JD REVENUE
Nike stock plunges as gloomy sales forecast fans growth concerns
Nike faces stock woes and market challenges, prompting a potential shift in leadership under CEO John Donahoe's digital-focused strategy. The company's strategic pivots towards sustainability and product revamps aim to counter market pressures, signaling a critical phase for Nike's future direction and management dynamics.
Chinese ecommerce giants face delicate balance between discounts, profit
Alibaba's earnings reports are crucial indicators for China's consumer sentiment, influenced by competition from Pinduoduo and Douyin. The demand for discounts affects revenue and profit margins, posing challenges for selling premium products.
Discovery of India by Indians is an exciting opportunity: Hyatt CEO Mark Hoplamazian
Hyatt Hotels' CEO Mark Hoplamazian is optimistic about India's hospitality market, noting the country's discovery by Indian travelers. With 48 hotels in India and plans for 50 more, including in Goa and Bengaluru, Hyatt aims to tap into India's growing leisure and spiritual travel sectors. Hoplamazian sees potential in brands like JdV and Unbound Collection. Despite global challenges, Hyatt's focus on high-end travelers and wellbeing services has led to record earnings and a robust pipeline, with India playing a key role in its growth strategy.
Chinese retailer JD beats quarterly revenue estimates as heavy discounts buoy demand
China's shaky economic growth, high youth unemployment and lower wages for office workers have led to consumers tightening their purse strings, driving retailers like JD.com to employ heavy discounts to support sales.
No issues over alliance and seat-sharing with BJP for Lok Sabha polls: JD(S) leader Kumaraswamy
Karnataka JD(S) President H D Kumaraswamy expressed confidence in the alliance with BJP, affirming no issues regarding seat sharing for the upcoming Lok Sabha elections. He hinted at the possibility of his brother-in-law, Dr. C N Manjunath, a renowned cardiac surgeon, contesting the polls but clarified that no decision has been made yet. Kumaraswamy and his son met Union Home Minister Amit Shah to discuss seat allocation.
Birkenstock Q4 Results: Company beats revenue expectations on strong demand
Birkenstock beat analysts' expectations for fourth-quarter sales and forecast annual revenue above estimates on Thursday, in the German luxury sandal maker's first results since going public, betting on higher pricing and strong demand.
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China's JD posts higher Q3 profit as supply snarls ease, revenue misses estimates
The company has seen challenges in China's rapidly changing ecommerce landscape, with the joining of livestream players and short video social networking service providers such as Douyin, which is China's TikTok, and Xiaohongshu.
JD shares hit record low, banks cut Q3 growth target on retail slowdown
JD, which is listed in Hong Kong and the United States, is expected to report quarterly financial data in mid-November following China's main online shopping festival, Singles' Day.
JD.com shares fall 13%, hits record low; banks cut Q3 growth target on retail slowdown
JD.com, which is listed in Hong Kong and the United States, is expected to report quarterly financial data in mid-November following China's main online shopping festival, Singles' Day.
Pinduoduo-owner PDD beats second-quarter revenue expectations, shares jump
Ecommerce platforms in China have been offering discounts and subsidies to lure shoppers in an uncertain economy. The focus on low-cost products has helped Chinese firms such as JD.Com and Alibaba Group to report better-than-expected quarterly revenue earlier this month.
Nike vs Adidas: Soccer World Cup sponsors gear up for England, Spain finale
Sports sponsorship is a significant driver of sales for apparel manufacturers, hence England and Spain's success in the Women's World Cup final on Sunday will impact the winning team's sponsor – either Nike or Adidas. Jersey sales for 2019's Women's World Cup were four times higher than for the 2015 event.
China's JD.com beats revenue estimates on sales of lower-priced goods
JD.com saw increased traffic on the back of purchases ahead of the holiday season and as people attending offices and social functions continued to upgrade their wardrobes.
