RMB

Luckin Coffee Inc. Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Friday, February 23, 2024
RMB, ADS, Depreciation, Investment, Marketing, OTC, Growth, Advertising, GAAP, Research, Stock, Partnership, Video game

BEIJING, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Luckin Coffee Inc. (“Luckin Coffee” or the “Company”) (OTC: LKNCY) today announced its unaudited financial results for the three months ended December 31, 2023 and fiscal year 2023.

Key Points: 
  • Total net revenues in the fourth quarter were RMB7,065.0 million (US$995.1 million), representing an increase of 91.2% from RMB3,695.0 million in the same quarter of 2022.
  • Average monthly transacting customers in the fourth quarter were 62.4 million, representing an increase of 154.2% from 24.6 million in the same quarter of 2022.
  • Same-store sales growth for self-operated stores in the fourth quarter was 13.5%, compared to 9.2% in the same quarter of 2022.
  • Revenues from partnership stores in the fourth quarter were RMB1,763.8 million (US$248.4 million), representing an increase of 109.1% from RMB843.4 million in the same quarter of 2022.

JD.com to Report Fourth Quarter and Full Year 2023 Financial Results on March 6, 2024

Retrieved on: 
Thursday, February 22, 2024
HKEX, Eastern Time Zone, HKD, Password, RMB, ID, PIN, JD.com, JD, Video game

BEIJING, Feb. 22, 2024 (GLOBE NEWSWIRE) -- JD.com, Inc. (NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter)), a leading supply chain-based technology and service provider, today announced that it plans to release its unaudited fourth quarter and full year 2023 financial results on Wednesday, March 6, 2024, before the U.S. market opens.

Key Points: 
  • BEIJING, Feb. 22, 2024 (GLOBE NEWSWIRE) -- JD.com, Inc. (NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter)), a leading supply chain-based technology and service provider, today announced that it plans to release its unaudited fourth quarter and full year 2023 financial results on Wednesday, March 6, 2024, before the U.S. market opens.
  • JD.com’s management will hold a conference call at 7:00 am, Eastern Time on March 6, 2024, (8:00 pm, Beijing/Hong Kong Time on March 6, 2024) to discuss the fourth quarter and full year 2023 financial results.
  • You will be automatically linked to the live call after completion of this process, unless required to provide the conference ID below due to regional restrictions.
  • A telephone replay will be available for one week until March 13, 2024.

Adenia Partners Announces Acquisition of the Courier Guy to Enhance Last-Mile Delivery Services in South Africa

Retrieved on: 
Friday, March 1, 2024
Finance, Packaging, Transport, Banking, Professional Services, Manufacturing, Delivery Services, Logistics, Supply Chain Management, Retail, Acquisition, RMB, DEG, PWC, EY, Growth, ESG, Courier, Optimism, CEP, Trust, Partner, Partnership

Adenia Partners (“Adenia”), a leading private equity firm focused on growth opportunities in Africa, has acquired 100% of The Courier Guy, a leader in last-mile delivery and express parcel (CEP) services in South Africa, alongside co-investors DEG, Proparco, and South Suez.

Key Points: 
  • Adenia Partners (“Adenia”), a leading private equity firm focused on growth opportunities in Africa, has acquired 100% of The Courier Guy, a leader in last-mile delivery and express parcel (CEP) services in South Africa, alongside co-investors DEG, Proparco, and South Suez.
  • This acquisition, made through Adenia Capital (V) LP, marks the second investment of Adenia’s fifth flagship fund, Adenia V, and demonstrates the firm’s commitment to the fast-evolving last-mile delivery landscape in South Africa.
  • The Courier Guy is South Africa’s leading courier service with an extensive network of delivery partners, kiosks, and more than 1,200 pudo smart lockers across the country.
  • It underscores our collective belief in the vast potential of the last-mile delivery sector in South Africa.

CNOOC Limited Announces A Hundred-Million-Ton Oilfield Discovery of Kaiping South in South China Sea

Retrieved on: 
Thursday, March 7, 2024
RMB, HKD, Natural gas, Growth, Perception, Climate change, Water, Insurance, CNOOC Limited, Audit

The Kaiping South Oilfield is located in the eastern South China Sea, with an average water depth of approximately 500 meters.

