RMB

Cheetah Mobile Announces Second Half and Full Year 2023 Unaudited Consolidated Financial Results

Retrieved on: 
Thursday, March 21, 2024
Research, Growth, H.10, RMB, American depositary receipt, AGI, Operating cost, Acquisition, AI, ADS, Cheetah Mobile, Translation, LLM, Advertising, Investment, Marketing, Total, Rare-earth element

BEIJING, March 21, 2024 /PRNewswire/ -- Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a leading internet company, today announced its unaudited consolidated financial results for the second half and full year 2023 ended December 31, 2023.

Key Points: 
  • BEIJING, March 21, 2024 /PRNewswire/ -- Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a leading internet company, today announced its unaudited consolidated financial results for the second half and full year 2023 ended December 31, 2023.
  • Cost of revenues decreased by 8.3% year over year to RMB118.6 million (US$16.7 million) in the second half of 2023.
  • Gross margin was 64.3% in the second half of 2023, compared to 75.5% in the second half of 2022.
  • Non-GAAP gross margin was 64.3% in the second half of 2023, compared to 75.5% in the second half of 2022.

Lion Group Holding Set to Launch AI-driven Multi-currency Account Services by End of March

Retrieved on: 
Tuesday, March 19, 2024
RMB, OTC, AI, LGHL, Cryptocurrency

The system will adjust to different currency accounts in real-time and offer a suite of user-friendly investment tools and trading services to accommodate diverse investment strategies.

Key Points: 
  • The system will adjust to different currency accounts in real-time and offer a suite of user-friendly investment tools and trading services to accommodate diverse investment strategies.
  • Targeting global users across multiple industries, Lion's new services are designed to allow customers enjoy significant cost savings and enhanced efficiency.
  • The adoption of offshore RMB settlement in Lion's new trading services, however, mitigates these currency fluctuations and substantially supports the liquidity and flexibility of customers' financial strategies.
  • "Our new suite of enhanced AI-driven products and services will not only address but also anticipate the evolving needs of our customers," said Lion CEO Mr. Chunning (Wilson) Wang.

Golden Heaven Group Holdings Ltd. Enters into a Collaboration Agreement with Zigong City Dragon Culture & Arts Co. Ltd.

Retrieved on: 
Tuesday, March 19, 2024
Culture, The Company, Growth, Good, Agreement, RMB

NANPING, China, March 19, 2024 /PRNewswire/ -- Golden Heaven Group Holdings Ltd. (the "Company" or "Golden Heaven") (Nasdaq: GDHG), an amusement park operator in China, today announced that on March 11, 2024, it entered into a collaboration agreement (the "Agreement")  with Zigong City Dragon Culture & Arts Co. Ltd., ("Zigong Culture"), a company engaged in various commercial, cultural and artistic activities in China.

Key Points: 
  • NANPING, China, March 19, 2024 /PRNewswire/ -- Golden Heaven Group Holdings Ltd. (the "Company" or "Golden Heaven") (Nasdaq: GDHG), an amusement park operator in China, today announced that on March 11, 2024, it entered into a collaboration agreement (the "Agreement")  with Zigong City Dragon Culture & Arts Co. Ltd., ("Zigong Culture"), a company engaged in various commercial, cultural and artistic activities in China.
  • Under the Agreement, Golden Heaven agrees to lease certain land and property for Zigong Culture, to host a range of outdoor activities.
  • Mr. Jin Xu, the CEO and Chairman of the Company, remarked, "This collaboration with Zigong Culture marks a milestone in our ongoing efforts to diversify visitor experiences and optimize property management.
  • We expect this collaboration to bring an increasing flow of visitors and add to our operational revenues.

ZKH Group Limited Announces Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results

Retrieved on: 
Tuesday, March 19, 2024
Research, H.10, RMB, Time in China, COVID-19, Travel, Operating cost, Transport, ADS, Federal Reserve, Translation, Marketing, Investment, Cryptocurrency

Total operating expenses were RMB1,851.2 million (US$260.7 million), a decrease of 7.6% from RMB2,003.4 million in 2022.

Key Points: 
  • Total operating expenses were RMB1,851.2 million (US$260.7 million), a decrease of 7.6% from RMB2,003.4 million in 2022.
  • Sales and marketing expenses were RMB700.8 million (US$98.7 million), an increase of 2.6% from RMB683.2 million in 2022.
  • Net cash used in operating activities was RMB567.9 million (US$80.0 million) in 2023, compared with RMB504.2 million in 2022.
  • The Company's management will hold a conference call on Tuesday, March 19, 2024, at 8:00 A.M. U.S. Eastern Time or 8:00 P.M. Beijing Time to discuss its financial results and operating performance for the fourth quarter and fiscal year 2023.

Tencent Music Entertainment Group Announces Fourth Quarter and Full-Year 2023 Unaudited Financial Results

Retrieved on: 
Tuesday, March 19, 2024
Atmos, Venus, Online, TME, Growth, H.10, RMB, Media, Music, Light, Internet of things, Universal Music Group, Economic development, Dolby Atmos, American depositary receipt, ADS, Translation, Bank statement, Advertising, Investment, Maus, Tourism, QQ Music, USD, Marketing, Video game

For example, we renewed multi-year strategic cooperation with Universal Music Group to provide users with ongoing access to its world-class music catalog with expanded privileges.

Key Points: 
  • For example, we renewed multi-year strategic cooperation with Universal Music Group to provide users with ongoing access to its world-class music catalog with expanded privileges.
  • Capitalized on rising live music opportunities by hosting a growing number of offline music events in multi-faceted performance formats in 2023.
  • Effective tax rate for the fourth quarter of 2023 was 17.3% compared to 12.2% in the same period of 2022.
  • [2] Starting from the first quarter of 2023, online music MAUs include unique mobile and certain IoT devices.

