During Friday’s current trade, MannKind Corporation (NASDAQ:MNKD)’s shares declined -4.85%, to $3.83, hitting its lowest level.
MannKind Corporation (MNKD) declared that it will present at the Bank of America Merrill Lynch 2015 Healthcare Conference on Wednesday, May 13, 2015 at 12:00 pm Pacific Time at the Encore at the Wynn Hotel in Las Vegas, Nevada.
MannKind Corporation, a biopharmaceutical company, focuses on the discovery, development, and commercialization of therapeutic products for diabetes in the United States. Its lead product is AFREZZA inhalation powder, an insulin to control high blood sugar in adult patients with type 1 and type 2 diabetes. MannKind Corporation was founded in 1991 and is headquartered in Valencia, California.
Alibaba Group Holding Ltd (NYSE:BABA)’s shares gained 1.71% to $87.50, during the current trading session Friday’s.
Alibaba Group Holding Ltd (BABA), declared its financial results for the quarter ended March 31, 2015 and the fiscal year then ended (“fiscal year 2015”).
“Alibaba had a strong quarter with noteworthy growth across our key operating metrics,” said Jonathan Lu, Chief Executive Officer of Alibaba Group. “We grew revenue, gross merchandise volume and annual active buyers, and we expanded our unrivaled leadership position in mobile.” Lu continued, “GMV across our China retail marketplaces grew 40% year-on-year, and our annual active buyers raised to 350 million, an enhance of 37% year-on-year. We extended our strong leadership position in mobile to 289 million monthly active users on our mobile e-commerce apps in the month of March and US$49 billion in mobile GMV during the March quarter. Our business continues to perform well, and our results highlight both the strength of our ecosystem and the strong foundation we have for sustainable future growth in China, and beyond.”
“Alibaba performed very well, growing revenue 45% year-on-year,” said Maggie Wu, Chief Financial Officer of Alibaba Group. “We continue to execute our growth strategy and focus on long-term value creation. The fundamental strength of our business gives us the confidence to invest in new initiatives, add new users, improve customer experience and expand our products and services.”
Current CEO, Jonathan Lu, will work with Daniel to ensure a successful transition in the coming months. Jonathan will remain on the board of directors of Alibaba Group as Vice Chairman. In this capacity Jonathan will play an important role in developing future leaders of Alibaba Group. This role is especially important as Alibaba Group continues to build the necessary talent to enable the company to grow and thrive in a rapidly changing environment.
Daniel Zhang has been with the company for eight years and has held top administration positions across the organization. He is also one of the founding members of the Alibaba Partnership. Daniel has been Alibaba’s chief operating officer since September 2013. In his role as COO, Daniel oversaw the operations of all Alibaba Group businesses in China and internationally.
Daniel Zhang said, “I’m excited to take on this new challenge. It is an immense responsibility, and I’m grateful to every member of the Alibaba team for their commitment and dedication to excellence.”
Alibaba Group Holding Limited, through its auxiliaries, operates as an online and mobile commerce company in the People’s Republic of China and internationally. It operates Taobao Marketplace, an online shopping destination; Tmall, a third-party platform for brands and retailers; Juhuasuan, a group buying marketplace; Alibaba.com, an online business-to-business marketplace that focuses on global trade among businesses; 1688.com, an online wholesale marketplace; and AliExpress, a consumer marketplace.
In an afternoon trade, JD.Com Inc(ADR) (NASDAQ:JD)’s shares climbed 1.60%, to $33.61.
Today, JD.Com Inc (JD), declared its unaudited financial results for the quarter ended March 31, 2015.
First Quarter 2015 Financial Results
GMV and Net Revenues. GMV for the first quarter of 2015 was RMB87.8 billion (US$14.2 billion), up 99% from the first quarter of 2014. GMV from the online direct sales and online marketplace businesses totaled RMB50.9 billion and RMB36.9 billion, respectively, in the first quarter of 2015, an enhance of 63% and 185%, respectively, from the first quarter of 2014. GMV from electronics and home appliance products was RMB44.4 billion in the first quarter of 2015, an enhance of 65% from the first quarter of 2014, while GMV from general merchandise and others was RMB43.4 billion in the first quarter of 2015, an enhance of 152% from the first quarter of 2014. As a percentage of total GMV, GMV from general merchandise and others raised to 49.4% in the first quarter of 2015 from 39.1% in the first quarter of 2014.
