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Why Tilray Stock Plummeted by 42% in 2024
Any investor hoping to reap the rewards by holding marijuana companies must be a shiny-eyed optimist at this point. Weed companies are among the worst performers on the stock exchange since they are constantly barraged by headwinds in North America. At the very least, they have to contend with heavy...The Motley Fool
Jan 15, 2025
Ficus Technology Holdings Limited (8107.HK) Distributes Products from China Co-op 832 Platform Expand Product Offering, Enhance Margin, and Support Local Agricultural Products
Ficus Technology Holdings Limited (8107.HK) Distributes Products from China Co-op 832 PlatformExpand Product Offering, Enhance Margin, and Support Local Agricultural Products(Hong Kong – 14 January 2025) Innovative supply chain management service provider –Ficus Technology Holdings Limited (“Ficus Technology” or the “Company”, together with its subsidiaries, the “Group”) is pleased to announce that it has established a strategic business relationship with China Co-op E-Commerce Co., Limited (the “China Co-op”), a wholly-owned subsidiary of China Co-op Group Co., Ltd., and the e-commerce segment under the All China Federation of Supply and Marketing Cooperatives (the “ACFSMC”). The Group will market and distribute the 832 Products on its e-commerce platform, Ficus Discovery (www.ficusdsc.com) (“Ficus Discovery”), and shall leverage its market resources and utilize international quality assurance certifications to facilitate the domestic and overseas distribution of 832 Products. It is the intention of the Group to cultivate a corporate client base and facilitate recurring bulk purchases through Ficus Discovery.China Co-op has been operating an e-commerce platform, www.fupin832.com (the ‘‘832 Platform’’) since January 2020. The 832 Platform aligns with the People’s Republic of China (the ‘‘PRC’’) Government’s mission to support the agricultural producers in 832 poverty alleviation regions (the ‘‘832 Regions’’) by marketing the products produced from the 832 Regions (the ‘‘832 Products’’) to organizations and individuals across the nation. Over 70 central enterprises and 3,000 state-owned enterprises place orders through the 832 Platform, aligning their objectives with the directives of the PRC Government. The 832 Platform has generated cumulative sales exceeding RMB50 billion since its inception in 2020, showcasing more than 400,000 selections of products. The ACFSMC is a joint organization of the national supply and marketing cooperatives of the PRC with total sales of RMB7.3 trillion and a year-on-year increase of 12.6% in 2023.For the purpose of implementing the scope of works under an existing framework cooperation agreement (the “China Co-op Agreement”) between Liaoning Limeng Energy Trading Co., Limited* (“Limeng”) and China Co-op, the Group has reached a supply chain management agreement with Limeng (the “Supply Chain Management Agreement”), for an exclusive term of ten years for providing services focusing on the distribution of the 832 Products from the 832 Regions. For the exclusive provision of supply chain management services rendered by the Group under the Supply Chan Management Agreement, the Group shall entitle to 95% of the gross profit after deduction of income tax and other direct cost of sales with respect to revenue of Limeng that generate from the China Co-op Agreement. As Limeng acquires the 832 Products directly from the 832 Platform, the supply chain management agreement will also bring a diverse array of more than 400,000 selections of products for Ficus Discovery to select from, further diversifying its current income streams while generating higher conversion and customer stickiness. By combining the Group’s anti-counterfeit, traceability and marketing know-how, as well as extensive network of lottery kiosks and community service centers, the Group also reinforces its commitment to corporate social responsibility (CSR) and environmental, social, and governance (ESG), fostering the distribution of the 832 Products and support the economic development of the 832 Regions.About LimengEstablished in 2022, Limeng is a mixed-ownership enterprise, with 40% of its equity interest indirectly owned by the state-controlled enterprise Liaoning Provincial Investment Group Co., Limited*. It primarily engages in a diverse range of activities including supply chain management, bulk commodity trading, internet-information technology, domestic and international trade agency services, and others. As a partner of China Co-op through the China Co-op Agreement, Limeng has been promoting and distributing 832 Products while also strives to support the domestic distributions and cross-border export of agricultural products from the 832 Regions. About Ficus DiscoveryFicus Discovery is a comprehensive electronic commerce platform operated by the Group that offers distinctive properties including anti-counterfeit, traceability and marketing functions, which are able to boost customer confidence and reinforce the authenticity of the products. Along with its valuable connections with a number of lottery