Curated News
By: NewsRamp Editorial Staff
April 23, 2024
Linklogis Inc. Achieves Strong First Quarter Results for 2024
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- Linklogis achieved a year-over-year transaction volume increase of 45% in the first quarter, reaching a historical high for a single quarter.
- Linklogis focused on developing its two core sectors: Anchor Cloud and FI Cloud, maintaining rapid growth and promoting the healthy, stable, and orderly development of the industry chain of supply chain finance.
- Linklogis's achievements demonstrate its solid start, continuous promotion of economic growth, and technological progress, reflecting a commitment to enhancing shareholder returns.
- Linklogis facilitated small live-streaming merchants on various platforms in obtaining financing and reached comprehensive cooperation with financial institutions in live-streaming e-commerce supply chain finance.
Impact - Why it Matters
The news is crucial as Linklogis Inc.'s strong performance signals positive signs for the supply chain finance industry and the overall economy. The company's expansion into international business and focus on new growth sources will impact global trade and SMEs. Additionally, the commitment to enhancing shareholder returns through dividends and repurchases reflects the company's stability and long-term growth potential.
Summary
Linklogis Inc. (09959.HK, “Linklogis”), a leading supply chain finance technology solution provider in China, released its first-quarter results for 2024, showing signs of comprehensive recovery and improvement. The company's total transaction volume reached RMB96.2 billion, a year-over-year increase of 45%, with significant growth in core business sectors. Linklogis also expanded its international business presence, focusing on live-streaming e-commerce and cross-border e-commerce to drive new sources of growth. The company's business momentum has shown signs of recovery and improvement, with dividends and repurchases enhancing shareholder returns.
Source Statement
This curated news summary relied on this press release disributed by BlockchainWire. Read the source press release here, Linklogis Inc. Achieves Strong First Quarter Results for 2024
