Focus on Online Collaborative and Cloud Office Strategy Solid Growth of Core Premium Games Kingsoft Corporation Limited (HKG:3888), a leading Chinese software and Internet service company, has announced its 2020 annual results and fourth-quarter results for the period ended 31 December 2020. For the year 2020, the revenue of Kingsoft increased 28% year-on-year to RMB5,594.2 million. Revenue from the online games and others and office software and services represented 60% and 40%, respectively, of the Company’s total revenue for the year 2020. Gross profit for the year 2020 increased 31% year-on-year to RMB4,677.0 million while operating profit increased 83% year-on-year…
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On March 23, Joy Spreader Technology. Ltd (HK: 06988) listed on the Hong Kong Stock Exchange announced that the Company has recently received undertaking letters from certain shareholders holding approximately 69.16% of the shares in aggregate, including the controlling shareholders of the Company. In view of their confidence in the long-term development prospect of the Company, the above shareholders voluntarily undertook that without the prior written consent of the Company, they will not dispose (including but not limited to sell or pledge) the shares of the Company beneficially, directly or indirectly, owned by them or their controlled entities for a…
By Accelerating New Drug Development and Employing New Online Platforms Sales of New Drugs Marketed over Past Three Years Double to RMB8.06 Billion Sino Biopharmaceutical Limited (“Sino Biopharmaceutical” or the “Company”, together with its subsidiaries, the “Group”) (HKEX:1177), a leading and innovation-driven pharmaceutical conglomerate in the PRC, has announced its audited annual results for the year ended 31 December 2020. During the year, the Group switched marketing and sales resources towards new products by capturing opportunities arising from industry policies and boosted product sales by leveraging new online platforms. These efforts have brought about bountiful harvest, driving revenue from products…
Taoping Inc. (NASDAQ: TAOP), a leading provider of internet-based smart display screens, and a new-media ecosystem enabling targeted advertising and online retail in Greater Bay Area, shares rose 10.76% to US$13.69 last Friday. Many have noticed the great potential on its new business division. The company is currently dedicating to the research and application of blockchain, which officially entered the market of digital asset and blockchain. Grasp Great Opportunities in Blockchain Technology With the raise of digital currency, more and more companies and institutions are adopting blockchain as a future-proof technology. The price of Bitcoin has recently crossed the record…
Three-Dimensional Development Sectors Actively Explore New Development Pathways Redsun Services Group Limited, a fast growing comprehensive community services provider focusing on the Yangtze River Delta, has announced its annual results for the year ended 31 December 2020 (“FY2020”). Under the three-dimensional development plan, which consists of property management services, value-added services to non-property owners and community value-added services, the Group has performed brilliantly as reflected by its first annual results since listing. FY2020 Highlights: The Group’s revenue was RMB767.9 million, representing an increase of 52.7% compared with FY2019. The Group’s revenue generated from its business lines are as follows: 1)…
The HKTDC Export Index rose a further 2.8 points to 39.0 in the first quarter of this year compared with the preceding quarter, the Hong Kong Trade Development Council (HKTDC) announced today. “Although the index has risen for four consecutive quarters, it remains in contractionary territory, suggesting a cautiously optimistic export outlook,” said HKTDC Director of Research Nicholas Kwan. “The city’s export performance will be affected by several uncertainties such as whether there is a revival in consumer and business confidence, and whether the economic stimulus packages implemented in major economies are effective.” Meanwhile, the resurgence of the COVID-19 pandemic…
Strictly Controlled Costs Profit After Tax Increased by 36.8% And Dividend Distribution Increased by 50% Actively Enhancing Production Capacity Aim to Add Additional 100,000 Tonnes of Steel Cord Production Capacity Shougang Concord Century Holdings Limited (“Shougang Century”, together with its subsidiaries, “the Group”; stock code: 0103.HK) is pleased to announce its audited annual results for the year ended 31 December 2020. During the year under review, the pandemic outbreak caused a halt to manufacturing industries in a number of countries, dealing a heavy blow to the global economy. Fortunately, the Chinese government responded to the pandemic quickly after the outbreak…
Following Elon Musk’s personal “endorsement” of Clubhouse, use of the international audio social apps exploded in China in February. During that time, a Clubhouse “invitation” code sold for nearly RMB1000 on a Chinese second-hand market platform. At the same time, Roblox, a social gaming platform, and Tiya, an audio-based social networking product, are becoming popular in overseas markets, along with Clubhouse. When Roblox listed on the New York Stock Exchange (NYSE: RBLX) on March 10, its closing price on the first day ended up by 54.4% increase. The company’s valuation had exceeded US$45 billion. Seizing on this opportunity, investors looked…
CropLife Asia marks World Water Day with a call for New Asian Agricultural Solutions New UNICEF Report notes Asia not immune from Water Vulnerability impacting Children As World Water Day is recognized in Asia and around the globe today, CropLife Asia is marking the occasion by calling for more intensive efforts and collaborative work to drive water conservation in regional agriculture. “There is no natural resource as precious as water, and how we work together to ensure it’s conservation will play a large part in determining the future for all of us,” said Dr. Siang Hee Tan, Executive Director of…
Zijin Mining Group Co., Ltd. (SSE:601899, SEHK:2899) is pleased to announce audited consolidated annual results for the Company and its subsidiaries (the “Group”) for the year ended 31 December 2020 (the “Period”). Group results for the period are summarized as follows: — Operating income of RMB 171.501 billion, an increase of 26.01% compared with 2019 (RMB 136.098 billion). — Profit before tax of RMB 10.846 billion, an increase of 55.51% compared with 2019 (RMB 6.974 billion). — Net profit attributable to owners of the company of RMB 6.509 billion, an increase of 51.93% compared with 2019 (RMB 4.284 billion). –…
