Colin Huang, founder and CEO of the online group discounter Pinduoduo, speaks during the debut of the trading on the Nasdaq Stock Market in New York, during an event in Shanghai, China July 26, 2018. Image taken July 26, 2018. Yin Liqin / CNS via REUTERS ATTENTION EDITORS – This …
Read More »Hong Kong Stock Exchange sees the secondary listing momentum as profit in the first half increases
HONG KONG (Reuters) – Hong Kong Exchanges and Clearing Ltd (HKEX) (0388.HK) sees a trend of secondary advertising by Chinese companies with New York listing and supports their prospect as the stock market reports a 1% increase from the first half on Wednesday. FILE PHOTO: The name of Hong Kong …
Read More »Lyft retains the profitability target by the end of 2021, even if COVID-19 guts demand
(Reuters) – Lyft Inc said on Wednesday that cost cuts are putting the company on track to reach its target of becoming profitable on an adjusted basis by the end of 2021, even as second-quarter revenue tumbled 61% due to coronavirus-related limitations.
Read More »“So far, so good” in the main COVID vaccine, says AstraZeneca
(Reuters) – Britain’s AstraZeneca (AZN.L) said Thursday that good data is being obtained so far on its vaccine against COVID-19, which is already in large-scale human trials and is widely regarded as the leader in the race for a vaccine against the new coronavirus. . An employee is seen at …
Read More »Facebook smashes revenue estimates amid pandemic, predicts ad growth
(Reuters) – Facebook Inc (FB.O) beat analyst estimates for quarterly revenue on Thursday as companies used their digital advertising tools to take advantage of a surge in online traffic during the coronavirus pandemic, even as they cut marketing budgets elsewhere. FILE PHOTO: A 3D printed Facebook logo seen on a …
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