Markets
News
Analysis
User
24/7
Economic Calendar
Education
Data
- Names
- Latest
- Prev
A:--
F: --
A:--
F: --
A:--
F: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
No matching data
Latest Views
Latest Views
Trending Topics
To quickly learn market dynamics and follow market focuses in 15 min.
In the world of mankind, there will not be a statement without any position, nor a remark without any purpose.
Inflation, exchange rates, and the economy shape the policy decisions of central banks; the attitudes and words of central bank officials also influence the actions of market traders.
Money makes the world go round and currency is a permanent commodity. The forex market is full of surprises and expectations.
Top Columnists
Enjoy exciting activities, right here at FastBull.
The latest breaking news and the global financial events.
I have 5 years of experience in financial analysis, especially in aspects of macro developments and medium and long-term trend judgment. My focus is maily on the developments of the Middle East, emerging markets, coal, wheat and other agricultural products.
BeingTrader chief Trading Coach & Speaker, 8+ years of experience in the forex market trading mainly XAUUSD, EUR/USD, GBP/USD, USD/JPY, and Crude Oil. A confident trader and analyst who aims to explore various opportunities and guide investors in the market. As an analyst I am looking to enhance the trader’s experience by supporting them with sufficient data and signals.
Latest Update
Risk Warning on Trading HK Stocks
Despite Hong Kong's robust legal and regulatory framework, its stock market still faces unique risks and challenges, such as currency fluctuations due to the Hong Kong dollar's peg to the US dollar and the impact of mainland China's policy changes and economic conditions on Hong Kong stocks.
HK Stock Trading Fees and Taxation
Trading costs in the Hong Kong stock market include transaction fees, stamp duty, settlement charges, and currency conversion fees for foreign investors. Additionally, taxes may apply based on local regulations.
HK Non-Essential Consumer Goods Industry
The Hong Kong stock market encompasses non-essential consumption sectors like automotive, education, tourism, catering, and apparel. Of the 643 listed companies, 35% are mainland Chinese, making up 65% of the total market capitalization. Thus, it's heavily influenced by the Chinese economy.
HK Real Estate Industry
In recent years, the real estate and construction sector's share in the Hong Kong stock index has notably decreased. Nevertheless, as of 2022, it retains around 10% market share, covering real estate development, construction engineering, investment, and property management.
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
View All
No data
Not Logged In
Log in to access more features
FastBull Membership
Not yet
Purchase
Log In
Sign Up
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
Asian equities traded in the US as American depositary receipts edged higher Wednesday morning with the S&P Asia 50 ADR Index up 0.2% to 1,926.59.
From North Asia, the gainers were led by brand management platform 36Kr and education company 17 Education & Technology Group , which rose 9.8% and 2.9% respectively. They were followed by fintech firms Jiayin Group and Pintec Technology , which were up 2.5% and 2% respectively.
The decliners from North Asia were led by automotive ecommerce platform TuanChe and electric vehicle maker NIO , which fell 6.7% and 3.8% respectively. They were followed by mobile healthcare platform 111 and property technology company Fangdd Network Group , which dropped 3.1% and 2.9% respectively.
From South Asia, the gainers were led by tech conglomerate Sea and financial services company ICICI Bank , which increased 1.5% and 1.4% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia and financial services company HDFC Bank , which were up 1.1% and 0.2% respectively.
The decliners from South Asia were led by IT firms Infosys and Wipro , which lost 2.1% and 1.8% respectively. They were followed by telecommunications operator PLDT and IT firm Sify Technologies , which were down 1.6% and 1.4% respectively.
BEIJING, Sept. 03, 2024 (GLOBE NEWSWIRE) -- 36Kr Holdings Inc. (“36Kr” or the “Company” or “We”) (NASDAQ: KRKR), a prominent brand and a pioneering platform dedicated to serving New Economy participants in China, today announced its unaudited financial results for the six months ended June 30, 2024.