kiosks and local community service centres, the platform is well-positioned to be a trustworthy gateway for brands and manufacturers to access target customers.Mr. Chan Ting, Chairman and Executive Director of Ficus Technology Holdings Limited commented: “We are honour to be part of this collaboration, facilitating the distribution of the 832 Products while contributing towards poverty alleviation and creating a better community. The strategic move is not only expected to enrich our product offerings and generate new revenue streams, but by considering that over 70 central enterprises and 3,000 state-owned enterprises place orders through the 832 Platform, this should also greatly expand our market reach, allowing us to establish long-term business relationship with notable corporate clients that can offer recurring and sustainable bulk purchase demand.”“The collaboration with the well-known 832 Platform should also further raise the profile of Ficus Discovery, attracting new traffic to the platform while improving existing customers stickiness and conversion. One of the key strength and objective of Ficus Discovery is to bring assured quality and authentic products to consumers, this latest business development opens up new exposures to the Group in attracting more strategic partners with the same believe and needs to jointly find the way to future e-commerce era where product quality, authenticity and consumer confidence are no longer the issues. Looking ahead, we will continue to expand our network and product offerings through strategic collaborations, striving to create long-term values for our customers through authentic products.”- END - About Ficus Technology Holdings Limited（8107.HK）Ficus Technology Holdings Limited is an innovative supply chain management service provider, mainly focusing on the sales of apparel products along with the provision of relevant supply chain management services. The Group’s advanced supply chain management services include anti-counterfeit, traceability, and marketing functions, capable of protecting brand equity for both apparel andotherproducts. 15/01/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Jan 15, 2025
Ficus Technology Holdings Limited (8107.HK) Distributes Products from China Co-op 832 Platform Expand Product Offering, Enhance Margin, and Support Local Agricultural Products
Ficus Technology Holdings Limited (8107.HK) Distributes Products from China Co-op 832 PlatformExpand Product Offering, Enhance Margin, and Support Local Agricultural Products(Hong Kong – 14 January 2025) Innovative supply chain management service provider –Ficus Technology Holdings Limited (“Ficus Technology” or the “Company”, together with its subsidiaries, the “Group”) is pleased to announce that it has established a strategic business relationship with China Co-op E-Commerce Co., Limited (the “China Co-op”), a wholly-owned subsidiary of China Co-op Group Co., Ltd., and the e-commerce segment under the All China Federation of Supply and Marketing Cooperatives (the “ACFSMC”). The Group will market and distribute the 832 Products on its e-commerce platform, Ficus Discovery (www.ficusdsc.com) (“Ficus Discovery”), and shall leverage its market resources and utilize international quality assurance certifications to facilitate the domestic and overseas distribution of 832 Products. It is the intention of the Group to cultivate a corporate client base and facilitate recurring bulk purchases through Ficus Discovery.China Co-op has been operating an e-commerce platform, www.fupin832.com (the ‘‘832 Platform’’) since January 2020. The 832 Platform aligns with the People’s Republic of China (the ‘‘PRC’’) Government’s mission to support the agricultural producers in 832 poverty alleviation regions (the ‘‘832 Regions’’) by marketing the products produced from the 832 Regions (the ‘‘832 Products’’) to organizations and individuals across the nation. Over 70 central enterprises and 3,000 state-owned enterprises place orders through the 832 Platform, aligning their objectives with the directives of the PRC Government. The 832 Platform has generated cumulative sales exceeding RMB50 billion since its inception in 2020, showcasing more than 400,000 selections of products. The ACFSMC is a joint organization of the national supply and marketing cooperatives of the PRC with total sales of RMB7.3 trillion and a year-on-year increase of 12.6% in 2023.For the purpose of implementing the scope of works under an existing framework cooperation agreement (the “China Co-op Agreement”) between Liaoning Limeng Energy Trading Co., Limited* (“Limeng”) and China Co-op, the Group has reached a supply chain management agreement with Limeng (the “Supply Chain Management Agreement”), for an exclusive term of ten years for providing services focusing on the distribution of the 832 Products from the 832 Regions. For the exclusive provision of supply chain management services rendered by the Group under the Supply Chan Management Agreement, the Group shall entitle to 95% of the gross profit after deduction of income tax and other direct cost of sales with respect to revenue of Limeng that generate from