01137 HK TECH VENTURE
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HK TECH VENTURE News
In October 2024, the total commodity trade value of the hk tech venture (01137.HK) reached 0.719 billion Hong Kong dollars.
Gronghui November 11th | hk tech venture (01137.HK) announced that despite the ongoing weakness in the Hong Kong retail trade sector, the company's Hong Kong e-commerce business achieved inspiring operational performance in October 2024, especially benefiting from the October Thanksgiving Festival starting from October 15, 2024: 1. The average daily order total commodity trade volume increased by 4.5%, reaching 23.2 million Hong Kong dollars in October 2024, resulting in a monthly order total commodity trade volume of 0.719 billion Hong Kong dollars; 2. The monthly active users of the HKTVmall app increased to approximately 1.67 million; and 3. independent
Hong Kong Technology Venture's Average Daily GMV Falls 3% in September
hk tech venture (01137.HK) saw a slight decrease in the number of independent customers in September.
Glory 7 October|hk tech venture(01137.HK) announced that compared to August 2024, the performance of Hong Kong electronic commerce business in September 2024 was somewhat affected by routine seasonal declines and public holiday effects. The average daily total commodity transactions of orders decreased by 3.1% in September 2024 to HK$22,200,000, lower than August 2024's HK$22,900,000. The number of individual customers also slightly decreased from about 618,000 customers last month to about 602,000 customers, but compared to around 587,000 in September 2023.
Hong Kong Technology Venture Records Slightly Higher Order Intake for August
HK TECH VENTURE: 2024 INTERIM REPORT
HKTVmall launches a new online store model called "Exhibition Store".
hk tech venture (01137.HK) subsidiary HKTVmall announced the launch of a new online store model, "Display Store," under which merchants do not need to open a store on the HKTVmall platform. Instead, they can showcase their products and services through the platform and direct customers to their official website for shopping and completing payments. Order payment and logistics arrangements will be handled by the merchants themselves, providing more choices and greater flexibility. The company stated that it has upgraded the HKTVmall search engine to develop it into a large-scale shopping search engine in Hong Kong.
Hong Kong Technology Venture Swings to Loss in H1
Wang Weiji: HKTVmall will continue to strengthen investment and develop new business in the coming years.
hk tech venture (01137.HK) turned from profit to loss in the first half of this year, with a loss of about 27.478 million yuan, compared to a profit of 48.696 million yuan in the same period last year. Adjusted EBITDA was about 37.6 million yuan, down 54.5% year-on-year. Vice Chairman and Group CEO Wang Weiji said that in the face of the complex and changeable business environment in the future, it is necessary to diversify development and continue to make new attempts, so in the next few years, with the support of stable performance of HKTVmall, investment will continue to be strengthened and new business will be developed. Based on the cost principle, after adjustments in the first half of the year
hk tech venture (01137.HK) first half year revenue increased by 3.8% to 1.898 billion Hong Kong dollars. The total commodity trading volume of completed orders reached 4.2 billion Hong Kong dollars.
On August 23, Hk Tech Venture (01137.HK) announced its interim performance. In the first half of 2024, the total trade volume of completed orders recorded a growth of 5.2%, reaching 4.1997 billion Hong Kong dollars. The group's revenue increased by 3.8% to 1.8975 billion Hong Kong dollars, with revenue mainly coming from the following projects: 1. Direct commodity sales of 1.1725 billion Hong Kong dollars; 2. Franchise sales and other service revenue of 0.6597 billion Hong Kong dollars; and 3. Multimedia advertising revenue and program copyright of 65.4 million Hong Kong dollars. In the first half of 2024, direct commodity sales increased by 0.9%, while storage
hk tech venture (01137.HK) turned from profit to a loss of 27.478 million yuan in the first half.
hk tech venture (01137.HK) announced its interim performance as of the end of June this year, with revenue of 1.898 billion yuan, up 3.8% year-on-year. Profit turned into a loss of 27.478 million yuan, compared to a profit of 48.696 million yuan in the same period last year; with a loss of 3 cents per share. No dividend will be distributed. During the period, the total commodity trading volume of the group's orders reached 4.235 billion yuan, an increase of 4.9% compared to the same period last year.
HK TECH VENTURE: INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2024
Express News | TVB's EBITDA turned positive year-on-year in the first half of the year, with a 22% increase in revenue from its china mainland business segment.
Hong Kong Technology Venture Expects to Swing to Loss in H1
Hong Kong tech venture (01137.HK) is expected to lose 25 million to 30 million yuan in the first half of the year, according to "Profit Warning".
Hk tech venture (01137.HK) issued a profit warning, expecting a loss of between 25 million to 30 million yuan for the six-month period ending June, and an adjusted EBITDA of between 35 million to 40 million yuan, compared to a profit of 48.7 million yuan and an adjusted EBITDA of 82.6 million yuan in the same period last year. The main reason is due to the initial phase of new exploration projects expected to incur losses and certain significant non-cash items.
hk tech venture (01137) issued a profit warning, expecting a mid-term loss between 25 million HKD and 30 million HKD.
hk tech venture (01137) has announced that despite the slow economic recovery and changes in the consumption patterns of tourists and residents...
HK TECH VENTURE: PROFIT WARNING FOR THE SIX MONTHS ENDED 30 JUNE 2024
hk tech venture (01137.HK) total order amount in July was 0.7 billion yuan, up 4.6% month-on-month.
HK Tech Venture (01137.HK) announced that in July, the total commodity transaction amount of electronic business orders was 0.7 billion yuan, up 4.6% month-on-month, and down 0.3% year-on-year; the average daily total commodity transaction amount of orders was 22.6 million yuan, up 1.3% month-on-month, and remained flat year-on-year. During the period, the average daily number of orders was 49,900, up 0.2% month-on-month and up 1.2% year-on-year; the average order value was 452 yuan, up 0.9% month-on-month and down 1.7% year-on-year.
HK Tech Venture (01137): The total commodity trading amount of Hong Kong electronic business in July reached HKD 0.7 billion, a decrease of 0.3% compared to the same period last year.
HK Tech Venture (01137) announced that the electronic commerce business in Hong Kong will maintain stability by July 2024,...
HKTVmall suspected of selling public hospital medication, Hong Kong government: Department of Health is in serious contact with Hospital Authority to investigate the incident.
It has been circulating on social media that a citizen purchased the drug Lactulose from a merchant on HKTVmall, under Hong Kong Technology Venture (01137.HK), and discovered that the drug had labels for public hospital patients attached upon receiving the product. The Hong Kong Government issued a statement last night (13th), expressing their high concern regarding the suspicion of reselling drugs for public hospital patients on online platforms, and will handle the incident seriously. They also reiterated that the Department of Health has established mechanisms to monitor the sales of health products and medicines (including the Internet) in the Hong Kong market. The Department of Health is contacting the Hospital Authority to conduct a thorough investigation of the incident, and will take appropriate law enforcement action decisively.
Accused of selling public housing medicine, HKTVmall claims to have temporarily removed the product and requested proof of the source of goods from the merchant.
There are rumors online that some citizens purchased the drug Lactulose from a merchant on the HKTVmall platform under hk tech venture (01137.HK), and found that the medicine had labels from public hospital patients attached. When queried by the media, HKTVmall responded that the incident occurred last year, and that the customer reported the product problem to HKTVmall on July 9th after receiving the goods on May 29th. The merchant later claimed that the relevant closed-circuit television footage and shipping photos had been removed and that no data could be provided. On July 25th, HKTVmall recalled the product and refunded the money. The merchant then complained to
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