On November 20th, the company posted a third quarterly financial report for 2019.
Text|Daily Business Highlights
There is a net loss of 2.3 billion in a single season, but Huang Hao said that the “billion-dollar subsidy” will not stop.
On November 20th, the company released a third quarterly financial report for 2019. The financial report showed that the third quarter revenue was 7.514 billion yuan, which was lower than the market expectation of 7.654 billion yuan; the net loss was 2.335 billion yuan, much higher than the market expectation of 1.22 billion yuan, and the net loss for the same period last year was only 1.098 billion yuan. Affected by this, the stock price fell more than 20% when the market closed, and the market value fell below 40 billion US dollars, which was exceeded by Jingdong and Baidu.
Strongly increasing the amount of subsidies, it is considered to be the reason for the increase in losses. In the first three quarters of this year, the company invested a total of 17.902 billion yuan in marketing and promotion, an increase of 1.4 times over the same period last year. In the subsidy, the number of users increased. As of September 30, the number of active buyers of the year exceeded 500 million for the first time, an increase of 150.8 million over the same period of last year, an increase of 53.1 million over the previous quarter. The largest single quarter growth since. In addition, in the case of both Ali and JD.com, they are trying to expand their basic market, and they can only target first- and second-tier cities. Subsidies have become the most effective means.
A lot of CEO Huang Wei said in a phone call after the release of the financial report that spending money is an investment, a long-term opportunity, “tens of billions of subsidies” is not a slogan, every penny spent is worth , the next quarter “billion subsidies” …
Editor’s comment: Attracting high-end users through subsidies for high-end goods such as the iPhone is just the first step in a multi-subsidy strategy. Author Dong Jie believes that in the future, there is more to think about…
邬必伟: New economic companies can’t meet demand, Hong Kong stocks are ideal places to go
Since 2017, new economic enterprises have been listed on the market, and the Hong Kong stock market has seen a peak in the history of listing in 2018. Entrepreneurs walked into the IPO highlights, and the spotlights were the reefs. Many new economic companies that were once chased by capital suffered from an inverted valuation in the secondary market and broke on the first day. Regarding the changes in the new economic industry and the path of corporate IPOs, the “Observation+” section invited Mr. Fu Biwei, President of Futu Securities Finance and Enterprise Services, to share the following points:
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The birth of a new economic enterprise is related to the founder and the opportunity of the times. Once formed, it will rule in the industry for many years. As these companies gain the basic capabilities and data, the larger they will be.Similar to Ali, Tencent, and the US Mission. From an investment perspective, such companies must be deployed. But many start-ups say that it is impractical to be a platform at the outset. They should look for opportunities in their own segments.
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About the IPO trend of new economic enterprises, 2009 is the recovery period after the US financial tsunami. After the stock market is repaired, …
Editor’s comment: After the restructuring of the Hong Kong stock market, the attractiveness of the new economic company has been greatly enhanced, and the return of Ali is an important symbol. Compared to US stocks and Kechuang board, Hong Kong stocks…
This article is from the paid section “Daily Business Featured” – November 21 Day
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