Secoo | Jotup

Kuke Reports First Half of 2023 Unaudited Financial Results

Retrieved on:

Wednesday, December 27, 2023

ADS, Music, Financial management, EY, Economics, Collection, CPA, Student, Acquisition, RMB, Ageing, Total, Science, Wuhan University, Secoo, Video game

NEW YORK, Dec. 27, 2023 (GLOBE NEWSWIRE) -- Kuke Music Holding Limited (“Kuke” or the “Company”) (NYSE: KUKE), a leading classical music service platform in China, today announced its unaudited interim financial results for the six months ended June 30, 2023.

Key Points:

NEW YORK, Dec. 27, 2023 (GLOBE NEWSWIRE) -- Kuke Music Holding Limited (“Kuke” or the “Company”) (NYSE: KUKE), a leading classical music service platform in China, today announced its unaudited interim financial results for the six months ended June 30, 2023.
The Company’s copyrighted classical music content now includes over 3.06 million music tracks as of June 30, 2023.
Total operating expenses in the first half of 2023 decreased by 50.9% to RMB33.3 million (US$4.6 million) from RMB67.9 million in the same period of 2022.
Operating profit in the first half of 2023 was RMB11.6 million (US$1.7 million), compared to operating loss of RMB32.2 million in the same period of 2022.

Qudian Inc. Reports Second Quarter 2023 Unaudited Financial Results

Retrieved on:

Thursday, September 7, 2023

Interest, Share repurchase, Marketing, ADS, Fast Horse, US, Investment, Secoo, Research, NYSE, Total, Bank, Video game, Cryptocurrency

XIAMEN, China, Sept. 7, 2023 /PRNewswire/ -- Qudian Inc. ("Qudian" or "the Company" or "We") (NYSE: QD), a consumer-oriented technology company, today announced its unaudited financial results for the quarter ended June 30, 2023.

Key Points:

XIAMEN, China, Sept. 7, 2023 /PRNewswire/ -- Qudian Inc. ("Qudian" or "the Company" or "We") (NYSE: QD), a consumer-oriented technology company, today announced its unaudited financial results for the quarter ended June 30, 2023.
Total operating costs and expenses decreased to RMB106.7 million (US$14.7 million) from RMB135.9 million for the second quarter of 2022.
Interest and investment income, net increased by 47.8% to RMB6.8 million (US$0.9 million) from RMB4.6 million for the second quarter of 2022, mainly due to loss from investments of Secoo recorded in the second quarter of 2022 which did not appear in the second quarter of 2023.
The business was launched on a trial basis and has successfully taking shape and achieving initial scale in Australia during the second quarter of 2023.

Secoo Reports Unaudited First Half 2022 Financial Results

Retrieved on:

Friday, December 30, 2022

BEIJING, Dec. 30, 2022 (GLOBE NEWSWIRE) -- Secoo Holding Limited (“Secoo,” the “Company” or “We”) (NASDAQ: SECO), Asia's leading online integrated upscale products and services platform, today announced its unaudited financial results for the six months ended June 30, 2022.

Key Points:

BEIJING, Dec. 30, 2022 (GLOBE NEWSWIRE) -- Secoo Holding Limited (“Secoo,” the “Company” or “We”) (NASDAQ: SECO), Asia's leading online integrated upscale products and services platform, today announced its unaudited financial results for the six months ended June 30, 2022.
Highlights for First Half 2022:
GMV1 reached RMB3,299.8 million (US$492.6 million) for 1H 2022, compared with RMB5,027.8 million for 1H 2021.
In August 2022, Secoo entered into share purchase agreements with Beijing HCYK Corporation Management Partner (“HCYK”) and Timing Capital Limited (“Timing Capital”).
In September 2022, Secoo formed a strategic cooperation with Aladdin Legend Technology Co., Ltd. (“Aladdin Technology”), a subsidiary of Aladdin Holding Group.