Financial and Operational Highlights for the First Half of 2024
Selected Operating Data
For the Six Months EndedJune 30, | ||||
2023 | 2024 | |||
Online advertising services | ||||
Number of online advertising services end customers | 330 | 222 | ||
Average revenue per online advertising services end customer (RMB’000)2 | 299.7 | 362.1 | ||
Enterprise value-added services | ||||
Number of enterprise value-added services end customers | 90 | 56 | ||
Average revenue per enterprise value-added services end customer (RMB’000)3 | 297.4 | 239.0 | ||
Subscription services | ||||
Number of individual subscribers | 71 | 16 | ||
Average revenue per individual subscriber (RMB)4 | 27,105.6 | 24,637.5 | ||
Number of institutional investors | 225 | 139 | ||
Average revenue per institutional investor (RMB’000)5 | 54.7 | 59.2 | ||
Mr. Dagang Feng, Co-chairman and CEO of 36Kr, commented, “We delivered a solid operational performance in the first half of 2024 despite the challenging macroeconomic environment. Our online advertising services’ ARPU rose by 22% year over year, while subscription services’ ARPU among institutional customers increased by 8% year over year, underscoring our competitive market standing. Our relentless efforts to optimize our diverse content offerings and omni-channel distribution drove the number of our followers to over 33 million as of the end of the second quarter, sustaining our growth momentum with an increase of 9% year over year. Looking ahead, we will remain committed to strengthening our content creation capabilities and capturing new AI-driven opportunities, fostering the Company’s high-quality, sustainable growth.”
Mr. Xiang Li, Chief Financial Officer of 36Kr, added, “We recorded total revenue of RMB102 million in the first half of 2024 while facing an evolving external environment. As we further streamlined our spending, our operating expenses decreased by 10% and 21% compared with the same period of last year and the previous period, respectively. Moving forward, we will continue to hone our core competitive edges, deepen AI applications and explore broader commercialization scenarios to generate long-term, sustainable value for all stakeholders.”
____________________
1 “Number of followers” refers to the aggregate number of followers across the official accounts we own and/or operate on various social media and online platforms, including but not limited to Weixin, Weibo, Zhihu, Toutiao, Xinhua Net, Douyin and Bilibili.
2 Equals revenues generated from online advertising services for a period divided by the number of online advertising services end customers in the same period.
3 Equals revenues generated from enterprise value-added services for a period divided by the number of enterprise value-added services end customers in the same period.
4 Equals revenues generated from individual subscription services for a period divided by the number of individual subscribers in the same period.
5 Equals revenues generated from institutional investor subscription services for a period divided by the number of institutional investors in the same period.
Unaudited Financial Results for the First Half of 2024
Total revenues were RMB102.4 million (US$14.1 million) in the six months ended June 30, 2024, compared to RMB139.9 million in the same period of 2023.
Cost of revenues was RMB57.0 million (US$7.8 million) in the six months ended June 30, 2024, compared to RMB70.0 million in the same period of 2023. The decrease was primarily attributable to the decrease in operating costs in connection with the decline in our revenues.
Gross profit was RMB45.5 million (US$6.3 million) in the six months ended June 30, 2024, compared to RMB69.8 million in the same period of 2023. Gross profit margin was 44.4% in the six months ended June 30, 2024, compared to 49.9% in the same period of 2023.
Operating expenses were RMB117.0 million (US$16.1 million) in the six months ended June 30, 2024, compared to RMB128.7 million in the same period of 2023.
Share-based compensation expenses recognized in cost of revenues, sales and marketing expenses, research and development expenses, as well as general and administrative expenses totaled RMB0.05 million (US$6.4 thousand) in the six months ended June 30, 2024, compared to RMB3.7 million in the same period of 2023.
Other expenses were RMB24.3 million (US$3.3 million) in the six months ended June 30, 2024, compared to RMB6.0 million of other income in the same period of 2023.
Income tax expenses were RMB0.07 million (US$0.01 million) in the six months ended June 30, 2024, compared to RMB0.2 million of income tax credit in the same period of 2023.
