China Finance Online: Q4 Earnings Snapshot
May 17, 2021
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BEIJING (AP) China Finance Online Co. (JRJC) on Monday reported a loss of $5.6 million in its fourth quarter.
On a per-share basis, the Beijing-based company said it had a loss of $2.44.
The financial information company posted revenue of $9.8 million in the period.
For the year, the company reported that its loss narrowed to $10.6 million, or $4.59 per share. Revenue was reported as $40 million.
China Finance Online shares have risen 19% since the beginning of the year. The stock has more than doubled in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JRJC at https://www.zacks.com/ap/JRJC
Japan s PM aims to calm China-Taiwan tension on US visit
MARI YAMAGUCHI, Associated Press
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FILE - In this Dec. 4, 2020, file photo, Japanese Prime Minister Yoshihide Suga speaks during a news conference in Tokyo. Suga on Sunday, April 4, 2021, said Taiwan s peace and stability is key to the region and that Japan will cooperate with the United States to calm rising tensions between China and Taiwan.Hiro Komae/AP
TOKYO (AP) Japanese Prime Minister Yoshihide Suga on Sunday said Taiwan s peace and stability is key to the region and that Japan will cooperate with the United States to calm rising tensions between China and Taiwan.
Founder of Chinese e-commerce firm Pinduoduo departs
ZEN SOO, AP Technology Writer
March 17, 2021
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HONG KONG (AP) Colin Huang, founder of the Chinese e-commerce firm Pinduoduo, stepped down as chairman Wednesday just as the company’s annual user base surpassed that of rival Alibaba.
Huang, who founded Pinduoduo in 2015 and is China’s third-richest man with a net worth of about $56 billion, said that he is giving up the chairmanship to pursue research in food and life sciences.
Huang’s board seat will be taken by CEO Chen Lei, according to the company.
Shares of Pinduoduo, which is listed on Nasdaq, tumbled 7% following the announcement.