Secoo Regains Compliance with Nasdaq’s Minimum Bid Price Requirement

Retrieved on:

Tuesday, December 13, 2022

Annual report, Letter, App Store (iOS/iPadOS), SECO, Growth, Stock, ADS, Audit, Secoo

According to the Compliance Notice, the closing bid price of the Company’s ADSs has been at $1.00 per ADS or greater for 10 consecutive business days from November 28 to December 9, 2022, and the Company has regained compliance with the Minimum Bid Price Requirement and the matter is closed.

Key Points:

According to the Compliance Notice, the closing bid price of the Company’s ADSs has been at $1.00 per ADS or greater for 10 consecutive business days from November 28 to December 9, 2022, and the Company has regained compliance with the Minimum Bid Price Requirement and the matter is closed.
Secoo Holding Limited (“Secoo”) is Asia’s leading online integrated upscale products and services platform.
These forward-looking statements include but are not limited to Secoo management quotes and the Company’s financial outlook.
Secoo Holding Limited does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Secoo Announces Plan to Implement ADS Ratio Change

Retrieved on:

Wednesday, November 23, 2022

Growth, App Store (iOS/iPadOS), SECO, Stock, Annual report, ADSS, Tax, Sale, ADS, Form, Security (finance), Secoo

For the Companys ADS holders, the change in the ADS Ratio will have the same effect as a one-for-ten reverse ADS split.

Key Points:

For the Companys ADS holders, the change in the ADS Ratio will have the same effect as a one-for-ten reverse ADS split.
A post-effective amendment to the ADS Registration Statement on Form F-6 will be filed with the SEC to reflect the change in the ADS Ratio.
Each ADS holder of record at the close of business on the date when the change in ADS Ratio is effective will be required to surrender and exchange every ten (10) existing ADSs held then for one (1) new ADS.
The change in the ADS Ratio will have no impact on the Companys underlying Class A ordinary shares, and no Class A ordinary shares will be issued or cancelled in connection with the change in the ADS Ratio.

Aladdin Technology Group and Secoo Group reached a strategic cooperation with up to 1.3 billion RMB to boost the global innovation and development of Secoo.

Retrieved on:

Thursday, September 15, 2022

Stock, Empowerment, Company, App Store (iOS/iPadOS), Internet, RMB, SECO, NASDAQ, Luxury, Retail, Secoo

The in-depth strategic cooperation between Aladdin Technology Group and Secoo Group is divided into three parts: First, the establishment of "Secoo China Club", Aladdin Technology Group will invest up to 100 million RMB, and together with Secoo, it will lay out the high-end consumption circle and jointly develop second-hand Luxury goods transactions.

Key Points:

The in-depth strategic cooperation between Aladdin Technology Group and Secoo Group is divided into three parts: First, the establishment of "Secoo China Club", Aladdin Technology Group will invest up to 100 million RMB, and together with Secoo, it will lay out the high-end consumption circle and jointly develop second-hand Luxury goods transactions.
The Aladdin Technology Group will make a strategic investment of up to 200 million RMB, and carry out in-depth cooperation by subscribing for the main shares of Secoo listed on the stock market.
With up to 1 billion RMB, we will join hands with Secoo to go overseas to promote the innovation and upgrading of services in the global luxury industry.
Secoo Holding Limited ("Secoo") is Asia's leading online integrated upscale products and services platform.

Secoo Announces Equity Investment Led by Private Equity Firm HCYK

Retrieved on:

Friday, August 19, 2022

U.S. Securities and Exchange Commission, Securities Act of 1933, GLOBE, Private Securities Litigation Reform Act, Growth, Securities Exchange Act of 1934, Company, App Store (iOS/iPadOS), NASDAQ, Stock, SECO, Annual report, Terminology, Security (finance), Secoo

This important infusion will provide Secoo with the capital to implement our robust growth initiatives, said Mr. Richard Rixue Li, Chairman and Chief Executive Officer of Secoo.

