On August 29th, PDD released its unaudited financial report for the second quarter ending on June 30, 2023. The net profit attributable to ordinary shareholders was $1.81 billion, a 47% increase compared to the same period last year.
NIO released its financial report for Q2,2023. During the performance conference call, William Li revealed that they plan to deliver the smartphone product in late September.
Leapmotor has released its performance report for the first half of this year after a price reduction in the second quarter.
ATRenew, the operator of China’s top consumer electronics transactions and services platform, on Wednesday set a new quarterly revenue record as it upped the ante in refurbishing gadgets while branching out into the recycling of other items.
On May 16, 2023, Huya Inc., a leading game live streaming platform in China, announced its 2023 Q1 financial results.
China Renaissance, a prominent player in China's tech industry, announced on April 3 that it would halt trading of its shares and postpone the release of its annual results.
Kuaishou, a Chinese short video platform, reported a 16.2% increase in total revenue last year to reach 94.2 billion yuan ($13 billion), up from 81.1 billion yuan in 2021. The company also significantly reduced its adjusted net loss from 18.9 billion yuan in 2021 to just 5.8 billion yuan last year.
Leading Chinese tech firm Tencent released its 2022 Q4 and full-year financial report on March 22.
On March 21, 2023, Huya Inc., a leading game live streaming platform in China, has released its 22Q4 and full year financial results, achieving steady quarterly and yearly user scales, with its 2022Q4 total net revenues in line with market consensus.
XPeng, a leading Chinese electric vehicle company, on November 30 announced its unaudited financial results for the third quarter of 2022. Its total revenues were 6.82 billion yuan ($0.96 billion) for the third quarter, representing a year-on-year increase of 19.3%.
PDD Holdings, the multinational commerce group that operates the Pinduoduo and Temu platforms, said that it’s unlikely to sustain current profitability with planned increases in technology investments amid intense industry competition.
Xiaomi released its financial report for the third quarter of 2022 on November 23. Its revenue in the period was 70.47 billion yuan ($9.87 billion), down 9.7% year-on-year. Net profits were -1.476 billion yuan, while adjusted net profits were 2.117 billion yuan, down 59.1% year-on-year.
Chinese tech and Internet giant Baidu announced on November 22 its unaudited financial results for the third quarter ended September 30, 2022, beating market consensus, with Baidu Core's non-GAAP operating profit increasing by 14% year over year.
On November 16, Tencent released its financial report for the third quarter of 2022, and announced its decision to distribute most of its shares in Meituan, which will be completed in March next year. Tencent President Martin Lau has resigned as a non-executive director of Meituan.
Many consumers in mainland China reported on the morning of November 16 that attempted money transfers were unsuccessful when using the mobile app of China Construction Bank, one of the country's "big four" banks, triggering extensive social media discussion.
China’s major game live streaming platform Huya Inc., has announced its third quarter 2022 financial results on November 15. Huya has recorded quarter-on-quarter growth in the total net revenues and net income, with the average mobile MAU of Huya Live increasing steadily to 86 million.
Adidas announced its financial results for the third quarter of 2022 on November 9. The firm's performance in Greater China, its former growth engine, continued to exhibit poor results.
Agora, a Nasdaq-listed real-time voice and video engagement service provider, is carrying out a business adjustment with the "optimized" proportion of personnel positions to be about 30%.
Chinese battery giant CATL disclosed its third-quarter financial report on October 21, showing its revenue reaching 97.4 billion yuan ($13.4 million) in the third quarter and 210.34 billion yuan ($29 million) in the first three quarters.
World-leading asset manager BlackRock launched a reduction in BYD H shares, bringing its shareholding ratio from 6.21% to 5.85%.