • In aggregate Chinese cloud providers now account for over 12% of the worldwide market, led by Alibaba, Tencent and Baidu.
  • They are followed by a long tail of small providers or large companies with a minor position in the cloud market.
  • Synergy provides quarterly market sizing and segmentation data on cloud and related markets, including company revenues by segment and by region.

HKTDC Entrepreneur Day: Start-ups get insights into overcoming challenges

Thursday, July 30, 2020 - 8:00am

Mr Leonhard explained that there would not be a post-COVID-19 return to normality, and that the new normal would be very different.

Key Points: 
  • Mr Leonhard explained that there would not be a post-COVID-19 return to normality, and that the new normal would be very different.
  • The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade.
  • With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub.
  • The HKTDC also provides up-to-date market insights and product information via trade publications, research reports and digital news channels.

Power Tools Markets in China 2020-2029 - ResearchAndMarkets.com

Tuesday, July 28, 2020 - 1:26pm

The "Power Tools Markets in China" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Power Tools Markets in China" report has been added to ResearchAndMarkets.com's offering.
  • China's demand for Power Tools has grown at a fast pace in the past decade.
  • The primary and secondary research for this report was done in China in order to access up-to-date government regulations, market information and industry data.
  • Interviews were conducted with Chinese industry experts, university professors, and producers in China.

SANY's Growing Dealer Network: SANY Partners Increase Across U.S.

Monday, July 27, 2020 - 2:15pm

He recently shared the latest updates on new dealers joining the SANY dealer network and SANY's plans for continued growth in 2020.

Key Points: 
  • He recently shared the latest updates on new dealers joining the SANY dealer network and SANY's plans for continued growth in 2020.
  • "Dealer interest remains strong, and SANY is actively executing its strategy to expand its dealer network across the United States," said Erwood.
  • Both customers and dealer partners praise the performance, competitive pricing and industry-leading five-year, 5,000-hour warranty that is synonymous with SANY equipment.
  • This relationship also helps SANY ensure that from coast to coast, SANY customers know they will find the same consistent quality, performance and assistance at their local SANY dealer.

China Finance Online Reports 2020 First Quarter Unaudited Financial Results

Friday, July 24, 2020 - 12:06pm

BEIJING, July24, 2020 /PRNewswire/ -- China Finance Online Co. Limited ("China Finance Online", or the "Company", "we", "us" or "our") (NASDAQ GS: JRJC), a leading web-based financial services company that provides Chinese retail investors with fintech-powered online access to securities trading services, wealth management products, securities investment advisory services, as well as financial database and analytics services to institutional customers, today announced its unaudited financial results for the first quarter ended March 31, 2020.

Key Points: 
  • BEIJING, July24, 2020 /PRNewswire/ -- China Finance Online Co. Limited ("China Finance Online", or the "Company", "we", "us" or "our") (NASDAQ GS: JRJC), a leading web-based financial services company that provides Chinese retail investors with fintech-powered online access to securities trading services, wealth management products, securities investment advisory services, as well as financial database and analytics services to institutional customers, today announced its unaudited financial results for the first quarter ended March 31, 2020.
  • Net loss attributable to China Finance Online was $1.9 million, compared with a net loss of $2.8 million in the first quarter of 2019 and a net loss of $3.4 million in the fourth quarter of 2019.
  • China Finance Online signed a partnership agreement with Dow Jones to join forces to serve the large financial information and data market in China.
  • Mr. Zhiwei Zhao, Chairman and CEO of China Finance Online, commented, " during the first quarter of 2020, the COVID-19 pandemic caused a devastating blow to the Chinese economy and created unprecedented uncertainties for the global economy.

Inaugural 'Standard Chartered GBA Business Confidence Index'

Thursday, July 23, 2020 - 10:00am

HONG KONG, July 23, 2020 - (ACN Newswire) - Standard Chartered and Hong Kong Trade Development Council ("HKTDC") released the inaugural "Standard Chartered GBA Business Confidence Index" ("GBAI"), the first forward-looking quarterly survey in the market that looks at the business sentiment and synergistic effects across cities and industries in the Guangdong-Hong Kong-Macao Greater Bay Area ("Greater Bay Area" or "GBA").

Key Points: 
  • HONG KONG, July 23, 2020 - (ACN Newswire) - Standard Chartered and Hong Kong Trade Development Council ("HKTDC") released the inaugural "Standard Chartered GBA Business Confidence Index" ("GBAI"), the first forward-looking quarterly survey in the market that looks at the business sentiment and synergistic effects across cities and industries in the Guangdong-Hong Kong-Macao Greater Bay Area ("Greater Bay Area" or "GBA").
  • (from left) Kelvin Lau, Senior Economist, Greater China, Standard Chartered and Nicholas Kwan, Director of Research, HKTDC at the online press conference of "Standard Chartered GBA Business Confidence Index".
  • To download the report of the "Standard Chartered GBA Business Confidence Index", please visit the website: https://sc.com/hk/gba/gba-index/.
  • Standard Chartered GBA Business Confidence Index (GBAI) is the first forward-looking quarterly survey in the market that looks at the business sentiment and synergistic effects across cities and industries in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).

Kandi Affiliate Fengsheng Announces Subsidy Approval for new Maple 60X

Wednesday, July 22, 2020 - 2:07pm

Subsidy approval is a key milestone as Fengsheng brings the 60V to market in the near future.

Key Points: 
  • Subsidy approval is a key milestone as Fengsheng brings the 60V to market in the near future.
  • We are pleased that Fengsheng is announcing the fulfillment of this key milestone for the Maple 60V, commented Xiaoming Hu, Kandi Technologies Chairman and Chief Executive Officer.
  • Kandi conducts its primary business operations through its wholly-owned subsidiary, Zhejiang Kandi Vehicles Co., Ltd. ("Kandi Vehicles") and its subsidiaries, SC Autosports, LLC, the wholly-owned subsidiary of Kandi in the United States and Fengsheng Automobile Technology Group Co., Ltd (formerly known as Kandi Electric Vehicles Group Co., Ltd., the Affiliate Company).
  • Geely Group (including its affiliate) and Kandi Vehicles currently holds 78% and 22% of the equity interests in the Affiliate Company, respectively.