Descente’s revenue grew 7% in the first half of the year, driven by strong performance in China
On November 26, Japan’s Descente Group announc Descente’s revenue grew 7% its first-half results ending September 30, with revenue of 62.8 billion yen (about 2.94 billion yuan), a year-on-year increase of 7%, and net profit of 6.24 billion yen (about 294 million yuan), a year-on-year increase of 10%.
The improvement in performance was mainly due to the depreciation of the Japanese yen and the strong performance of the DESCENTE and UMBRO brands in the global market. In particular, the DESCENTE brand has become more influential in the Chinese market, becoming the key to driving the group’s performance growth.
Data shows that in 2023
The Chinese market contribut more than 5 billion yuan in revenue to Descente, with a growth rate ahead of the Japanese and Korean markets.
However, JD Logistics’ revenue vp design officers email lists growth rate show a clear slowdown.
Pinduoduo achiev total revenue of 99.3544 billion yuan in the third quarter of 2024, a year-on-year increase of 44%; net profit attributable to Pinduoduo’s ordinary shareholders was 24.9807 billion yuan, a year-on-year increase of 61%.
Although the performance is still growing rapidly, Pinduoduo’s profit in the third quarter fell by 22% month-on-month. This is because Pinduoduo’s cost investment has increas . In the third quarter of 2024, Pinduoduo’s total revenue cost was 39.7092 billion yuan, a year-on-year increase of 48% and a month-on-month increase of 17.84%. This is mainly due to the increase in fulfillment fees and payment processing fees.
At the same time
Pinduoduo’s total operating expenses also Descente’s revenue grew 7% increas by 39% to 35.3527 billion yuan compar with the same period in 2023, a month-on-month increase of 14.79%, and this increase was mainly due to increas investment in sales and marketing expenses.
The above measures are what Pinduoduo sales and marketing professionals has to do. Zhao Jiazhen, executive director and co-CEO of Pinduoduo Group, point out that in order to maintain the competitiveness of the same products, Pinduoduo has to pay a huge cost far exce ing that of its peers, which will inevitably affect the current and future profitability.
In short, the growth rates of “Cat, Dog and Pin” are all slowing down
An each is exploring new opportunities while mobile lead maintaining its initial advantages. Among them, Taotian has abundant products and has the long-term advantage of repeat purchases of low-frequency long-tail products. JD Descente’s revenue grew 7% com has a better experience and faster fulfillment of contracts, which is a long-term advantage. Pinduoduo maintains low prices and increases repeat purchases, which is a long-term advantage. Their main business base is relatively stable, and they are constantly testing each other’s boundaries.