the China Co-op Agreement. As Limeng acquires the 832 Products directly from the 832 Platform, the supply chain management agreement will also bring a diverse array of more than 400,000 selections of products for Ficus Discovery to select from, further diversifying its current income streams while generating higher conversion and customer stickiness. By combining the Group’s anti-counterfeit, traceability and marketing know-how, as well as extensive network of lottery kiosks and community service centers, the Group also reinforces its commitment to corporate social responsibility (CSR) and environmental, social, and governance (ESG), fostering the distribution of the 832 Products and support the economic development of the 832 Regions.About LimengEstablished in 2022, Limeng is a mixed-ownership enterprise, with 40% of its equity interest indirectly owned by the state-controlled enterprise Liaoning Provincial Investment Group Co., Limited*. It primarily engages in a diverse range of activities including supply chain management, bulk commodity trading, internet-information technology, domestic and international trade agency services, and others. As a partner of China Co-op through the China Co-op Agreement, Limeng has been promoting and distributing 832 Products while also strives to support the domestic distributions and cross-border export of agricultural products from the 832 Regions. About Ficus DiscoveryFicus Discovery is a comprehensive electronic commerce platform operated by the Group that offers distinctive properties including anti-counterfeit, traceability and marketing functions, which are able to boost customer confidence and reinforce the authenticity of the products. Along with its valuable connections with a number of lottery kiosks and local community service centres, the platform is well-positioned to be a trustworthy gateway for brands and manufacturers to access target customers.Mr. Chan Ting, Chairman and Executive Director of Ficus Technology Holdings Limited commented: “We are honour to be part of this collaboration, facilitating the distribution of the 832 Products while contributing towards poverty alleviation and creating a better community. The strategic move is not only expected to enrich our product offerings and generate new revenue streams, but by considering that over 70 central enterprises and 3,000 state-owned enterprises place orders through the 832 Platform, this should also greatly expand our market reach, allowing us to establish long-term business relationship with notable corporate clients that can offer recurring and sustainable bulk purchase demand.”“The collaboration with the well-known 832 Platform should also further raise the profile of Ficus Discovery, attracting new traffic to the platform while improving existing customers stickiness and conversion. One of the key strength and objective of Ficus Discovery is to bring assured quality and authentic products to consumers, this latest business development opens up new exposures to the Group in attracting more strategic partners with the same believe and needs to jointly find the way to future e-commerce era where product quality, authenticity and consumer confidence are no longer the issues. Looking ahead, we will continue to expand our network and product offerings through strategic collaborations, striving to create long-term values for our customers through authentic products.”- END - About Ficus Technology Holdings Limited（8107.HK）Ficus Technology Holdings Limited is an innovative supply chain management service provider, mainly focusing on the sales of apparel products along with the provision of relevant supply chain management services. The Group’s advanced supply chain management services include anti-counterfeit, traceability, and marketing functions, capable of protecting brand equity for both apparel andotherproducts. 15/01/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Jan 15, 2025
Two Agilent Factories Among 13 to Join World Economic Forum Lighthouse Network
Recognition brings the company a total of four Lighthouse designations as global advanced factory for its breakthroughs in scaling Fourth Industrial Revolution SANTA CLARA, Calif., Jan. 15, 2025 /PRNewswire/ -- Agilent Technologies Inc. (NYSE: A) today announced the World Economic Forum has na...PR Newswire
Jan 15, 2025
Why Solid Power Stock Crumbled Today
Solid Power (NASDAQ: SLDP) was hardly looking like a powerful stock on Monday. The solid-state battery developer's price fell by nearly 10% on news of a departure from the company's C-suite. That decline stood in marked contrast to the performance of the S&P 500 index, which crept 0.1% higher on the...The Motley Fool
Jan 14, 2025
Why Walgreens Stock Tumbled 64% in 2024
Shares of Walgreens Boots Alliance (NASDAQ: WBA) fell sharply last year as a combination of declining vaccine demand, headwinds on consumer discretionary spending, and misguided acquisitions led to a series of dismal earnings reports from the company.As a result, Walgreens was forced to cut its divi...The Motley Fool
Jan 14, 2025
Twilio's Strong Earnings Capture Investors' Attention. Time to Buy the Stock?