For the first quarter of 2015, JD.com stated net revenues of RMB36.6 billion (US$5.9 billion), representing a 62% enhance from the same period in 2014. The enhances in GMV and net revenues were primarily due to the growth in active customer accounts and the number of fulfilled orders in the first quarter of 2015. Net revenues from online direct sales raised by 59%, while net revenues from services and others raised by 139% in the first quarter of 2015, as contrast to the first quarter of 2014, primarily due to the raised revenues from the Company’s rapidly expanding online marketplace and advertising services.
Cost of Revenues. Cost of revenues raised by 58% to RMB32.2 billion (US$5.2 billion) in the first quarter of 2015 from RMB20.4 billion in the first quarter of 2014. The enhance was primarily due to the growth of the Company’s direct sales business and the raised traffic acquisition costs directly related to the online marketing services offered to merchants and suppliers.
Fulfillment Expenses. Fulfillment expenses, which primarily comprise procurement, warehousing, delivery and customer service expenses, raised by 97% to RMB2.7 billion (US$0.4 billion) in the first quarter of 2015 from RMB1.4 billion in the first quarter of 2014.This enhance was primarily due to the expansion of delivery services offered to merchants on the Company’s marketplace and the expansion of the Company’s fulfillment infrastructure to smaller cities.
Marketing Expenses. Marketing expenses rose by 140% to RMB1.4 billion (US$0.2 billion) in the first quarter of 2015 from RMB0.6 billion in the first quarter of 2014. Non-GAAP marketing expenses4 rose by 89% to RMB1.1 billion (US$0.2 billion) in the first quarter of 2015 from RMB0.6 billion in the first quarter of 2014. The enhance of non-GAAP marketing expenses was primarily due to the raised brand advertising and other online marketing activities during the Chinese Spring festival.
Technology and Content Expenses. Technology and content expenses raised by 147% to RMB704.4 million (US$113.6 million) in the first quarter of 2015 from RMB285.0 million in the first quarter of 2014.This enhance was primarily due to an enhance in the number of technology employees, which comprised of the addition of research and development talent after the Tencent transaction in March 2014, in addition to senior technology employees hired to continuously improve the Company’s mobile and big data technologies.
General and Administrative Expenses. General and administrative expenses reduced to RMB479.9 million (US$77.4 million) in the first quarter of 2015 from RMB3.9 billion in the first quarter of 2014 due to certain special share-based compensation in the preceding year period. Non-GAAP general and administrative expenses4 rose by 82% to RMB353.5 million (US$57.0 million) in the first quarter of 2015 from RMB194.0 million in the first quarter of 2014. The enhance of non-GAAP general and administrative expenses was generally in line with our expanded scale of operations.
Net Loss and Non-GAAP Net Loss. Net loss for the first quarter of 2015 was RMB710.2 million (US$114.6 million), contrast to RMB3.8 billion for the same period last year. The change was primarily due to the decrease in share-based compensation expenses partially offset by the enhance in amortization of intangible assets resulting from assets and business acquisitions related to the Tencent planned partnership. Non-GAAP net loss for the first quarter of 2015 was RMB205.6 million (US$33.2 million) as contrast to RMB80.1 million in the first quarter of 2014. Non-GAAP net margin for the first quarter of 2015 was negative 0.6% as contrast to negative 0.4% in the first quarter of 2014.
Net Loss Per ADS5 and Non-GAAP Net Loss Per ADS6. Net loss per ADS for the first quarter of 2015 was RMB0.52 (US$0.08), contrast to RMB5.80 for the first quarter of 2014. Non-GAAP net loss per ADS for the first quarter of 2015 was RMB0.15 (US$0.02) as contrast to RMB0.09 in the first quarter of 2014.
JD.com, Inc., through its auxiliaries, operates as an online direct sales company in the People’s Republic of China. It primarily offers electronics and home appliances products; and general merchandise products, counting audio and video products, and books. The company sells its products directly to customers through its Website jd.com and mobile applications. It also provides an online marketplace for third-party sellers to sell products to customers through its Website and mobile applications; and services, such as online advertising, transaction processing, and Internet financing, in addition to offers a suite of value-added fulfillment and other services for third-party sellers.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
