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Chinese company JD.com, which sells on the Internet, following the results of 9 months to September, reported a net profit growth by 2.2 times compared with the same period a year earlier to 2 billion 76 million yuan. Net revenue was 327 billion 187 million yuan, up 30% over the year. The company also reported its quarterly results. In the third quarter, its net profit increased 2.9 times in annual terms to 2 billion 876 million dollars. Revenues reached 104 billion 700 million yuan, its growth was 25%. JD.com CFO Sidney Huang noted that good financial results were achieved by improving customer service and investing in leading technologies.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
The dollar firmed on Thursday as a decline in Chinese retail sales worried investors, while the rest of the market anticipates the EU summit this weekend. The euro was down 0.1% to $1.1401, while the dollar stood at 106.95 on the yen. The ...
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