Twilio (NYSE: TWLO) is an internet services and infrastructure company based in San Francisco, California. It primarily provides users with a cloud communication platform for a number of industries and varying business sizes.Twilio has been trading fairly flat for the last couple of years due to pro...The Motley Fool
Jan 14, 2025
Why Trump Media Stock Sank Today
Trump Media (NASDAQ: DJT) stock saw substantial sell-offs in Tuesday's trading. The company's share price closed out the daily session down 7.5% and had been down as much as 11% earlier in the day's trading.Trump Media posted big gains in Monday's trading in anticipation of Donald Trump's presidenti...The Motley Fool
Jan 14, 2025
Why Snowflake Stock Is Climbing Today
Snowflake (NYSE: SNOW) stock is gaining ground in Tuesday's trading. The company's share price was up 0.5% as of 3:30 p.m. ET and had been up as much 4.8% earlier in the session. Meanwhile, the S&P 500 index was down 0.3%, and the Nasdaq Composite index was down 0.7%.Snowflake is climbing today in c...The Motley Fool
Jan 14, 2025
Why Planet Labs Stock Popped on Tuesday
On a flat to down day for the stock market, space company Planet Labs (NYSE: PL) broke away from the pack and scored gains Tuesday afternoon, after updating investors on the latest refresh of its fleet of Earth observation satellites.As of 3 p.m. ET, Planet Labs stock is up 3.8%.Start Your Mornings ...The Motley Fool
Jan 14, 2025
Why Robinhood Stock Was Moving Higher Today
Shares of Robinhood Markets (NASDAQ: HOOD) were gaining today after the company agreed to pay $45 million to settle claims with the Securities and Exchange Commission (SEC), and it received two high-profile endorsements from Wall Street analysts.As a result, the stock was up 9.3% as of 2:21 p.m. ET....The Motley Fool
Jan 14, 2025
BUZZ-PREVIEW: Wells Fargo seen reporting rev rise, net interest income drop in results Wed
** Shares of Wells Fargo & Co WFC.N are up 0.5% in afternoon trading Tues, with the bank expected to report slightly higher qrtly rev when it releases results before the bell Wed but a drop in net interest income** Analysts expect qrtly rev of $20.59 bln vs $20.48 bln in the yr-ago qtr, while they e...Reuters
Jan 14, 2025
EMERGING MARKETS-Latam FX hit one-month high as yields ease
Mexico president might avoid Trump tariffs MSCI EM stocks index set for best day since October MSCI Latam FX up 1.04%, stocks gain 1.4%Updates to mid-session tradingBy Purvi Agarwal and Pranav Kashyap Jan 14 (Reuters) - An index tracking Latin American currencies touched a one-month high on T...Reuters
Jan 14, 2025
BUZZ-PREVIEW: Citigroup's Q4 EPS and revenue expected to climb
** Shares of Citigroup C.N up ~1% on Tues ahead of Q4 report due out before market open on Weds** Wall Street sees C posting adj EPS of $1.22 vs $0.84 in year-ago quarter on rev of $19.49 bln vs $17.44 bln year-ago according to latest estimates gathered by LSEG** In last 8 quarters rev met or beat e...Reuters
Jan 14, 2025
US STOCKS-Wall Street rises in choppy trade as inflation data eyed
US producer prices rise moderately in DecemberBoeing dips following low 2024 jet deliveries reportEli Lilly falls after weak sales forecast for weight-loss drugIndexes up: Dow 0.47%, S&P 500 0.3%, Nasdaq 0.2%Updates to afternoon US tradingBy Chuck Mikolajczak Jan 14 (Reuters) - U.S. stocks rose m...Reuters
Jan 14, 2025
Why Tesla Stock Jumped Tuesday
Tesla (NASDAQ: TSLA) shares surged nearly 5% Tuesday morning, getting a boost from some recent electric vehicle (EV) sales data. The stock also received support from a bullish call by a Wall Street analyst.Tesla shares pared some of the early gains with the stock trading higher by 2% as of 2:22 p.m....The Motley Fool
Jan 14, 2025
Biopharma industry eyes 2025 bounceback, grapples with uncertainty over Trump return
Patent expirations threaten $175 billion in biopharma revenue by decade endPharma CEOs hope to influence Trump policy Industry wary of some Trump nominees PhRMA hopes for focus on reduced inefficiencies under new administrationBy Deena Beasley SAN FRANCISCO, Jan 14 (Reuters) - The biopharmaceutic...Reuters
Jan 14, 2025
BUZZ-First Citizens Bancshares rises after KBW upgrades to 'outperform'
** Shares of regional lender First Citizens Bancshares FCNCA.O rise as much as 2.8%; last up 2.3% at $2,134.03** KBW upgrades FCNCA to "outperform" from "market perform"; assigns PT of $2,500, a 19.9% upside to stock's last close** Brokerage says FCNCA remains a net beneficiary in a higher-for-longe...Reuters
Jan 14, 2025
