Kuaishou’s revenue in the first three quarters was 91.514 billion yuan, and its profit during the period was 11.37 billion yuan

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Kuaishou’s revenue On November 20, Kuaishou Technology releas its performance. Announcement for the three and nine months ending September 30, 2024. In the third quarter, Kuaishou Technology’s revenue was 31.131 billion yuan. A year-on-year increase of 11.4%; gross profit was 16.914 billion yuan, a year-on-year increase of 17.0%; operating profit was 3.119 billion yuan, a…

Amer Sports’ revenue in Greater China grew 56% year-on-year in the third quarter

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Last year, Pinduoduo establish an AI big model Amer Sports’ revenue team of dozens of people to explore the application of AI big models in scenarios such as customer service and dialogue, and will expand it to its cross-border e-commerce platform TEMU’s intelligent customer service, search, recommendation and other business scenarios. The combination of e-commerce…

JD’s new business segments, including overseas business

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Dada, JD Industrial Development, and Jingxi, achiev revenue of 4.97 billion yuan during the reporting period, a year-on-year decline of 25.7%. Therefore, JD.com focuses more on its second JD’s new business segments core business segment, JD Logistics. In the third quarter of 2024, JD Logistics’ revenue increas to 44.4 billion yuan, a year-on-year increase of…

However, it is also obvious from this year’s

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However, it is also obvious  Double 11 that even GMV is not growing as fast as in the past. Even Alibaba’s Double 11 report this year us “brand transaction volume” instead of overall GMV, highlighting only partial information. In addition, there is also the squeeze from live streaming platforms such as Douyin, Kuaishou, and Xiaohongshu,…

It is hard to be at peace if you don’t lie down

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It is hard to be at peace After major Internet companies gradually achiev interconnection, Jiang Fan recently took over Taobao again. This move means Alibaba’s recognition of this young man and also reveals its determination to turn around the core e-commerce business. As major Internet companies such as Alibaba JDcom, and Pinduoduo have releas their…

Haidilao Tehai International’s third-quarter revenue increased 14.6% year-on-year

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Haidilao Tehai International’s third On November 25, Haidilao’s overseas business entity, Tehai International Holdings Co., Ltd., releas its unaudit third-quarter 2024 financial report. In the third quarter of this year, Tehai International’s revenue reach US$198.6 million, a year-on-year increase of 14.6%. In addition, the restaurant’s operating profit margin also increas significantly to 7.5%, up from…

Descente’s revenue grew 7% in the first half of the year, driven by strong performance in China

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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…

Chow Tai Fook’s revenue fell 20.4% in the first half of the year, and 239 stores were closed in mainland China

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On November 26, Chow Tai Fook announc its interim results for the six months ending September 30, 2024. During the period, the Group’s turnover was HK$39.408 billion, a year-on-year decrease of 20.4%; profit attributable to shareholders was HK$2.53 billion, a year-on-year decrease of 44.4%. Among them, the sales revenue of Chow Tai Fook’s gold jewelry and products fell by 21.6% year-on-year,…