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Chinese online recruitment platform Kanzhun Ltd (NASDAQ:BZ) reported a fiscal first-quarter 2024 revenue increase of 33.4% year-over-year to 1.70 billion Chinese yuan ($235.97 million), beating the analyst consensus estimate of $229.64 million. Adjusted EPADS of $0.16 beat the analyst consensus estimate of $0.13. The stock price declined after the print in sync with other Chinese stocks following a record surge in bearish bets against China ETFs, Bloomberg reports. Revenues from online recruitment services to enterprise customers were $233.2 million, up by 33.6% Y/Y. Calculated cash billings were $284 million, up 24.3% Y/Y. Average monthly active users (MAUs) were 46.6 million, an i

Niu Technologies (NASDAQ:NIU) reported a fiscal first-quarter 2024 revenue growth of 21.0% to 504.7 million Chinese yuan ($69.91 million), mainly due to an increase in sales volume of 36.8% partially offset by a decrease in revenues per e-scooter of 11.6%. The company reported earnings per ADS of $(0.10). Adjusted net loss was CNY (48.5) million versus CNY (46.1) million a year ago. The stock price declined after the print. The number of e-scooters sold increased by 36.8% Y/Y to 129,139, with sales in China growing by 35.1%. International e-scooter sales climbed 47.6% to 19,024 units. The number of franchised stores in China was 2,878 as of March 31, 2024. The quarterly gross margin

Canaan Inc (NASDAQ:CAN) reported a fiscal first-quarter 2024 revenue decline of 36.5% year-on-year to $35.09 million, beating the analyst consensus estimate of $30.10 million.  Earnings per ADS loss of $(0.16) beat the analyst consensus estimate loss of $(0.36). The stock price gained after the print. Products revenue in the first quarter of 2024 was $23.4 million, compared to  $44.1 million Y/Y. Mining revenue in the first quarter of 2024 was $10.5 million, representing a decrease of 5.7% Y/Y. The company sold a total computing power of 3.4 million Thash/s. Canaan held $54.7 million in cash and equivalents as of March-end. The company’s holdings of Bitcoin surpassed 1,000 for th

DouYu International Holdings Limited (NASDAQ: DOYU) reported a fourth-quarter fiscal 2023 revenue decline of 22.9% to $182.5 million year-on-year, beating the consensus of $170.9 million. The Chinese game-centric live streaming platform’s adjusted earnings per ADS loss of $(0.00) beat the consensus loss of $(0.02). The stock price declined after the results. Segments: DouYu’s Livestreaming revenues decreased by 36.1% Y/Y to $143.8 million due to the soft macroeconomic environment. Advertising and other revenues increased by 226.5% Y/Y to $38.8 million, primarily attributable to the increase in other revenues contributed by other innovative business. Gross margin declined from 11.

Tencent Music Entertainment Group (NYSE:TME) reported a fourth-quarter revenue decline of 7.2% year-over-year to $971 million (CNY6.89 billion), beating the consensus of $932 million.  China’s leading online music and audio entertainment platform’s adjusted EPADS of $0.14 (CNY1.00) was in line with the consensus. Key Metrics: The Q4 Monthly active users (MAUs) for online music declined by 4.2% Y/Y to 576 million. Mobile MAUs for social entertainment decreased by 28.8% Y/Y to 104 million. Monthly ARPPU for online music grew by 20.2% Y/Y to CNY10.7, Monthly ARPPU for social entertainment declined by 54.0% Y/Y to CNY78.0, and Online music paying users increased by 20.6% Y/Y to 106.7 mi

The Vanguard FTSE Developed Markets ETF (NYSE:VEA) just formed a Golden Cross on the technical charts. Developed markets, outside the U.S., hope for a bullish price trend ahead. The VEA ETF: The VEA ETF tracks the FTSE Developed ex-U.S. All Cap Net Tax (US RIC) Index. It offers exposure to developed markets outside of North America, including: Europe (~53%) Japan (20%) Australia (6%). In essence, it is an investment vehicle popularly used to get overweight ex-U.S. developed markets. Currently, 70% of the ETF is invested in large-cap stocks, with the financial sector being the dominating sector at 21.62%. The VEA ETF trumps the iShares MSCI EAFE ETF (NYSE:EFA) in dept

VALLEY FORGE, Pa., Feb. 25, 2022 /PRNewswire/ -- Vanguard today reported expense ratio changes for 18 funds across multiple ETF and mutual fund share classes, including a wide range of international strategies. The firm continues to return value to investors through lower fund expenses on its path to returning $1 billion in cost savings to shareholders by the end of 2025. The changes reported today in prospectus filings align to funds with fiscal years ending October 2021 and represent $34.2 million in net savings for investors.1 Expense ratio changes occur for a variety of re