July 31, 2017 Company Earnings Update Register for Free Access Baidu (BIDU) 2Q17 Results: Strong Beat on Disciplined Cost ControlBaidu reported 2Q17 non-GAAP diluted earnings per ADS of ¥16.00, up 98.0% year over year, to beat the consensus of ¥10.13. Revenues reached ¥20.9 billion, up 14.3% year over year and were broadly in-line with the consensus estimate.
July 28, 2017 Company Earnings Update Register for Free Access Amazon (AMZN) 2Q17 Results: Strong Revenues, but 2Q and Guidance for 3Q Operating Income Below ConsensusAmazon reported 2Q17 EPS of $0.40, compared with $1.78 in the year-ago quarter and missing the $1.41 consensus estimate. Net sales were $38.0 billion, up 24.8% year over year and beating the $37.2 billion consensus estimate.
July 13, 2017 Flash Report Register for Free Access Amazon Announces a Record Third Annual Prime DayAmazon announced that its third annual Prime Day shopping event, which ran for 30 hours, was the biggest day in Amazon history in terms of revenue, surpassing Black Friday and Cyber Monday.
July 11, 2017 Flash Report Register for Free Access Alibaba Launches Taobao Global US Merchants NetworkAlibaba has launched its Taobao Global US Merchants Network, which connects Taobao Global merchants with small- and medium-sized enterprises (SMEs) in the US that would like to sell their products to Chinese consumers.
July 11, 2017 Insight Report Premium Amazon Prime Day 2017: A Private-Label Push in Fashion and Grocery, and Launching in India, TooThis year, Amazon is offering Prime Day to its Indian shoppers for the first time, and the company used the event to launch brands such as Gap on its site.
June 26, 2017 Event Coverage Register for Free Access Insights from Alibaba’s Gateway ’17 Summit: Consumer and Industry Trends in China—Fashion and Apparel PanelRoth Lai, Deputy Editorial Director, ELLE China
June 23, 2017 Event Coverage Register for Free Access Insights from Alibaba’s Gateway ’17 SummitLivestreaming is an effective tool for engaging with Chinese consumers.
June 22, 2017 Event Coverage 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.
June 21, 2017 Insight Report 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.
June 21, 2017 Event Coverage 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.
June 20, 2017 Flash Report 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.
May 19, 2017 Company Earnings Update 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.
May 18, 2017 Company Earnings Update 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.
May 10, 2017 Company Earnings Update 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.
May 2, 2017 Company Earnings Update 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.