Key Points: 
  • The Kaiping South Oilfield is located in the eastern South China Sea, with an average water depth of approximately 500 meters.
  • Through continued exploration, the proved in-place volume of Kaiping South Oilfield has reached 102 million tons of oil equivalent.
  • The discovery fully demonstrates the broad prospects for exploration in deep-water South China Sea and further expands the resource base for the Company's high-quality development."
  • The Company remains committed to oil and gas resources exploration and development in the South China Sea, thereby continuously enhancing its energy supply capacity."

Full Truck Alliance Co. Ltd. Announces Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results

Retrieved on: 
Thursday, March 7, 2024
Acquisition, RMB, ADS, Marketing, Research, Maus, Investment, Share repurchase, Growth, Calendar, Form, Advertising, Translation, H.10, GAAP, Tax, FTA, Federal Reserve, Form 6-K, Beauty salon

GUIYANG, China, March 7, 2024 /PRNewswire/ -- Full Truck Alliance Co. Ltd. ("FTA" or the "Company") (NYSE: YMM), a leading digital freight platform, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023.

Key Points: 
  • GUIYANG, China, March 7, 2024 /PRNewswire/ -- Full Truck Alliance Co. Ltd. ("FTA" or the "Company") (NYSE: YMM), a leading digital freight platform, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023.
  • Fulfilled orders[2] in the fourth quarter of 2023 reached 45.8 million, an increase of 40.4% from 32.6 million in the same period of 2022.
  • Mr. Simon Cai, Chief Financial Officer of FTA, added, "We ended 2023 with strong fourth quarter revenue and profit growth in a disruptive external environment.
  • See "Use of Non-GAAP Financial Measures" and "Reconciliations of GAAP and Non-GAAP Results" at the end of this press release.

Yin Hejun: Building a Sci-tech Powerhouse, Supporting Young Talents

Retrieved on: 
Thursday, March 7, 2024
Minister, RMB, National People's Congress, Mental health, Ministry, Multimedia, Science and Technology Daily, Artificial intelligence, Research, Central China, Strategic planning, Dream, Central committee, State Council, Communist party, Next, C919, BeiDou, CPC, Creativity, Policy, MOST, Congress, Party, Corridor, Hoxhaism

In recent years, a batch of young sci-tech talents have been undertaking major sci-tech projects.

Key Points: 
  • In recent years, a batch of young sci-tech talents have been undertaking major sci-tech projects.
  • MOST is working tirelessly on the implementation, Yin said, citing measures such as boldly entrusting young people, enhancing their cultivation, and providing corresponding services and guarantees.
  • He pointed out that, 80 percent of the projects of the National Natural Science Foundation of China are undertaken by young talents under 45 years old.
  • Efforts will be made to enable young sci-tech talents to settle down to their research, and invigorate their creativity, so as to let them display their talents and fulfill their dreams in the great undertaking of building a sci-tech powerhouse, Yin concluded.

Latest Updates of Viva Biotech's Portfolio Companies

Retrieved on: 
Wednesday, March 6, 2024
Fabry disease, RMB, PD, Drug development, Strong, Ohio State University, RNA, Insight Partners, Pharmacology, American College, Radiopharmaceutical, VBI, Willebrand, RTW, Pattern hair loss, GMP, Stroke, Good manufacturing practice, Therapy, Skin, GCS, Atopic dermatitis, Safety, Pharmacokinetics, Von Willebrand factor, Investment, AstraZeneca, Innovation, Groundbreaking, Patient, ARCH Venture Partners, Pharmaceutical industry

NEWARK, Calif.-- AceLink Therapeutics, Inc., invested and incubated by Viva BioInnovator (VBI), is a clinical-stage biopharmaceutical company developing next generation oral substrate reduction therapies (SRTs). Recently they announced that the findings from their Phase 1 study of AL01211 in healthy volunteers have been published in the peer-reviewed journal Clinical Pharmacology in Drug Development, a journal of the American College of Clinical Pharmacy. AL01211 is a potent, oral, glucosylceramide synthase (GCS) inhibitor being developed for the treatment of Fabry disease and Type 1 Gaucher disease.