OneConnect Announces Fourth Quarter and Full Year Unaudited Financial Results

Retrieved on: 
Monday, March 18, 2024
OneConnect Financial Technology, KPMG, Growth, RMB, Disposal, Research, IDC, AI, ADS, Information and communications technology, Architecture, PAOB

SHENZHEN, China, March 18, 2024 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd. ("OneConnect" or the "Company") (NYSE: OCFT and HKEX: 6638), a leading technology-as-a-service provider for financial services industry in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • In December 2022, the Company effected an ADS ratio change to
    for all periods presented in this press release.
  • OneConnect is committed to upgrading and transforming the financial industry with technology innovations, focusing on serving premium-plus customers and products optimization to meet financial institutions' core demands to improve operational efficiency.
  • Mr. Yongtao Luo, Chief Financial Officer, commented, "I am pleased to share that our efforts to manage costs and drive operational efficiencies have yielded significant results, demonstrating promising path to profitability.
  • This not only demonstrates our commitment to financial health but also indicates a positive trajectory towards profitability.

Baidu, Inc. Files Its Annual Report on Form 20-F

Retrieved on: 
Monday, March 18, 2024
Annual report, Republic, RMB, BIDU, Form, Stock exchange, AI, Security (finance), ADS, Bank statement, HKEX, HKD, Cryptocurrency

The Form 20-F can be accessed on the Company's investor relations website at https://ir.baidu.com .

Key Points: 
  • The Form 20-F can be accessed on the Company's investor relations website at https://ir.baidu.com .
  • The Company will provide a hard copy of the Form 20-F containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request.
  • The Company also published an annual report for the year ended December 31, 2023 (the "Hong Kong Annual Report") on March 15, 2024 pursuant to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "HKEx").
  • The Hong Kong Annual Report contains substantially the same information as set forth in the Form 20-F and can be accessed on the Company's investor relations website at https://ir.baidu.com as well as the HKEx's website at http://www.hkexnews.hk .

E-commerce data service company "EchoTik" has secured tens of millions of RMB from angel financing, aims to be International Business Advisor

Retrieved on: 
Monday, March 18, 2024
PR, Logic, Software as a service, Business, Growth, RMB, Data analysis, AGI, Internet, Research, GMV, Collection, Ali Baba, Online shopping

BEIJING, March 18, 2024 /PRNewswire/ -- EchoTik, an independent TikTok third-party data service company ( https://echotik.live ) has completed an angel round of financing worth tens of millions of RMB.

Key Points: 
  • BEIJING, March 18, 2024 /PRNewswire/ -- EchoTik, an independent TikTok third-party data service company ( https://echotik.live ) has completed an angel round of financing worth tens of millions of RMB.
  • Founded in August 2022, EchoTik is a company engaged in the development of SaaS for overseas markets, providing data tools and decision-making advice.
  • This includes, but is not limited to, real-time e-commerce data monitoring, industry and category data research, traffic and sales data analysis, and trend visualization.
  • They are more than capable of fulfilling data technology needs and providing precise positioning and effective suggestions for e-commerce sellers and traffic influencers.

Datasea to Drive Growth in its Acoustic Business via Product Upgrades and U.S. Market Entry

Retrieved on: 
Tuesday, March 12, 2024
Cloud, Development, RMB, White paper, Sterilization, RNA, Information technology, Acoustics, Welding, Virus, City, Research report, Infection, Intelligence, Ministry, Cloud computing, Ultrasound, Artificial intelligence, Medical imaging

This includes entering into agreements with new global manufacturing partners with specialized production facilities, and finalizing upgrades of several key acoustic disinfection products.

Key Points: 
  • This includes entering into agreements with new global manufacturing partners with specialized production facilities, and finalizing upgrades of several key acoustic disinfection products.
  • Ms. Zhixin Liu, CEO of Datasea, commented, "We believe that the introduction of upgraded acoustic disinfection products and their rapid market deployment will play a significant role in driving our financial performance in the periods ahead.
  • Datasea is a global initiator, promoter, and practitioner of acoustic concepts and is one of the pioneers in introducing the concept of acoustic effects globally.
  • In addition, the Company is actively expanding into fields with broad market prospects such as sound industry and sound agriculture.

Zhongchao Inc. Announces Successful Medication Assistance Services for Over 7,000 SLE Patients with Approximately 130,000 Units of Medications

Retrieved on: 
Tuesday, March 12, 2024
Lupus, RMB, Patient, Pharmacy, Zhongxin, Hospital, Cancer, Research group, SLE, Medical journal, Pharmaceutical industry

Zhongxin offered Titazepam and Belimumab, medications used for SLE treatments, to qualified low-income SLE patients for free through its patient aid projects.

Key Points: 
  • Zhongxin offered Titazepam and Belimumab, medications used for SLE treatments, to qualified low-income SLE patients for free through its patient aid projects.
  • Leveraging its self-developed technical service platform, Zhongxin facilitated connections among hospitals, pharmacies, corporations, and non-profit organizations, providing SLE patients with medication assistance, disease follow-ups, medication management, and health education services, helping patients maintain adherence to long-term treatments.
  • Over the course of the patient aid projects, Zhongxin has coordinated with pharmacies and distributed approximately 130,000 units of medication to SLE patients, alleviating the financial burden for over 7,000 SLE patients.
  • However, approximately 49.45% of Chinese SLE patients are unemployed with unstable income, and approximately 91.15% of SLE patients consider that their current treatment imposes financial burdens.