The second largest fine in the payment industry this year has been issued, with Youzan Payment being heavily fined 27.87 million yuan, while Lakala, Du Xiaoman, and others have been "double punished".

The Beijing branch of the People's Bank of China disclosed five penalty orders for payment institutions on September 10th. Among them, Yoozhang Payment was fined 27.87 million yuan, setting the second largest penalty in the payment industry this year, and both former CEOs were fined, which is rare. Experts in the industry say that regulatory oversight is becoming more detailed, with requirements for complete record-keeping from service agreement formats to transaction information. From the perspective of regulatory trends, the dual penalty system for the payment sector is still in effect.

cls.cnSep 11 09:06 ET

Performance under pressure, Laiyifen also turns to the embrace of discount snacks | Interpretations of financial reports

① The revenue of direct-operated stores decreased year-on-year, and Shanghai laiyifen's first-half profits did not meet expectations; ② The company has started to focus on snack discount formats, and its first warehouse membership store was launched in Shanghai this month.

cls.cnAug 29 11:53 ET

Why is it difficult for Fat Donglai to solve Yonghui's questions

Fat Donglai, who was once praised by Lei Jun as “the magic presence of China's retail industry,” has been a bit busy lately. Following the launch of targeted support for*ST Bugao (002251.SZ) in December of last year, Fat Donglai recently took another step to help Yonghui Supermarket (601933.SZ), a leading fresh food supermarket. As soon as news broke that the founder of Fat Donglai visited Yonghui Supermarket's Zhengzhou store on May 8, Yonghui Supermarket immediately reaped a rise and fall, increasing its market value by 2.2 billion yuan. But in reality, Fat Donglai, who set off the secondary market, is only a regional retailer in the far corner of Henan Province. Revenue just broke 10 billion dollars in 2023; Yonghui Supermarket is the industry

wallstreetcnMay 10 21:58 ET

Quitting Zhao Yiming's Liangpin Store did not give up on selling snacks in bulk

You have to control the “lifeblood” of the channel yourself.

wallstreetcnOct 18, 2023 21:16 ET

Market recovery is slow and costs are rising, and Miakelanduo's net profit dropped by more than 90% in the second quarter丨Financial News

In the first half of this year, Miaokeranduo's operating income was 2,066 billion yuan, down 20.35% from the previous year; net profit from the previous year was 285.67 million yuan, a sharp drop of 78.36% from the previous year; net profit after deducting non-return net profit was 2,7572 million yuan, a sharp drop of 97.62% from the previous year. The company believes that factors such as slow recovery in the consumer market, rising costs, and exchange rate fluctuations were the main factors contributing to the company's poor performance in the second quarter and first half of the year.

wallstreetcnAug 28, 2023 14:22 ET

The net profit of “rapeseed” arowana fell short in the first half of the year. It was less than 1 billion dollars, a sharp drop of 99.40% after deducting non-net profit | Earnings News

Arowana, once known as “rapeseed,” seems to be in a profit situation. Net profit for the first half of the year fell 51.13% year on year, and net profit after deducting non-net profit fell 99.40% year on year. On the afternoon of August 11, Arowana announced its 2023 semi-annual report. As of June 30, arowana's revenue was 118.714 billion yuan, down 0.64% year on year; net profit attributable to shareholders of listed companies was 966 million yuan, down 51.13% year on year; net profit attributable to shareholders of listed companies deducted non-recurring profit and loss was 144.27 million yuan, down 99.40% year on year; basic earnings per share of 0.18 yuan, compared

Wallstreet NewsAug 11, 2023 08:03 ET