JST Group shows there’s still growth potential in China’s tough e-commerce market
The country’s largest provider of ERP software as a service for e-commerce has filed a second time to list in Hong Kong, reporting its revenue grew more than 30% last…
FAST NEWS: Xuan Wu Cloud’s loss widens on stiff competition
The latest: Customer relationship management (CRM) services provider Xuan Wu Cloud Technology Holdings Ltd. (2392.HK) said on Wednesday it expects to report a net loss of 63 million yuan ($8.8 million)…
FAST NEWS: ClouDr Group reports first quarterly profit
The latest: Digital healthcare platform ClouDr Group Ltd. (9955.HK) announced Sunday that it expects to report its first ever quarterly profit for last year’s fourth quarter. Looking up: The company’s move…
FAST NEWS: Weimob cancels spinoff plan after shareholder feedback
The latest: E-commerce services provider Weimob Inc. (2013.HK) announced Sunday that it has decided not to proceed with a plan to transfer more than half of its stake in its digital marketing…
FAST NEWS: Baozun posts positive cash flow, but operating loss widens
The latest: Baozun Inc. (BZ.US; 9991.HK) on Wednesday announced it recorded a net loss of 126 million yuan ($17.8 million) in the third quarter, narrowing 25.4% from a 169 million…
FAST NEWS: JPMorgan cuts its Weimob holdings
The latest: U.S. banking giant JPMorgan disclosed it sold 3.94 million shares of e-commerce services provider Weimob Inc. (2013.HK) on Nov. 1, lower its stake from 6.01% to 5.87%, according to a…
Kingdee transition still ongoing as cloud unit casts shadow on profits
China’s biggest corporate software maker is scaling back its enterprise resource planning (ERP) business, but costs for its newer cloud unit are still nearly one-third of revenue Key Takeaways: Kingdee’s…
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