LightInTheBox Reports Second Quarter 2024 Financial Results

- Returns to Profitability with Net Income of $0.6 Million - SINGAPORE, Aug. 2, 2024 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), an apparel e-commerce retailer that ships products to consumers worldwide, today announced its unaudited financial results for the second quarter ended June 30, 2024. "The second quarter of 2024 was a challenging one,…

ZTO to Announce Second Quarter and Half-Year Interim Financial Results of 2024 on August 20, 2024 U.S. Eastern Time

SHANGHAI, Aug. 2, 2024 /PRNewswire/ -- ZTO Express (Cayman) Inc. (NYSE: ZTO and SEHK: 2057) ("ZTO" or the "Company"), a leading and fast-growing express delivery company in China, today announced that it will release its unaudited financial results for the second quarter ended June 30, 2024 and its unaudited interim financial results for the half year ended June 30, 2024, after the U.S. market…

Indonesian GoTo’s Q2 revenue up 39 percent on year to $265.58M

PT GoTo Gojek Tokopedia Tbk (GoTo), the largest digital ecosystem in Indonesia, announced Tuesday that its gross revenue increased by 39 percent year on year to Rp 4.3 trillion ($265.58 million) in the second quarter. The firm said in a statement that its adjusted losses before interest, taxes, depreciation, and amortization was reduced by 95 percent year on year and 53 percent quarter on…

Data localization requirements may hinder Pakistan’s opportunities to grow its digital economy

New research paper reinforces the need to consider the economic impact of data localization in Pakistan, estimating a potential loss of 3.2 million jobs with the enforcement of data localization practices. ISLAMABAD, Aug. 1, 2024 /PRNewswire/ -- A new research paper, Data Localization in Pakistan: Challenges and Opportunities, examines the operational and economic impact of data localization in…

Kuaishou Technology to Report 2024 Second Quarter and Interim Financial Results on August 20, 2024

HONG KONG, Aug. 1, 2024 /PRNewswire/ -- Kuaishou Technology ("Kuaishou" or the "Company"; HKD Counter Stock Code: 01024 / RMB Counter Stock Code: 81024), a leading content community and social platform, today announced that it will report its unaudited consolidated results for the second quarter and half year ended June 30, 2024, after the Hong Kong market closes on Tuesday, August 20, 2024. The…

Indonesia’s J&T Express launches parcel delivery service in Saudi Arabia

J&T Global Express Limited (J&T Express), an Indonesia-based integrated logistics service provider, has announced the official launch of J&T SPEED in Saudi Arabia. This service is committed to providing more efficient, convenient, and reliable parcel delivery experiences for individual customers and businesses in Saudi Arabia, catering to the region's growing demand for parcel…

Feebee AU Launches “Green Product Collections” Section to Support Australia’s Environmental Efforts on Earth Overshoot Day

TAIPEI, Aug. 1, 2024 /PRNewswire/ -- FIRSTWEB LIMITED, an e-commerce marketing solutions provider, today announced the launch of "Green Product Collections" section on feebee.com.au, the leading comparison shopping site in Australia, to coincide with Earth Overshoot Day. This dedicated shopping destination simplifies the search for certified sustainable products across apparel, accessories,…

Alibaba.com Teams Up with the IOC to Propel Athletes into Entrepreneurship

Alibaba.com will become an exclusive partner to join the fourth edition of the Athlete365 Business Accelerator program, offering e-commerce and global trade-focused training, exclusive mentorship opportunities and accelerator packages PARIS, July 31, 2024 /PRNewswire/ -- At a grand launch event in Paris today, Alibaba.com, a leading platform for global business-to-business (B2B) e-commerce, will…

New Oriental Announces Results for the Fourth Fiscal Quarter and the Fiscal Year Ended May 31, 2024

BEIJING, July 31, 2024 /PRNewswire/ -- New Oriental Education & Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU/ 9901.SEHK), a provider of private educational services in China, today announced its unaudited financial results for the fourth fiscal quarter and fiscal year ended May 31, 2024. Financial Highlights for the Fourth Fiscal Quarter Ended May 31, 2024 Total net…

Indonesia’s Bukalapak revenue up 6 percent quarter on quarter to $76.45M in second quarter

Indonesian e-commerce company Bukalapak said Wednesday that its revenue for the second quarter grew 6 percent quarter-over-quarter to Rp 1,244 billion ($76.45 million), underpinned by marketplace growth. The firm said in a statement that the firm's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for the second quarter was -Rp 41 billion and improved by Rp…