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2023-06-29 01:05:00 ET Summary Gome’s auditor resigned over a wide range of financial issues disclosed last week, though the company expects to file its overdue 2022 annual report as soon as next month. The former retailing highflyer may be considering a transformation to p...
Summary GOME’s revenues are falling sharply despite gains for its online business, as tumbling sales at its brick-and-mortar stores lead to layoffs and closures. The company is staring at a potential debt crisis as it owes 22.9 billion yuan in bank loans despite having only...
Gome is scaling back its e-commerce push that was part of a drive to regain its former glory, making massive layoffs at its FUN online unit. Company’s revenues stagnated last year as its transition to e-commerce stalled, similar to the fate of other older brick-and-mortar retai...
By ALT Perspective This was a week choke-full of U.S.-China 'tit-for-tat' rhetoric and measures. Without looking at the share price movements, one would be forgiven for thinking that the Chinese stocks crashed or at least suffered a bad bruise. On the contrary, equity indices of Chinese ...
By ALT Perspective Global stocks found it challenging to claw back losses after the oil market shock on Tuesday. It wasn't just energy-related companies that suffered. The fact that futures for domestic West Texas intermediate crude oil turned negative for the first time in history speak...
Initial Conversion Price at HK$1.215 per Share with a Premium of Over 66% HONG KONG, Apr 20, 2020 - (ACN Newswire) - GOME Retail (493.HK) and the Hongkong Walnut Street Limited, a wholly-owned subsidiary of Pinduoduo (Nasdaq Global Select Market, Nasdaq: PDD) on 17 April 2020 have entered i...
SHANGHAI, Nov 19, 2019 - (ACN Newswire) - Growing up in China during the 1990s, Layla Dong, founder and CEO of Blockshine, witnessed the rush of economic development brought by the internet. For Ms. Dong, her experience has cemented a desire to ensure the development and application of technol...
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Initial Conversion Price at HK$1.215 per Share with a Premium of Over 66% HONG KONG, Apr 20, 2020 - (ACN Newswire) - GOME Retail (493.HK) and the Hongkong Walnut Street Limited, a wholly-owned subsidiary of Pinduoduo (Nasdaq Global Select Market, Nasdaq: PDD) on 17 April 2020 have entered i...
SHANGHAI, Nov 19, 2019 - (ACN Newswire) - Growing up in China during the 1990s, Layla Dong, founder and CEO of Blockshine, witnessed the rush of economic development brought by the internet. For Ms. Dong, her experience has cemented a desire to ensure the development and application of technol...