Key Takeaways: Baozun’s revenues rose 5% last year following its acquisition of Gap China, which represented 14% of total annual sales Product sales from the company’s older e-commerce business fell by 21% last year, while e-commerce services revenue also slumped by 5% By Edith Terry
Key Takeaways: Chow Tai Fook’s sales grew 12.4% in the first three months of this year, accelerating from the company’s 6% revenue growth in the six months through September 2023 As China’s largest listed jeweler, Chow Tai Fook could benefit from gold’s recent rise to record high prices By Edith Terry
Key Takeaways: Niu Technologies said its unit sales at home and abroad rose more than 30% in the first quarter, following a tough 2023 when its revenue fell 16% The electric scooter maker’s shares jumped 34% from an all-time low in the week following the announcement By Edith Terry
Key Takeaways: China Feihe posted declines in both profits and sales last year, as it is heavily exposed to the country’s falling birth rate The company, which gets 91% of its revenue from infant milk formula, may remain attractive to investors due to its pledge to pay much of its profits as dividends By Edith Terry
Key Takeaways: So-Young reported an annual profit last year, reversing two years of losses, as its revenue rose 19% The company’s new So-Young Prime service for high-end users helped to fuel a 22.2% revenue jump in its information services segment last year By Edith Terry