Summary by Moomoo AI
HK Tech Venture Limited ("HK Tech Venture") announced its interim business performance for the six months ended June 30, 2024. Despite facing a challenging local retail environment, the group's e-commerce business achieved stable growth. During the period, the group's revenue reached HK$1,897,548,000, an increase of 3.8% compared to the same period last year. However, due to the start-up losses of new exploration projects, the group recorded a net loss of HK$27,478,000, compared to a net profit of HK$48,696,000 in the same period last year. The group continues to invest in new business models and technology research and development, and actively promotes consumer adoption of online purchases of wet market products. The board of directors has decided not to distribute interim dividends in order to retain liquid funds for future capital expenditure plans, new venture capital projects, and share repurchase programs.