Marks Another Milestone for Global Expansion China Dynamics (Holdings) Limited (HKG: 00476), a provider of new energy vehicles and technology integrated solutions, and W Motors Automotive Group Holding Limited (W Motors) have signed a Memorandum of Understanding (MOU) for strategic business cooperation, with the intention of forming a 30:70 joint venture (JV) in Dubai for the manufacture, assembly, sales and distribution of electric vehicles across the world. With the MOU, a JV under the name of LOKI (Low Emission Kinetic Energy), will set up a small series manufacturing facility in the United Arab Emirates for the assembly of bodies, interiors…
On March 19, the Chinese cinema hit ‘Hi, Mom’ started its screening in 17 countries and regions around the world, including the US, Canada, the UK, Spain, China’s special administrative regions of Hong Kong and Macau, New Zealand, Japan, South Korea, Singapore and Malaysia. Best known as a ‘hilarious tear-jerker’, ‘Hi, Mom’ is a time-travel comedy that tells the story of motherhood and family affection. According to information from Maoyan Entertainment, China’s leading platform providing innovative Internet-empowered entertainment services, the film was directed and starred by hugely popular Chinese comedian Jia Ling. Since its premiere on the Chinese mainland during…
The addition of the largest specialist medical imaging practice in Hong Kong to Black Spade’s investment portfolio highlights the family office’s bullish view on the healthcare sector Black Spade Capital Limited, the family office of the casino magnate Lawrence Ho, has announced the acquisition of iRad Medical Holding Limited (“iRad”), a Hong Kong-based diagnostic imaging practice. Following the acquisition, Black Spade Capital will be the majority shareholder of iRad. iRad currently operates four radiology clinics in prime locations across Hong Kong, including in Central, Jordan and Mongkok. Moreover, the practice has a workforce of close to 100 radiologists, radiographers, nurses…
Singapore-based transport disruptor Bussr has the attention of the global investment community for its vision to change the way the world moves from A to B, and for the abundance of talent at its table. Bussr’s vision springs from the trio of former Rocket Internet founder and CEO Hussein Abdelkarim, veteran technology consultant and co-founder I.M. Shousha, and former Microsoft Chief Architect, co-founder and CTO Ajay Bhandari. With people looking for better lives in our cities, the world’s urban population has grown 55% in the last 50 years, and now generates more than 80% of our global GDP. Central to…
MarTech takes advantage of new economic traffic to achieve a substantial increase in earnings in 2020 Joy Spreader Interactive Technology. Ltd (HKG:6988) is pleased to announce the audited consolidated results of the Company and its subsidiaries (Group) for the year ended December 31, 2020, with the comparative figures for the preceding financial year. RESULTS HIGHLIGHTS The revenue was HK$923.92 million, representing an increase of 71.73% as compared with that of last year. The profit for the year (excluding the impact of non-recurring profit or loss) was HK$220.69 million, representing an increase of 121.42% as compared with that of the year.…
During 10 years of philanthropic activism, Jicheng Lyu sets himself apart from the rest with an inspiring record of ongoing service and a nomination for a 2020 China Philanthropy Award. From poverty alleviation to COVID-19 response work, Jicheng Lyu has been, is, and will continue to be on the front lines of serving communities. Nominated for the 2020 China Philanthropy Award, he leads a team of 300 staff and volunteers. Above all, Lyu believes in individuals making a difference. Jicheng Lyu opens on his lifetime of service, saying: “I have always believed that local and grassroots organizations are the catalyst…
Moonstake has recently joined forces with Unido, a leading crypto custody service and enterprise platform powered by Polkadot, continuing to strengthen its market position as a leading staking platform that supports the Polkadot ecosystem. Through this partnership, Unido clients will gain access to the staking pools of Moonstake to easily and securely stake their crypto assets via the Unido DeFi Vault to generate additional yield on their investments. Currently Moonstake supports staking for Cosmos, IRISnet, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot, Quras and Centrality assets. Meanwhile, investors from the Moonstake platform, especially institutional clients, will be able to enjoy a…
Hua Medicine (the “Company”, Stock Code: 2552.HK), today announces the audited annual results of the Company and its subsidiaries for the year ended December 31, 2020 (the “Reporting Period”). During the Reporting Period, the Company continued to advance various clinical trials and R&D investments, successfully completed two Phase III registration trials for dorzagliatin in China, and achieved remarkable results in preparing for dorzagliatin’s commercialization. These 2020 achievements provide a solid foundation for the Company’s long-term and stable development in the future. In 2020, the Company incurred approximately RMB367 million in total expenditures, of which approximately RMB221 million was research and…
Gain Additional Efficiencies and Reduce Risk in Your Financial Close with Trintech’s Latest Cadency Enhancements Trintech, a leading global provider of integrated Record to Report software solutions for the office of finance, today announced several key product enhancements to help large enterprises reduce the time spent on tasks and drive greater efficiencies in their month-end workflows. “As our customers continue to focus on agility and sustainability during this time, the enhancements we have made in our solutions deliver greater control, enhanced visibility, increased efficiencies and certainty of accurate financial reporting that our large enterprise customers demand,” said Michael Ross, Chief…
Multifunctional online platform remains open until May Organised by the Hong Kong Trade Development Council (HKTDC), the HKTDC Hong Kong International Film and TV Market | Online (FILMART Online) attracted nearly 7,000 industry participants from 81 countries and regions over four days, with the release and promotion of some 2,200 film and television productions. Having become more familiar with doing business through online platforms, exhibitors and buyers used the online meeting function at FILMART Online to participate in more than 2,000 meetings. The four-day event FILMART Online concluded successfully today. Nearly 7,000 participants were engaged and more than 2,000 business-matching…