Net loss was RMB95.9 million (US$13.2 million) in the six months ended June 30, 2024, compared to net loss of RMB52.7 million in the same period of 2023. Non-GAAP adjusted net loss6was RMB95.9 million (US$13.2 million) in the first half of 2024, compared to non-GAAP adjusted net loss of RMB49.0 million in the same period of 2023.
Net loss attributable to 36Kr Holdings Inc.'s ordinary shareholders was RMB94.4 million (US$13.0 million) in the first half of 2024, compared to net loss attributable to 36Kr Holdings Inc.'s ordinary shareholders of RMB52.3 million in the same period of 2023.
Basic and diluted net loss per ADS were both RMB2.245 (US$0.309) in the first half of 2024, compared to basic and diluted net loss per ADS of RMB1.258 in the same period of 2023.
Certain Balance Sheet Items
As of June 30, 2024, the Company had cash, cash equivalents and short-term investments of RMB96.9 million (US$13.3 million).
____________________
6 Non-GAAP adjusted income/(loss) represents net income/(loss) excluding share-based compensation expenses.
Conference Call
The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on September 3, 2024 (8:00 PM Beijing/Hong Kong Time on September 3, 2024).
For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration and dial in 5 minutes prior to the scheduled call start time. Upon registration, each participant will receive dial-in details to join the conference call.
Event Title: | 36Kr Holdings Inc. The First Half of 2024 Earnings Conference Call |
Pre-registration link: | https://s1.c-conf.com/diamondpass/10041739-9qgd44.html |
Additionally, a live and archived webcast of the conference call will be available on the Company's investor relations website at http://ir.36kr.com.
A replay of the conference call will be available for one week from the date of the conference, by dialing the following telephone numbers:
United States: | +1-855-883-1031 |
International: | +61-7-3107-6325 |
Hong Kong, China: | 800-930-639 |
Mainland China: | 400-120-9216 |
Replay PIN: | 10041739 |
About 36Kr Holdings Inc.
36Kr Holdings Inc. is a prominent brand and a pioneering platform dedicated to serving New Economy participants in China with the mission of empowering New Economy participants to achieve more. The Company started its business with high-quality New Economy-focused content offerings, covering a variety of industries in China's New Economy with diverse distribution channels. Leveraging traffic brought by high-quality content, the Company has expanded its offerings to business services, including online advertising services, enterprise value-added services and subscription services to address the evolving needs of New Economy companies and upgrading needs of traditional companies. The Company is supported by comprehensive database and strong data analytics capabilities. Through diverse service offerings and the significant brand influence, the Company is well-positioned to continuously capture the high growth potentials of China's New Economy.
For more information, please visit: http://ir.36kr.com.
Use of Non-GAAP Financial Measures
In evaluating its business, the Company considers and uses two non-GAAP measures, adjusted net income/(loss) and adjusted EBITDA, as supplemental measures to review and assess its operating performance. The presentation of these two non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. The Company presents these non-GAAP financial measures because they are used by the Company’s management to evaluate its operating performance and formulate business plans. The Company also believes that the use of these non-GAAP measures facilitates investors' assessment of its operating performance.
These non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. These non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using these non-GAAP financial measures is that they do not reflect all items of income and expense that affect our operations. Further, these non-GAAP measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited.
The Company compensates for these limitations by reconciling these non-GAAP financial measures to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating the Company’s performance. The Company encourages investors to review its financial information in its entirety and not rely on a single financial measure.
Adjusted net loss represents net loss excluding share-based compensation expenses.
Adjusted EBITDA represents adjusted net income/(loss) before interest income, interest expenses, income tax expense/(credit), depreciation of property and equipment and amortization of intangible assets.
For more information on these non-GAAP financial measures, please see the table captioned “Reconciliations of GAAP and non-GAAP results” set forth at the end of this press release.