Key Points: 
  • This continuous innovation keeps companies up to date and promotes the evolution of R&D and the success of commercialization.
  • Recently, Viva Biotech's portfolio companies have new updates.
  • NEWARK, Calif.-- AceLink Therapeutics, Inc., invested and incubated by Viva BioInnovator (VBI), is a clinical-stage biopharmaceutical company developing next generation oral substrate reduction therapies (SRTs).
  • Previously, the company had completed a $5.4 million seed funding round, with investors including Rev1 Ventures, Broadview Ventures, and Viva Biotech.

Alibaba Releases Report on Cross-Border Trade's Positive Impact on the U.S. Economy

Retrieved on: 
Wednesday, March 6, 2024
RMB, HKD, Computer, Growth, Alibaba Group, Electronics, Sale, HKEX, Electron capture, GDP, Care, NDP, BABA, Employment, Gross domestic product, Online shopping

NEW YORK, March 6, 2024 /PRNewswire/ -- Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), "Alibaba" or "Alibaba Group")  recently announced findings from a new report highlighting Alibaba's positive impact on the U.S. economy and how its e-commerce platforms support U.S. businesses. The report reflects positive growth in both retail sales and employment numbers in the U.S. resulting from the sale of American products to Chinese consumers through Alibaba's range of online marketplaces and platforms.

Key Points: 
  • New report quantifies the positive economic impacts of cross-border trade conducted by businesses leveraging Alibaba platforms, tools and solutions
    NEW YORK, March 6, 2024 /PRNewswire/ -- Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), "Alibaba" or "Alibaba Group")  recently announced findings from a new report highlighting Alibaba's positive impact on the U.S. economy and how its e-commerce platforms support U.S. businesses.
  • As such in 2022, $66.2 billion in sales from U.S. brands to Chinese consumers on Alibaba platforms helped to add $52.9 billion to the U.S.
  • Gross Domestic Product (GDP) and supported over 403,000 U.S. jobs, according to the report compiled by NDP Analytics and commissioned by Alibaba.
  • For more information on Alibaba and the report, please visit Alibabapowersbusinesses.com .

CLPS Incorporation Reports Financial Results for the First Half of Fiscal Year 2024

Retrieved on: 
Tuesday, March 5, 2024
Acquisition, RMB, Operating cost, Research, USD, Investment, Marketing, Growth, Talent, TCP, TDP, CLPS, Fiscal

HONG KONG, March 5, 2024 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS), today announced its unaudited financial results for the six months ended December 31, 2023, or the first half of the Company's fiscal year 2024.

Key Points: 
  • HONG KONG, March 5, 2024 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS), today announced its unaudited financial results for the six months ended December 31, 2023, or the first half of the Company's fiscal year 2024.
  • First Half of Fiscal 2024 Highlights (all results compared to the six months ended December 31, 2022)
    Revenue from the United States increased by 92.7% to $1.9 million from $1.0 million.
  • Ms. Rui Yang, Chief Financial Officer of CLPS, commented, "We have managed to achieve noteworthy financial results during this period.
  • Gross profit was $15.8 million in the first half of fiscal 2024, compared to $18.5 million in the prior year period.

Trip.com Group celebrates women in travel, supports causes and family-friendly policies for International Women's Day

Retrieved on: 
Tuesday, March 5, 2024
RMB, Breast cancer, Workplace, Pregnancy, Aid, Tourism, Female, Mentorship, Empowerment, Health, University, Glass, Drink, Patient, University of Oxford, Trip.com, Trip.com Group, Child, Workforce, Economics, Research, Cancer, Partnership

But we need faster and greater progress in elevating more women to decision-making roles and providing equal opportunities," says Ms Jane Sun, CEO of Trip.com Group.

Key Points: 
  • But we need faster and greater progress in elevating more women to decision-making roles and providing equal opportunities," says Ms Jane Sun, CEO of Trip.com Group.
  • What does a young millennial bring to her role as a general manager of an established hotel group?
  • These are some of the stories featured in Women in Travel: Discover Her Journey, an e-magazine to be published by Trip.com Group this March.
  • This March, Trip.com Group carries on its commitment to empowering women in the workplace through a range of partnerships and speaking events.