Luckin Coffee Finds $300M in Revenue Fraud
Luckin Coffee announced Wednesday that an internal investigation of its financial misconduct found the company inflated its 2019 net revenue by approximately 2.12 billion yuan ($300 million).
Tag: #revenue
Showing 12 of 58 posts with this tag
Alibaba's Financial Report - Best Fiscal Year with $39.3 Billion in Revenue
Alibaba's financial report for the past quarter (January 1 to March 31, 2018), and for the fiscal year of 2018 has just been published by Alibaba Group Holding ...
ByteDance Annual Revenue in 2021 Is About $58 Billion USD, Y-o-Y Increase of 70%
The total revenue of TikTok's parent company, ByteDance, increased by 70% year-on-year in 2021 to about $58 billion, a slower growth rate than a year ago.
XPeng Reports $0.96B Q3 Revenue, US Stock Price up 6.53%
XPeng, a leading Chinese electric vehicle company, on November 30 announced its unaudited financial results for the third quarter of 2022. Its total revenues were 6.82 billion yuan ($0.96 billion) for the third quarter, representing a year-on-year increase of 19.3%.
11/30/20223 min read
IoT Platform Firm Tuya Completes Hong Kong IPO
Tuya Smart, an IoT development platform provider, was officially listed on July 5 to the main board of the Hong Kong Stock Exchange by way of a dual listing, under stock code "2391."
Li Ziqi's YouTube Channel Reportedly Gains $114,195 in Average Monthly Advertising Revenue after Ceasing Updates
While some Bilibili content creators have stopped updating their videos due to lack of profit and motivation, Li Ziqi, a Chinese video blogger, entrepreneur, and internet celebrity with 17.4 million subscribers on YouTube, continues to earn profits from her channel despite not posting new content since July 2021.
JD.com Beats Forecast with 22% Increase in Revenue
JD.com, China’s leading technology driven e-commerce company and retail infrastructure service provider, announced its financial results for the forth quarter and full year of 2018.
3/1/20193 min read
Lvtong Technology's Main Overseas Revenue Comes from the US
On April 12th, Lvtong Technology stated on the interactive platform that the company's overseas revenue mainly comes from the United States.
iQiyi's Q3 Revenue Reaches $1.2 Billion, Net Loss Reaches $268.4 Million
iQiyi, an online video platform in China, announced its unaudited financial results for the third quarter on Wednesday. The financial report shows that the total revenue of iQiyi in the third quarter was 7.6 billion yuan ($1.2 billion).
11/17/20212 min read
JD.com Stock Drops 6% After Failing to Meet Q2 Earning Expectations
JD.com Inc, China's second largest e-commerce platform, reported a 31.2 percent rise in its second-quarter revenue on Thursday, falling short of analysts' estim...
Nayuki's 2021 Adjusted Net Loss Between $672M to $678M
Chinese bubble tea chain Nayuki announced on Tuesday that it is expected to earn about 4.28 billion ($672 million) to 4.32 billion yuan in revenue and about 135 million to 165 million yuan in adjusted net losses (non-IFRS measure) in 2021.
2/8/20222 min read
Lenovo's Revenue Growth Exceeds 100 Billion Yuan in 3 Years
On April 6th, Lenovo Group's 2023/24 fiscal year kick-off meeting was held in Beijing. Yang Yuanqing, Chairman and CEO of Lenovo, stated that over the past three years, the company's revenue has increased from ¥ 350 billion to ¥ 460 billion.