Exchange Rate Information
This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from Renminbi to U.S. dollars and from U.S. dollars to Renminbi are made at a rate of RMB7.2672 to US$1.00, the exchange rate set forth in the H.10 statistical release of the Federal Reserve Board on of June 28, 2024.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s goal and strategies; the Company’s future business development, results of operations and financial condition; relevant government policies and regulations relating to our business and industry; the Company’s expectations regarding the use of proceeds from this offering; the Company’s expectations regarding demand for, and market acceptance of, its services; the Company’s ability to maintain and enhance its brand; the Company’s ability to provide high-quality content in a timely manner to attract and retain users; the Company’s ability to retain and hire quality in-house writers and editors; the Company’s ability to maintain cooperation with third-party professional content providers; the Company’s ability to maintain relationship with third-party platforms; general economic and business condition in China; possible disruptions in commercial activities caused by natural or human-induced disasters; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.
For investor and media inquiries, please contact:
In China:
36Kr Holdings Inc.Investor RelationsTel: +86 (10) 8965-0708E-mail: ir@36kr.com
Piacente Financial CommunicationsJenny CaiTel: +86 (10) 6508-0677E-mail: 36Kr@tpg-ir.com
In the United States:
Piacente Financial CommunicationsBrandi PiacenteTel: +1-212-481-2050E-mail: 36Kr@tpg-ir.com
36Kr Holdings Inc.UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS | |||||||||
December 31, | June 30, | June 30, | |||||||
2023 | 2024 | 2024 | |||||||
RMB’000 | RMB’000 | US$’000 | |||||||
Assets | |||||||||
Current assets: | |||||||||
Cash and cash equivalents | 41,464 | 48,935 | 6,734 | ||||||
Short‑term investments | 75,497 | 47,933 | 6,596 | ||||||
Accounts receivable, net | 139,408 | 74,220 | 10,213 | ||||||
Receivables due from related parties | 69 | 1,630 | 224 | ||||||
Prepayments and other current assets | 16,030 | 19,497 | 2,683 | ||||||
Total current assets | 272,468 | 192,215 | 26,450 | ||||||
Non‑current assets: | |||||||||
Property and equipment, net | 7,366 | 6,542 | 901 | ||||||
Intangible assets, net | 2,079 | 1,892 | 260 | ||||||
Long-term investments | 142,599 | 115,115 | 15,840 | ||||||
Operating lease right-of-use assets, net | 34,454 | 30,676 | 4,221 | ||||||
Total non‑current assets | 186,498 | 154,225 | 21,222 | ||||||
Total assets | 458,966 | 346,440 | 47,672 | ||||||
Liabilities | |||||||||
Current liabilities: | |||||||||
Accounts payable | 60,376 | 54,228 | 7,462 | ||||||
Salary and welfare payables | 36,046 | 35,900 | 4,940 | ||||||
Taxes payable | 5,940 | 2,916 | 401 | ||||||
Deferred revenue | 23,428 | 22,647 | 3,116 | ||||||
Amounts due to related parties | 261 | 43 | 6 | ||||||
Accrued liabilities and other payables | 25,152 | 22,673 | 3,120 | ||||||
Short-term bank loan | 9,950 | 10,000 | 1,376 | ||||||
Operating lease liabilities | 8,953 | 9,468 | 1,303 | ||||||
Total current liabilities | 170,106 | 157,875 | 21,724 | ||||||
Non-current liabilities: | |||||||||
Operating lease liabilities | 26,826 | 22,601 | 3,110 | ||||||
Other non-current liabilities | 174 | — | — | ||||||
Total non-current liabilities | 27,000 | 22,601 | 3,110 | ||||||
Total liabilities | 197,106 | 180,476 | 24,834 | ||||||
Shareholders’ equity | |||||||||
Ordinary shares | 694 | 694 | 95 | ||||||
Treasury stock | (11,502 | ) | (11,502 | ) | (1,583 | ) | |||
