Shanghai

Qutoutiao Inc. Reports First Quarter 2020 Unaudited Financial Results

Thursday, June 4, 2020 - 10:30am

SHANGHAI, China, June 04, 2020 (GLOBE NEWSWIRE) -- Qutoutiao Inc. (Qutoutiao, the Company or We) (NASDAQ: QTT), a leading operator of mobile content platforms in China, today announced its unaudited financial results in the first quarter ended March 31, 2020.

Key Points: 
  • SHANGHAI, China, June 04, 2020 (GLOBE NEWSWIRE) -- Qutoutiao Inc. (Qutoutiao, the Company or We) (NASDAQ: QTT), a leading operator of mobile content platforms in China, today announced its unaudited financial results in the first quarter ended March 31, 2020.
  • Net revenues in the first quarter of 2020 were RMB1,411.8 million (US$199.4 million), an increase of 26.2% from RMB1,118.8 million in the first quarter of 2019.
  • Other revenues were RMB47.8 million (US$6.8 million) in the first quarter of 2020, compared to RMB31.7 million in the first quarter of 2019.
  • Net loss attributable to Qutoutiao Inc.s ordinary shareholders was RMB543.5 million (US$76.8 million) in the first quarter of 2020, compared to RMB690.3 million in the first quarter of 2019.

NIO Inc. Provides May 2020 Delivery Update

Thursday, June 4, 2020 - 9:00am

Delivered 3,436 vehicles in May 2020, achieving record-high monthly deliveries

Key Points: 
  • Delivered 3,436 vehicles in May 2020, achieving record-high monthly deliveries
    SHANGHAI, China, June 04, 2020 (GLOBE NEWSWIRE) -- NIO Inc. (NIO or the Company) (NYSE: NIO), a pioneer in Chinas premium smart electric vehicle market, today provided its May 2020 delivery results.
  • NIO delivered 3,436 vehicles in May 2020, representing a strong 215.5% growth year over year.
  • As of May 31, 2020, cumulative deliveries of the ES8 and the ES6 reached 42,342 vehicles, of which 10,429 were delivered in 2020.
  • We expect to achieve the delivery goal for the second quarter 2020, while continuously improving gross margin and narrowing operating loss.

Bilibili Inc. Announces Completion of Convertible Senior Notes

Tuesday, June 2, 2020 - 1:37pm

SHANGHAI, China, June 02, 2020 (GLOBE NEWSWIRE) -- Bilibili Inc. (Bilibili or the Company) (NASDAQ: BILI), a leading online entertainment platform for young generations in China, today announced that it closed the offering (the Notes Offering) of US$800 million in aggregate principal amount of convertible senior notes due 2027 (the Notes), which included the exercise in full by the initial purchasers of their option to purchase up to an additionalUS$100 millionaggregate principal amount of the Notes.

Key Points: 
  • SHANGHAI, China, June 02, 2020 (GLOBE NEWSWIRE) -- Bilibili Inc. (Bilibili or the Company) (NASDAQ: BILI), a leading online entertainment platform for young generations in China, today announced that it closed the offering (the Notes Offering) of US$800 million in aggregate principal amount of convertible senior notes due 2027 (the Notes), which included the exercise in full by the initial purchasers of their option to purchase up to an additionalUS$100 millionaggregate principal amount of the Notes.
  • Bilibili represents the iconic brand of online entertainment with a mission to enrich the everyday life of young generations in China.
  • Bilibili is a full-spectrum online entertainment world covering a wide array of genres and media formats, including videos, live broadcasting and mobile games.
  • Statements that are not historical facts, including but not limited to statements about Bilibilis beliefs and expectations, are forward-looking statements.

OneSmart Recognized with China Best Employer Campus Recruitment Award 2020

Monday, June 1, 2020 - 9:00am

SHANGHAI, June 1, 2020 /PRNewswire/ -- OneSmart International Education Group Limited (NYSE:ONE) ("OneSmart" or the "Company"),the leading premium K-12 education company in China, today announced that it was awarded the 'China Best Employer Campus Recruitment Award 2020' (the "Award").

Key Points: 
  • SHANGHAI, June 1, 2020 /PRNewswire/ -- OneSmart International Education Group Limited (NYSE:ONE) ("OneSmart" or the "Company"),the leading premium K-12 education company in China, today announced that it was awarded the 'China Best Employer Campus Recruitment Award 2020' (the "Award").
  • Over the past few months, OneSmart has held a number of online and offline campus recruiting events well attended by college graduates.
  • Founded in 2008 and headquartered in Shanghai, OneSmart International Education Group Limited is a leading premium K-12 education company in China.
  • As of November 30, 2019, OneSmart operates a nationwide network of 430 learning centers across 35 cities in China.

