Event Coverage | June 23, 2017 Register for Free Access Insights from Alibaba’s Gateway ’17 SummitLivestreaming is an effective tool for engaging with Chinese consumers. Read More
Event Coverage | June 22, 2017 Register for Free Access Alibaba Gateway ’17 Day 2 TakeawaysThe Fung Global Retail & Technology team is attending the Alibaba Gateway ’17 event in Detroit, Michigan. This inaugural conference, which attracted over 3,000 attendees, is the largest event Alibaba has hosted outside of China. Alibaba Gateway aims to help small- to medium-sized businesses in the US to better understand the China opportunity and enable them to sell into China via Alibaba’s various platforms. Read More
Insight Report | June 21, 2017 Premium Amazon Ramps Up Its Effort in ApparelAmazon announced on June 20 that it is launching a new service called Prime Wardrobe, which lets customers try on clothes before they buy them and return them for free if they decide they do not want them. Read More
Event Coverage | June 21, 2017 Register for Free Access Alibaba Gateway ’17 Day 1 TakeawaysThe Fung Global Retail & Technology team is at the Alibaba Gateway ’17 event in Detroit, Michigan. This inaugural conference, which attracted over 3,000 attendees, is the largest event Alibaba has hosted outside of China. Alibaba Gateway aims to help small- to medium-sized businesses in the US to better understand the China opportunity and enable them to sell into China via Alibaba’s various platforms. Read More
Flash Report | June 20, 2017 Register for Free Access Amazon to Acquire Whole Foods Market for $13.7 Billion in CashAmazon announced the signing of a definitive agreement to acquire Whole Foods Market, including the company’s net debt, for $13.7 billion in cash. The transaction is expected to close in the second half of 2017. Read More
Company Earnings Update | May 19, 2017 Register for Free Access Alibaba (BABA) 4Q FY17 Results: Earnings Beat, Highest Revenue Growth Since IPO; “Very Excited” about FY18 ProspectsAlibaba reported 4Q FY17 revenue of ¥38.6 billion, up 60% year over year, and beat consensus estimates by 7%. The company attributed the strong results to solid growth of its core commerce segment, as well as accelerating growth in emerging businesses, including cloud computing, digital media and entertainment. Read More
Company Earnings Update | May 18, 2017 Register for Free Access Tencent (0700.HK) 1Q17 Results: Strong Beat Led by Strength in Gaming and Social NetworkTencent reported 1Q17 revenues of ¥49.6 billion, up 54.9% year over year. Non-GAAP diluted EPS was ¥1.49, up 41.0% year over year. The solid results were largely driven by the gaming and social network segments. Read More
Company Earnings Update | May 10, 2017 Register for Free Access JD.com (JD) 1Q17 Results: Earnings Beat; JD Logistics Established as Separate Business GroupJD.com reported 1Q17 revenues of ¥76.23 billion, up 41% year over year, and beating the consensus estimate of ¥73.60 billion. Non-GAAP diluted earnings per ADS was ¥1.01, compared to a net loss per ADS of ¥0.15 for 1Q16. Read More
Company Earnings Update | May 2, 2017 Register for Free Access Baidu (BIDU) 1Q17 Results: Revenue Improved on Higher Spending Per Customer, Non-GAAP Earnings BeatBaidu reported 1Q17 non-GAAP diluted earnings per ADS of ¥6.85, up 0.7% year over year, to beat the consensus of ¥6.15. Revenues reached ¥16.9 billion, up 6.8% year over year and in line with the consensus estimate. Read More
Company Earnings Update | April 28, 2017 Register for Free Access Amazon (AMZN) 1Q17 Results: Beats Consensus, Guides Down for 2Q ProfitAmazon reported 1Q17 EPS of $1.48, compared with $1.07 in the year-ago quarter and beating the $1.08 consensus estimate. Net sales were $35.7 billion, up 22.6% year over year and beating the $35.3 billion consensus estimate. Read More
Deep Dive | March 29, 2017 Premium US Consumer Survey— Amazon Yet to Crack the Menswear MarketBrick-and-mortar stores remain the main channel where consumers buy. Two-thirds of surveyed men have bought menswear online, and only 2.6% say they buy most often online. Read More
Insight Report | March 1, 2017 Premium Who Is Buying Beauty Products on Amazon?In this brief report, we review data from our recent US consumer survey to explore who is buying beauty and personal care products on Amazon. Read More
Company Earnings Update | February 27, 2017 Register for Free Access Baidu (BIDU) 4Q16 Results: EPS Beats, Revenue Falls on Revamped Advertising PracticesBaidu reported 4Q16 non-GAAP diluted EPS of ¥13.23, up 73.9% year over year, beating the consensus by 77.1%. Revenue was ¥18.21 billion, down 2.6% year over year and in line with consensus, as the company took measures to revamp its advertising practices to meet stringent requirements for vetting advertising customers. Read More
Company Earnings Update | February 22, 2017 Register for Free Access Vipshop (VIPS) 4Q16 Results: Solid Performance Beats Estimates, on Jump in Active Customer Base and Expansion of Logistics ServiceVipshop reported 4Q16 revenue of ¥19.0 billion, up 36.5% year over year, beating consensus by 4%. This was primarily driven by the increase in the number of total active customers and total orders. Read More
Company Earnings Update | February 3, 2017 Register for Free Access Amazon (AMZN) 4Q16 Results: Earnings Beat, Revenue and Guidance Below ExpectationsAmazon reported 4Q16 EPS of $1.54, compared with $1.00 in the year-ago quarter and beating the $1.37 consensus estimate. Net sales were $43.7 billion, up 22.4% year over year but missing the $44.7 billion consensus estimate. Read More
