Financial Report

Luckin Coffee posts H1 net revenue of $492.9 million, up 106% year-on-year
"This earnings announcement is an important milestone as it enables us to return to normalized financial reporting," said Luckin Coffee CEO.
Meituan's Q2 revenue up 77% year-over-year to $6.77 billion
Meituan's revenue rose 77 percent year-over-year to RMB 43.76 billion ($6.77 billion) in the second quarter, with a net loss of RMB 3.36 billion.
Huawei's Q2 revenue falls 38% year-over-year to $26.3 billion
Huawei's revenue for the second quarter fell 38 percent year-over-year to RMB 170.4 billion ($26.3 billion), according to the company's operating results released on Friday.
Tencent posts Q1 results that beat expectations
Tencent posted revenue of RMB 135.3 billion ($21 billion) in the first quarter, up 25 percent from a year earlier, beating analysts' estimates of RMB 133.75 billion.
Baidu Q1 results beat expectations, up about 4% premarket
Baidu's revenue for the first quarter reached RMB 28.13 billion ($4.29 billion), up 25% year-on-year, beating Wall Street's expectations of RMB 27.286 billion.
Alibaba posts net loss of $1.17 billion in Q1, first since IPO
Alibaba posted an operating loss of 7.663 billion yuan ($1.170 billion) in its fiscal fourth quarter ended March 31 this year, the e-commerce giant's first quarterly loss since going public, mainly affected by fines from an antitrust investigation.
Huawei's net profit rose 26.65% to $2.6 billion in Q1
Huawei's operating income for the quarter was 150.57 billion yuan, down about 17 percent from 180.61 billion yuan a year earlier.
Huawei's 2020 sales revenue up 3.8% year-on-year to RMB 891.4 billion
Huawei's 2020 sales revenue rose 3.8 percent year-on-year to RMB 891.4 billion ($136 billion) and net profit rose 3.2 percent year-on-year to RMB 64.6 billion, according to figures released by the company today.
RLX Technology Q4 revenue up 45% from previous quarter to $248 million
Net loss for the quarter was RMB 237 million, compared to net income of RMB 7.8 million in the third quarter of 2020, according to the company's earnings report released today.
Meituan's Q4 revenue up 35% year-on-year to $5.8 billion
The company reported an adjusted loss of 1.44 billion yuan in the fourth quarter of 2020, compared with a profit of 2.27 billion yuan in the same period of 2019.