S&P 500 leaps to highest close in 14 months; traders bet US rates near peak
The S&P 500 and Nasdaq indexes reached their highest in 14 months as economic data eased concerns about inflation, increasing bets that the U.S. Federal Reserve is nearing the end of its aggressive interest-rate hike campaign. This helped offset worries about future rate hikes and boosted companies like Apple and Microsoft, which both reached record highs. Traders believe there is a 67% chance of a 25-basis point rate hike in July, followed by a potential rate cut by December. All 11 S&P 500 sector indexes rose, and the Dow Jones Industrial Average also increased.
China’s JD.com promotes finance chief to CEO role as Xu Lei resigns
Xu Lei, who has officially been CEO for a year, said on a call with analysts after the company reported first quarter earnings that he had resigned to spend more time with his family.
Right-wing video site Rumble grows, as does its misinformation
Its monthly active user base rose to 80 million at the end of December, more than double the year-earlier figure, the company said on Thursday.
China's JD. com to spin off industrial, property units in $1 billion Hong Kong floats
In a filing on Thurday, JD.com said it would continue to hold a stake of more than 50% in the units, JD Industrials and JD Property, upon completion of the proposed spin-off.
Tencent resumes growth, posts $21.9 billion revenue in December quarter
Tencent Holdings Ltd.’s revenue inched up after two quarters of contractions, fueling hopes that Beijing will again allow the world’s largest internet arena to thrive.
China's JD.com reports higher fourth-quarter adjusted profit
Revenue rose 7.1% to 295.4 billion yuan in the three months ended December, missing analysts' estimates of 296.17 billion yuan, according to Refinitiv data.
Alibaba beats quarterly revenue estimates as Covid-19 curbs ease
Revenue rose 2% to 247.76 billion yuan ($35.92 billion) for its fiscal third quarter to December 31, compared with a Refinitiv consensus estimate of 245.18 billion yuan drawn from 23 analysts.
Next 2 years should see L&T doubling defence order book: JD Patil
"Companies like L&T have been very committed to nation building and that is where you do not want to make the same kind of money the foreigner wants to make. We deliver it at a reasonable kind of earnings and of course give it to the government at a very differentiated kind of a price, a very differentiated level of performance. "
China's JD.com to shut ecommerce sites in Indonesia, Thailand
JD.com will end its services in Thailand on March 3 and in Indonesia from the end of the same month, its local websites showed. Both units will stop taking orders on February 15.
China's JD.com to shut e-commerce sites in Indonesia, Thailand
JD.com will end its services in Thailand from March 3 and in Indonesia from the end of the same month, its local websites showed. Both units will stop taking orders on Feb. 15.
Tencent Q3 Results: Revenue down 2% year on year to $19 bn
Tencent said domestic video games in particular saw a 7 percent decrease in the three months ending September 30, "as transitional industry challenges resulted in lower paying user counts".
Tencent Q3 Results: Revenue down 2% year on year to $19 bn
The Hong Kong-listed company, which is the world's top video game maker and the owner of popular super-app WeChat, posted revenues of 140 billion yuan ($19 billion) in the third quarter, according to a stock exchange filing.
Nitish's Cabinet expansion: RJD gets more berths but JD(U) keeps key ministries. Key takeaways
The new Cabinet has a sizeable number of Yadavs and Muslims, though members of other sections of the society have also been included in the new Cabinet.
Alibaba beats revenue estimates on demand for niche China shopping services
Alibaba's revenues rose 9% to $30.35 billion in the quarter.
PHDCCI calls for 3-tier GST, capping highest slab at 18%
This rationalisation of rates will increase consumption and tax revenue, reduce compliances, reduce tax evasion and help to make GST as good and simple tax, as simplified tax regime is the need of hour to reduce litigation pertaining to tax matters.
Net tax revenues rise 5 pc in FY21: Financial Minister Nirmala Sitharaman
In a written reply to the Lok Sabha, Sitharaman said the government has taken many steps to boost both direct and indirect tax revenue collection, through curbing tax evasion, widening/deepening tax base, promoting voluntary compliance, reducing litigation and promoting digital transactions.
China's JD.com cashes in on steady online demand, beats expectations
JD.com raked in 110 million new active customer accounts during the year while Jack Ma's Alibaba added about 68 million active buyers in the same period, even as China looked to crack down on its big tech firms.
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