atulpmrMay 16, 2021 1
Online to offline commerce is a business model that draws potential customers from online channels to physical store. Over the years, this idea has evolved with the evolution of e-commerce industry. Currently, e-commerce companies are highly investing in online to offline marketing strategy, in order to reap the benefits of Omni channel strategy which was designed to enhance customer experience. Few of the e-commerce companies having both online presence and offline presence are using two different channel as a complement to each other. The idea behind online to offline e-commerce model is to create awareness of product and services, allow potential customers to search different offering online and then purchase the product in brick and mortar stores. The online to offline e-commerce have attained new heights in the recent past with e-commerce companies making their presence in hyper-local service category, online booking of movie and passenger tickets, and
Alibaba Slips To Loss In Q4
BEIJING (dpa-AFX) - Alibaba Group Holding Limited (BABA) reported that its fourth-quarter net loss attributable to ordinary shareholders was RMB5.48 billion or US$836 million, compared to net income of RMB3.16 billion in the same quarter of 2020 primarily due to the Anti-monopoly Fine in the amount of US$2.78 billion, partly offset by the year-over-year decrease in net loss arising from the fair value changes of investments in the quarter ended March 31, 2021.
Loss per ADS was RMB1.99 or US$0.30 compared to earnings per ADS of RMB1.16 in the prior year.
Excluding the Anti-monopoly Fine, share-based compensation expense, revaluation and disposal gains/losses of investments, impairment of investments and intangible assets and certain other items, non-GAAP earnings per ADS for the quarter was RMB10.32 or US$1.58, an increase of 12% from the prior year.
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BEIJING, May 10, 2021 /PRNewswire/ Cloopen Group Holding Limited ( Cloopen or the Company ) (NYSE: RAAS), a leading multi-capability cloud-based communications solution provider in China, today announced that it has filed its annual report on Form 20-F that includes its audited financial statements for the fiscal year ended December 31, 2020 with the Securities and Exchange Commission (the SEC ) on May 10, 2021, U. S. Eastern Time.
The annual report can be accessed on Cloopen s investor relations website at https://ir.yuntongxun.com and on the SEC s website at www.sec.gov. The Company will also provide a hard copy of the annual report containing its audited consolidated financial statements, free of charge, to its shareholders and American Depositary Share holders upon request.
MINISO Will Report March Quarter 2021 Financial Results on May 19, 2021
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GUANGZHOU, China, May 11, 2021 /PRNewswire/ MINISO Group Holding Limited (NYSE: MNSO) ( MINISO or the Company ), a fast-growing global value retailer offering a variety of design-led lifestyle products, today announced that it plans to release its March quarter 2021 financial results before the U.S. market opens on Wednesday, May 19, 2021.
The Company s management will hold an earnings conference call at 8:00 A.M. Eastern Time on Wednesday, May 19, 2021 (8:00 P.M. Beijing Time on the same day) to discuss the financial results. Listeners may access the call by dialing the following numbers:
China Is Next Frontier in SaaS Revolution
NetworkNewsWire Editorial Coverage
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NEW YORK, May 5, 2021 /PRNewswire/ Software-as-a-service (SaaS) in China is one of the fastest-growing industries in the world, and with the sector poised to double over the next few years, the boom has just begun. Cloud infrastructure spending in China increased from about USD $107 billion in 2019 to $142 billion in 2020, surging more than 32% in the last quarter of the year. China s accelerating cloud migration is driven by long-term structural trends in the digitalization of the country s economy plus increased business acceptance of cloud and SaaS solutions, all indicative of massive sector growth. These drivers, among others, are propelling the market higher as ever more companies shift to cloud-based infrastructure to reduce costs and increase revenue as well as enhance customer service and satisfaction. The process is also spawning a fusion of SaaS and custo