1/23/2024 0 Comments Linkdoc technology limited![]() Cover Story: Chinese Battery Makers Gird for Price War in Competition to Supply EV Producers Tencent Unveils Business-Focused AI as Race With China Peers Heats Up International Olympic Committee Creates New Esports Commission China Fines Top Academic Database $6.84 Million Caixin Explains: Why China’s Solar Giants Are Getting Even Bigger New Huawei Handset Selling Fast in China as Chip Speculation Swirls Analysis: How China’s Chipmakers Can Level the Playing Field Huawei Quietly Debuts Flagship Smartphone in Effort to Ride Sales Wave Li Auto’s First Pure EV to Use CATL’s Fast-Charging BatteriesĬhina Investment Corporation-backed LinkDoc Technology (Beijing) Company Limited, a provider of medical data solutions and oncology big data services, has raised 700 million yuan ($102 million) in a Series D+ round from undisclosed existing investors, LinkDoc announced on WeChat on Monday. ![]() Waivers New Huawei Tech-Powered Electric Car Launches With a Bang China’s BeiDou Satellite System Comes Down to Earth China Wins First Ever Esports Gold Medal at Asian Games Huawei Unveils New Products Boasting Self-Developed Chips Qualcomm Mulling ‘Adjustments’ in China as Part of Global Layoff Plan Honor’s Latest Sales Forecast Shows It’s Pinning High Hopes on Overseas Market Alibaba Opens AI Model to Public TikTok Launches In-App Shopping Feature in the U.S. However, on July 1, 2021, Weipaitang was fined 1.35 million yuan by the Hangzhou Municipal Market Supervision Administration for misleading promotion, failing to take necessary measures to prevent illegal acts against consumers’ rights and interests, and other illegal acts by the platform operator.LATEST Didi’s Self-Driving Unit to Receive $149 Million Investment From State-Linked Firms China Issues Aerospace Plan Including Push for Flying Cars Samsung and SK Hynix China Factories Win U.S. Commission income accounted for more than 50% of the total income, and became increasingly concentrated, accounting for 57.1% in 2019, 64.0% in 2020 and 63.2% in 2021. Specifically, the platform service fee accounts for the largest proportion, which consists of commissions and annual platform service fees. SEE ALSO: Pharmaceutical Trading Platform Yaoshibang Applies for Hong Kong IPOĪccording to the prospectus, the income of Weipaitang is mainly divided into three categories: platform service fees, online marketing service fees and others. Net profit totaled 137 million yuan in 2019, 53.82 million yuan in 2020 and 142 million yuan in 2021, indicating obvious fluctuation. Meanwhile, its gross profit was 340 million yuan in 2019, 814 million yuan in 2020 and 752 million yuan in 2021. The revenues of Weipaitang were 473 million yuan in 2019, 1.07 billion yuan in 2020 and 978 million yuan in 2021. ![]() ![]() The average MAU had reached about 5 million. In 2021, the number of active buyers exceeded 3.9 million, and the total number of orders exceeded 85.2 million. These merchants have provided a wide range of products on the platform.Īs of December 31, 2021, there were more than 74 million registered users and more than 331,000 registered merchants. There were reportedly more than 108,000 active merchants on the platform in 2019. The company said that under the current market mode, most of the products on Weipaitang are provided by merchants. The company also pointed out that as of December 31, 2021, it was one of the professional platforms with the most comprehensive collectible handicraft categories. ![]() The prospectus cites data from Frost & Sullivan showing that, in 2021, the GMV of collectible handicraft transactions promoted by Weipaitang reached 40.5 billion yuan ($6.03 billion). Weipaitang, an online auction platform for collectible handicrafts, submitted application materials for a public listing on the Hong Kong Stock Exchange (HKEx) on Wednesday. ![]()
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