DDL: Net income jumped 153.5% on 8.6% revenue growth, with China divestiture pending
Quartr·- Dingdong (Cayman) Limited reported a 153.5 % jump in net income alongside an 8.6 % year-over-year increase in revenues. - The company advanced its operational execution, driven by strong gross merchandise value and margin improvements. - The divestiture of its China business to Meituan remains pending while its GAAP and non-GAAP profitability streaks continue.NTES 2Q26 Non-GAAP Net Profit Falls 18.7% YoY to RMB7.747 Billion; EPS Misses Forecast, US Premarket Down Over 6%
AASTOCKS News·- NTES announced its 2Q26 financial results, reporting a non-GAAP net profit of RMB7.747 billion, which represents an 18.7% YoY decrease. - Total revenue for the quarter reached RMB30.107 billion, marking a 7.9% YoY increase that exceeded market expectations. - Diluted net profit per American depositary share came in at RMB12.02, missing the market forecast of RMB15.59 and contributing to a 6.44% drop in US premarket trading.Full Transcript: NetEase Q2 2026 Earnings Call
benzinga_article·- NetEase reported a total revenue of RMB 30.1 billion for the second quarter of 2026, with games and related services contributing RMB 25 billion. - The company's non-GAAP net income for the quarter reached RMB 7.7 billion, and the Board approved a dividend of USD 0.096 per share while maintaining its USD 5 billion share repurchase program. - Operational growth was driven by strong global performances in key titles, ongoing AI integration across business segments, and expanding user ecosystems for Youdao and NetEase Cloud Music.NetEase: Q2 revenue rose to RMB 30.1B, with strong games growth and improved margins
Quartr·- NetEase reported total net revenue of RMB 30.1 billion for Q2 2026, driven by strong growth in games and related services. - The company achieved an improved gross profit margin of 70.5%, supported by user engagement from new titles like Sea of Remnants and Marvel Rivals. - NetEase maintained a robust cash position during the quarter while continuing its shareholder return initiatives.ShopeePay Singapore unlocks China QR payments with TenPay Global
Singapore Business Review·- ShopeePay Singapore and Thailand users can now scan and pay at tens of millions of Weixin Pay QR code merchants in China through a partnership with TenPay Global. - The cross-border payment service will expand to Malaysia, Vietnam, and the Philippines in subsequent phases following the 20 August 2026 announcement. - This integration enhances the digital financial services of Monee, the arm of Sea Limited that operates ShopeePay.Dingdong Q2 2026 Earnings: Revenue Rises as Held-for-Sale Accounting Lifts Profit
TradingKey·- Dingdong reported a Q2 2026 aggregate revenue of RMB6,487.3 million, up 8.6 % year over year, with GMV rising 11.8 % to RMB7,265.3 million and net income reaching RMB271.7 million. - The reported profit increase was primarily driven by a RMB199.1 million benefit from suspending depreciation and amortization for the China business classified as held for sale. - Key factors to watch include the pending Meituan transaction, limited profit comparability due to accounting changes, and widening losses in the expanding overseas segment.Pre-market hot trades in US stocks: Duan Yongping increases holdings, Hillhouse adjusts positions, PDD rises 3% in pre-market
Price Alert·- Pinduoduo rose 3.02 % in pre - market trading, driven by investor confidence following a 26.71 % stake increase by Duan Yongping and position adjustments by HHLR Advisors. - TruGolf surged 62.04 % in pre - market trading, propelled by a new technology patent, a strategic partnership with a large sports retailer, and upward revisions of profit expectations by analysts. - Market activity also featured significant pre - market movements in stocks like IP Strategy and INVO Fertility amid heightened sector volatility.04:30 ETTemu partners with Danish Startup Group to support the Danish startup ecosystem
prnewswire·- Temu partnered with the non-profit Danish Startup Group to support local founders and strengthen the Danish startup ecosystem. - Under this collaboration, Temu will participate in DSG programs and events, engaging directly with entrepreneurs and the broader founder network. - This initiative builds on Temu's ongoing expansion in Denmark following its 2023 launch and the introduction of its local seller program.Shein is said to consider Aug 28 for Hong Kong trading debut
Businesstimes News·- Fast fashion retailer Shein plans to launch its Hong Kong IPO to raise US$ 2 billion to US$ 3 billion, with investor orders starting around Aug 20 and trading debuting around Aug 28. - The company is targeting a valuation of about US$ 30 billion, down significantly from its peak of US$ 100 billion amid slowing growth, US tariffs, and competition from Temu. - Existing shareholders may take up to half of the deal, while deliberations regarding the final size, valuation, and timing remain ongoing.