Key Points:

This important infusion will provide Secoo with the capital to implement our robust growth initiatives, said Mr. Richard Rixue Li, Chairman and Chief Executive Officer of Secoo.
Investment from HCYK and Timing Capital represents a strong vote of confidence in our position as a prominent destination for luxury online shopping in China.
Secoo Holding Limited (Secoo) is Asias leading online integrated upscale products and services platform.
Secoo Holding Limited does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

The ATV of Secoo's 618 sales campaign increases by 70% than that of last year, top-level users entering into luxury investment

Retrieved on:

Tuesday, June 21, 2022

Jewellery, Statistics, CEO, Industry, Shoe, Clothing, ATV, Bird, Company, Maintenance, City, Retail, Secoo

Li Rixue, the founder and the CEO of Secoo, points out that during this year's 618 sales campaign, the ATV increases by 70% than that of last year.

Key Points:

Li Rixue, the founder and the CEO of Secoo, points out that during this year's 618 sales campaign, the ATV increases by 70% than that of last year.
According to the statistics, individual users buy more intensively in this year's 618 sales campaign.
Rare bags and watches are popular with consumers, some starting to invest in luxury goods.
As the price of luxury goods goes up and down, Ms. Wang starts to get the hang of price fluctuation rules of luxury goods.

Secoo Receives Approval to Transfer to Nasdaq Capital Market

Retrieved on:

Friday, June 17, 2022

BEIJING, June 17, 2022 (GLOBE NEWSWIRE) -- Secoo Holding Limited (Secoo or the Company) (NASDAQ: SECO), Asias leading online integrated upscale products and services platform, today announced that on June 16, 2022, the Listing Qualifications department of the Nasdaq Stock Market LLC (Nasdaq) approved the Companys request to transfer the listing of the Companys American Depositary Shares (the ADSs) from the Nasdaq Global Market to the Nasdaq Capital Market.

Key Points:

BEIJING, June 17, 2022 (GLOBE NEWSWIRE) -- Secoo Holding Limited (Secoo or the Company) (NASDAQ: SECO), Asias leading online integrated upscale products and services platform, today announced that on June 16, 2022, the Listing Qualifications department of the Nasdaq Stock Market LLC (Nasdaq) approved the Companys request to transfer the listing of the Companys American Depositary Shares (the ADSs) from the Nasdaq Global Market to the Nasdaq Capital Market.
The transfer of the Companys listing to the Nasdaq Capital Market is not expected to have any impact on trading in the Companys ADSs.
The Nasdaq Capital Market operates in substantially the same manner as the Nasdaq Global Market, and companies on the Nasdaq Capital Market must meet certain financial and corporate governance requirements to qualify for continued listing.
In response, the Company submitted an application to transfer the listing of its ADSs from the Nasdaq Global Market to the Nasdaq Capital Market.

Secoo creating its own Black Card of exquisite lifestyle, turning users into spokesman

Retrieved on:

Friday, June 10, 2022

Jewellery, Life, Company, Black card, Michelin, American Express, Luxury, Clothing, Consumer, Budget, NASDAQ, Shoe, Industry, Consultant, Bain & Company, Online shopping, Secoo

BEIJING, June 10, 2022 /PRNewswire/ -- Recently, Secoo Group(NASDAQ:SECO) has made an official announcement that it will build up a Black Card service system concerning exquisite lifestyle--to turn its high-end users into its spokesman.

Key Points:

BEIJING, June 10, 2022 /PRNewswire/ -- Recently, Secoo Group(NASDAQ:SECO) has made an official announcement that it will build up a Black Card service system concerning exquisite lifestyle--to turn its high-end users into its spokesman.
It shows that the most concerned China's high-end users of luxury goods has shifted from offline consumption to online consumption due the epidemic outbreak.
Since its foundation in 2008, Secoo has been dedicated to providing the latest and smartest fashion items for high-end users.
In consideration of the needs of high-end users, Secoo has launched its Black Card service system concerning exquisite lifestyle.