Fosun Foundation and Longfor Group donated 40 ventilators to the U.S. hospitals in fight against COVID-19

Friday, May 29, 2020 - 7:00pm

NEW YORK, May 29, 2020 /PRNewswire/ -- Fosun Foundation together with Longfor Group announce the donation of 40 Breas Vivo 50 ventilators to the hospitals in 21 hospitals located in 11 different states of U.S. to support medical communities fighting againse the COVID-19.

Key Points: 
  • NEW YORK, May 29, 2020 /PRNewswire/ -- Fosun Foundation together with Longfor Group announce the donation of 40 Breas Vivo 50 ventilators to the hospitals in 21 hospitals located in 11 different states of U.S. to support medical communities fighting againse the COVID-19.
  • Breas Medical Group has also donated 140 non-invasive ventilators to 14 Hubei hospitals in Feb. 2020.
  • As an enterprise with global organizational capabilities, Fosun is willing to take the initiative to fulfill due responsibilities for our global community.
  • Therefore, in November 2012, Fosun Foundation was registered as a philanthropic organization in Shanghai for achieving Fosun's social responsibility.

Bilibili Inc. Prices Offering of Convertible Senior Notes 

Friday, May 29, 2020 - 10:00am

SHANGHAI, China, May 29, 2020 (GLOBE NEWSWIRE) -- Bilibili Inc. (Bilibili or the Company) (NASDAQ: BILI), a leading online entertainment platform for young generations in China, today announced the pricing of US$700 million in aggregate principal amount of convertible senior notes due 2027 (the Notes) (the Notes Offering).

Key Points: 
  • SHANGHAI, China, May 29, 2020 (GLOBE NEWSWIRE) -- Bilibili Inc. (Bilibili or the Company) (NASDAQ: BILI), a leading online entertainment platform for young generations in China, today announced the pricing of US$700 million in aggregate principal amount of convertible senior notes due 2027 (the Notes) (the Notes Offering).
  • In addition, the Company has granted the initial purchasers in the Notes Offering a 30-day option to purchase up to an additional US$100 million in principal amount of the Notes.
  • When issued, the Notes will be senior, unsecured obligations of Bilibili.
  • This press release contains information about the pending offerings of the Notes, and there can be no assurance that the Notes Offering will be completed.

Qutoutiao Inc. to Report First Quarter 2020 Results on Thursday, June 4, 2020

Friday, May 29, 2020 - 4:00am

Qutoutiao Inc. operates innovative and fast-growing mobile content platforms in China with a mission to bring fun and value to its users.

Key Points: 
  • Qutoutiao Inc. operates innovative and fast-growing mobile content platforms in China with a mission to bring fun and value to its users.
  • Qutoutiao has attracted a large group of loyal users, many of whom are from lower-tier cities in China.
  • They enjoy Qutoutiaos fun and entertainment-oriented content as well as its social-based user loyalty program.
  • These forward-looking statements can be identified by terminology such as will, expects, anticipates, future, intends, plans, believes, estimates and similar statements.

Zai Lab Announces Positive Topline Results from the NORA Phase 3 Study of ZEJULA® as Maintenance Therapy for Chinese Patients with Platinum-sensitive, Recurrent Ovarian Cancer

Thursday, May 28, 2020 - 12:37pm

Building on both the promising results of NOVA and Zai Labs PK study that demonstrated no ethnicity difference between Chinese and global subjects, the NORA study further underscores the promise of ZEJULA as a maintenance therapy for Chinese patients with platinum-sensitive recurrent ovarian cancer.

Key Points: 
  • Building on both the promising results of NOVA and Zai Labs PK study that demonstrated no ethnicity difference between Chinese and global subjects, the NORA study further underscores the promise of ZEJULA as a maintenance therapy for Chinese patients with platinum-sensitive recurrent ovarian cancer.
  • Additional development program for niraparib in ovarian cancer by Zai Lab includes an ongoing pivotal study of niraparib as first-line maintenance therapy for Chinese patients with ovarian cancer following platinum-based chemotherapy.
  • Previously, Zai Lab conducted a Phase 1 pharmacokinetic (PK) study of niraparib in Chinese patients with ovarian cancer.
  • Zai Lab has obtained approval to market ZEJULA in Mainland China, Hong Kong and Macau for maintenance therapy in patients with platinum-sensitive, recurrent ovarian cancer.