— Bitauto Holdings Limited (NASDAQ: BITA) reported third-quarter 2019 earnings of $0.10 per share, vs. $0.39 per share expected.
— Net revenue fell 7% $355.5 million, vs. $378 million expected. The top line was hurt by weakness in passenger vehicle sales in China.
— Revenue from the advertising and subscription business declined 13% in Q3, even as revenue from the transaction services business rose 4%.
— BITA shares tanked 3.7% following the results.
The positive effects of widespread digitalization and e-commerce growth on China’s financial services industry became more pronounced during the pandemic as the movement restrictions drove more retail customers to online
Shares of Activision Blizzard Inc. (NASDAQ: ATVI) were up 1.6% on Thursday. The stock has dropped 14% since the start of the year. The company has been in the news
The emergence of technology-driven financial services is making people think beyond conventional banks when it comes to availing loans and transferring funds. In a move aimed at taking its business