Additional paid-in capital | 2,064,264 | 2,064,316 | 284,059 | ||||||
Accumulated deficit | (1,796,189 | ) | (1,889,982 | ) | (260,070 | ) | |||
Accumulated other comprehensive loss | (5,290 | ) | (5,120 | ) | (703 | ) | |||
Total 36Kr Holdings Inc.’s shareholders’ equity | 251,977 | 158,406 | 21,798 | ||||||
Non-controlling interests | 9,883 | 7,558 | 1,040 | ||||||
Total shareholders’ equity | 261,860 | 165,964 | 22,838 | ||||||
Total liabilities and shareholders’ equity | 458,966 | 346,440 | 47,672 | ||||||
36Kr Holdings Inc.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS) | ||||||||||||
Six Months Ended | ||||||||||||
June 30,2023 | June 30,2024 | June 30,2024 | ||||||||||
RMB’000 | RMB’000 | US$’000 | ||||||||||
Revenues: | ||||||||||||
Online advertising services | 98,888 | 80,395 | 11,063 | |||||||||
Enterprise value-added services | 26,768 | 13,383 | 1,842 | |||||||||
Subscription services | 14,232 | 8,623 | 1,186 | |||||||||
Total revenues | 139,888 | 102,401 | 14,091 | |||||||||
Cost of revenues | (70,049 | ) | (56,931 | ) | (7,834 | ) | ||||||
Gross profit | 69,839 | 45,470 | 6,257 | |||||||||
Operating expenses: | ||||||||||||
Sales and marketing expenses | (64,836 | ) | (45,360 | ) | (6,242 | ) | ||||||
General and administrative expenses | (34,866 | ) | (62,828 | ) | (8,646 | ) | ||||||
Research and development expenses | (29,037 | ) | (8,807 | ) | (1,212 | ) | ||||||
Total operating expenses | (128,739 | ) | (116,995 | ) | (16,100 | ) | ||||||
Loss from operations | (58,900 | ) | (71,525 | ) | (9,843 | ) | ||||||
Other income/(expenses): | ||||||||||||
Share of loss from equity method investments | (307 | ) | (516 | ) | (71 | ) | ||||||
Long-term investment loss | - | (25,535 | ) | (3,514 | ) | |||||||
Short-term investment income | 776 | 424 | 58 | |||||||||
Government grant | 795 | 475 | 65 | |||||||||
Others, net | 4,763 | 817 | 112 | |||||||||
Loss before income tax | (52,873 | ) | (95,860 | ) | (13,191 | ) | ||||||
Income tax credit/(expenses) | 190 | (65 | ) | (9 | ) | |||||||
Net loss | (52,683 | ) | (95,925 | ) | (13,200 | ) | ||||||
Net loss attributable to non-controlling interests | 375 | 1,574 | 217 | |||||||||
Net loss attributable to 36Kr Holdings Inc.’s ordinary shareholders | (52,308 | ) | (94,351 | ) | (12,983 | ) | ||||||
Net loss | (52,683 | ) | (95,925 | ) | (13,200 | ) | ||||||
Other comprehensive income | ||||||||||||
Foreign currency translation adjustments | 1,153 | 170 | 24 | |||||||||
Total other comprehensiveincome | 1,153 | 170 | 24 | |||||||||
Total comprehensiveloss | (51,530 | ) | (95,755 | ) | (13,176 | ) | ||||||
Comprehensive loss attributable to non-controlling interests | 375 | 1,574 | 217 | |||||||||
Comprehensive loss attributable to 36Kr Holdings Inc.’s ordinary shareholders | (51,155 | ) | (94,181 | ) | (12,959 | ) |
Net loss per ordinary share (RMB) | ||||||||
Basic | (0.050 | ) | (0.090 | ) | (0.012 | ) | ||
Diluted | (0.050 | ) | (0.090 | ) | (0.012 | ) | ||
Net loss per ADS (RMB) | ||||||||
Basic | (1.258 | ) | (2.245 | ) | (0.309 | ) | ||
Diluted | (1.258 | ) | (2.245 | ) | (0.309 | ) | ||
Weighted average number of ordinary shares used in per share calculation | ||||||||
Basic | 1,039,599,446 | 1,050,508,220 | 1,050,508,220 | |||||
Diluted | 1,039,599,446 | 1,050,508,220 | 1,050,508,220 | |||||
Weighted average number of ADS used in per ADS calculation | ||||||||
Basic | 41,583,978 | 42,020,329 | 42,020,329 | |||||
Diluted | 41,583,978 | 42,020,329 | 42,020,329 | |||||
36Kr Holdings Inc.UNAUDITED RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS | ||||||||||
Six Months Ended | ||||||||||
June 30,2023 | June 30,2024 | June 30,2024 | ||||||||
