Profit News

Pinduoduo, China's 3rd largest e-commerce giant, made $250 million in profit for Q3

A large part of Pinduoduo's growth was attributed to online marketing

Kenneth HoNov 29, 2021

Tencent made $7.4 billion in profit in Q1 2021; a huge jump of 65%

Tencent's management style and business model have proven to be very resilient.

Alfred LeeMay 25, 2021

After over $1b in profit, China's ride-hailing giant DiDi plans to make its own cars

DiDi is laying the groundwork to become China's largest vehicle ecosystem.

Alfred LeeApr 08, 2021

SoftBank's Vision Fund records best performance since 2017; group profit hits $11 billion.

SoftBank shares have risen by over 200% since mid-March.

Alfred LeeFeb 10, 2021

China's Tencent grows by 29%; generates $19 billion in revenue for Q3 2020.

The company generated $5.8 billion in profit for the quarter too.

Alfred LeeNov 14, 2020

H&M profit declines; to close 350 stores worldwide.

3rd quarter profit fell by over 50% compared to the previous year.

Carl AdrianOct 02, 2020

TikTok owner, ByteDance, makes $3 billion in profit from $17 billion in revenue last year.

TikTok has been downloaded over 2 billion times globally.

Alfred LeeMay 28, 2020

Genting goes from RM268 million in profit to RM417.9m in loss since pandemic.

The company may layoff up to 20% of their 20,000 staff.

Alfred LeeMay 22, 2020

THE Final Pitch calls for startups & non-profits with pandemic solutions.

This is the first time The Final Pitch is including non-profit organizations as well.

Alfred LeeMay 04, 2020

Google made $41.2 billion in Q1 2020 with $6.8 billion in profit.

Cloud Services grew 52%, YouTube grew 33%, and other bets fell 21%.

Alfred LeeApr 29, 2020

Lightspeed and Sequoia bag $400-500 million profit from selling OYO shares

OYO's founder Agarwal aims to increase his stake in the company

Syamil FaisalDec 23, 2019

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