Xiaomi to Enter Japan on Dec. 9
Xiaomi, the world’s fourth-largest smartphone brand, will enter the Japanese market earlier than expected as it touts overseas markets as an important pillar of its growth.
Smartmi unveils new brand Jya to highlight design aesthetics
Smartmi, a company within Xiaomi’s ecosystem, unveiled its new brand Jya, a homophone for “home” in Chinese, in Beijing on November 26 2019. Products released at the conference included a convection space heater, a desktop air purifier, an air circulator fan and a lamp. The brand later put on a...
Revenue of JD.com grew by 28.7% YOY for Q3 2019
Revenue of JD.com posted 134.8 billion Yuan for Q3 2019, up by 28.7% year-on-year, higher than the expected 128.4 billion Yuan, and net profit 3.1 billion Yuan, up by a whopping 160.6% year-on-year, EPS of JD ADS 2.08 Yuan, more than the expected 1.22 Yuan, according to the Q3 report of the company ...
Read More →Pinduoduo suffered a net loss of 2.335 billion Yuan for Q3 2019
Revenue of Pinduoduo posted 7.514 billion Yuan for Q3 2019, up by 123% year-on-year, net loss 2.335 billion Yuan, up by 112% compared to the 1.098 billion Yuan of last year, according to the company’s Q3 report released on November 20 2019. The combined revenue for the past 9 months posted 19.349...
Read More →Revenue of Alibaba grew by 40% for Q3 2019
Revenue of Alibaba for Q3 2019 posted 119.02 billion Yuan, up by 40% year-on-year, higher than the expected 116.69 billion Yuan, and profit before tax 37.1 billion Yuan, up by 39% year-on-year, according to Q3 report of the company released on November 1 2019.
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