RMB’000 | RMB’000 | US$’000 | ||||||||
Net loss | (52,683 | ) | (95,925 | ) | (13,200 | ) | ||||
Share-based compensation expenses | 3,707 | 47 | 7 | |||||||
Non-GAAP adjusted net loss | (48,976 | ) | (95,878 | ) | (13,193 | ) | ||||
Interest income, net | (684 | ) | (485 | ) | (67 | ) | ||||
Income tax (credit)/expenses | (190 | ) | 65 | 9 | ||||||
Depreciation and amortization expenses | 693 | 951 | 131 | |||||||
Non-GAAP adjusted EBITDA | (49,157 | ) | (95,347 | ) | (13,120 | ) | ||||
Asian equities traded in the US as American depositary receipts were falling sharply Monday morning, dropping 2.56% to 1,934.78 on the S&P Asia 50 ADR Index.
From North Asia, the gainers were led by education company Four Seasons Education and computer hardware maker Canaan , which climbed 12.1% and 4.9% respectively. They were followed by automotive ecommerce platform TuanChe and fintech firm Jiayin Group , which rose 7.2% and 3.4% respectively.
The decliners from North Asia were led by video-sharing platform Bilibili and polysilicon manufacturer Daqo New Energy , which fell 7.1% and 5.3% respectively. They were followed by mobile big data platform Aurora Mobile and brand platform 36Kr , which lost 6.3% and 3.4% respectively.
From South Asia, the gainers were led by IT firm Sify Technologies and telecommunications operator Telekomunikasi Indonesia , which rose 1% and 1.3% respectively. They were followed by IT company Wipro and telecommunications operator PLDT , which were up 0.6% and 0.5% respectively.
The lone decliner from South Asia was tech conglomerate Sea , which was down 2.3%.
Asian equities traded in the US as American depositary receipts were surging higher Friday morning, climbing 1.2% to 1,977.76 on the S&P Asia 50 ADR Index. The gain helped nudge the index into positive territory for the week.
From North Asia, the gainers were led by video-sharing platform Bilibili and brand platform 36Kr , which advanced 13% and 5.4% respectively. They were followed by automotive ecommerce platform Cango and mobile big data platform, which rose 5% each.
The decliners from North Asia were led by video-streaming service iQIYI and ecommerce fashion platform MOGU , which lost 7.5% and 1.6% respectively. They were followed by mobile app developer Cheetah Mobile and fintech firm AMTD Digital , which dropped 1.5% and 0.5% respectively.
From South Asia, the gainers were led by telecommunications operator Telekomunikasi Indonesia and IT firm Sify Technologies , which increased 2% and 4.9% respectively. They were followed by financial services companies HDFC Bank and ICICI Bank , which were up 1.5% and 1% respectively.
The only decliners from South Asia were IT firms Infosys and Wipro , which were off 0.6% and 0.2% respectively.
White Label
Data API
Web Plug-ins
Poster Maker
Affiliate Program
The risk of loss in trading financial instruments such as stocks, FX, commodities, futures, bonds, ETFs and crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.
No decision to invest should be made without thoroughly conducting due diligence by yourself or consulting with your financial advisors. Our web content might not suit you since we don't know your financial conditions and investment needs. Our financial information might have latency or contain inaccuracy, so you should be fully responsible for any of your trading and investment decisions. The company will not be responsible for your capital loss.
Without getting permission from the website, you are not allowed to copy the website's graphics, texts, or trademarks. Intellectual property rights in the content or data incorporated into this website belong to its providers and exchange merchants.