Earnings

ATRenew Posts Record Profit in Q3 2024 as Diversification and Self-operated Retailing Drive Growth

ATRenew, a leading platform for pre-owned consumer electronics transactions and services, announced its Q3 2024 financial results, showcasing robust growth and operational milestones.

ATRenew Extends Quarterly Profit Streak as Diversification Push Gains Stream

Chinese electronics recycling and trading major ATRenew on Monday extended its quarterly profit for the seventh straight quarter. Its first-quarter revenue grew up 27.1 percent to 3.65 billion yuan, meeting the top end of its guidance.

ATRenew Posts Record Profit as Quality Control Automation Push Drives Efficiency

ATRenew, the operator of China’s top consumer electronics transactions and services platform, on Tuesday delivered a three-month profit record, in which it posted $11.5 million in adjusted operating profit for the fourth quarter, a new quarterly record.

OpenSea Adds Feature to Allocate Earnings to Multiple Creators

OpenSea, a Web3 marketplace for NFTs and crypto collectibles, tweeted on July 28 that multiple creators can now receive earnings from a single OpenSea listing, and now projects that want to donate, or that have more than one creator, can split their fees.

Chinese Electric Vehicle Maker Xpeng Narrows Loss in Q4, Will Launch Second Sedan in June

Chinese electric vehicle (EV) startup Xpeng reported better-than-expected fourth-quarter 2020 revenues on Monday and said it will launch a second sedan model before the end of June this year.

JD.com’s 618 Promotions Drive Strong Earnings in Q2, Hillhouse Makes Investment in Health Division

China’s e-commerce and supply chain company JD.com Monday posted strong earnings results for the second quarter of 2020 with net revenues in the three months ended June rising 33.8% to 201.05 billion yuan ($28.5 billion).

Tencent’s Q4 net profit rose 105 percent year-over-year, gaming accounted for 37 percent

This is the lowest proportion of game business in total revenue. On March 21, Tencent released its unaudited fourth-quarter comprehensive performance and audited annual comprehensive results as of Dec. 31, 2017.

Baidu 2017 Q4 Earnings Up 29 percent

Baidu has released their Q4 2017 financial report and unaudited 2017 annual financial report. In Q4, Baidu earned RMB 23.6 billion ($3.62 billion), up 29 percent year-over-year.

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