November 24, 2020
Published by TheFintechBuzz.com
YEAHKA LIMITED (“Yeahka” or the “Company”, stock code: 9923.HK), a leading technology platform in China, will be added as a constituent of the FTSE Russell’s Global Equity Index Series (“GEIS”) and will become effective on December 21, 2020.
According to FTSE Russell’s latest announcement on the GEIS December 2020 quarterly changes, over 20 Chinese companies, including Yeahka, will be added as a constituent of the index. The inclusion in the FTSE GEIS is a recognition of Yeahka’s business performance, stock liquidity and growth prospect.
FTSE Russell is one of the global index leaders that provides innovative benchmarking, analytics and data solutions for investors worldwide. It calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell indexes are used extensively by institutional and retail investors globally. Approximately US$16 trillion is currently benchmarked to FTSE Russell indexes.
In addition, Hang Seng Indexes Company Limited announced its latest quarterly index review results on August 14, 2020. Yeahka, after being listed for only two months, has been included as a constituent of the Hang Seng Composite Index and Southbound Trading of Stock Connect, both became effective on September 7, 2020. Tech giants including Tencent, JD.com, Meituan, Alibaba and NetEase are also constituents of the Hang Seng Composite Index, which reflects the overall performance of the leading technology or innovative companies listed in Hong Kong.
November 12, 2020
Published by Roboticulized.com
YEAHKA LIMITED (“Yeahka” or the “Company”, stock code: 9923.HK), a leading technology platform in China, recently announced an agreement to acquire a 42.5% stake in Beijing Chuangxinzhong Technology Co., Ltd. (“Chuangxinzhong”) to accelerate expansion of its marketing services.
As China’s macro-economy recovers after Covid-19, as of October 31, 2020, Yeahka presents a stellar record of key operational performance, building a solid foundation for future development:
- The number of total impressions on Yeahka’s precision marketing platform from July 1 to October 31, 2020 has nearly doubled compared with the first half of this year;
- As of October 31, 2020, the number of active payment service customers has rebounded to pre-pandemic level. The number of consumers reached via the Company’s payment service approached 600 million and has continued to grow quarter-to-quarter;
- The number of App-based transaction counts during July and October 2020 has continued to increase rapidly, with growth exceeding 30% over the first half of the year.
The cooperation between Yeahka and Chuangxinzhong will enable the Company to achieve more effective marketing services for digital content, as well as to further improve the Company’s Data Management Platform (DMP) driven by artificial intelligence and machine learning through diversified media channels, which will in turn help customers achieve more precision advertising, and facilitate sustainable and rapid development of the Company’s precision marketing business.
The Company currently intends to acquire an additional 42.5% equity interest of Chuangxinzhong going forward, and further announcements about the additional acquisition will be made by the Company when and if necessary. For further details about the acquisition, please refer to the Company’s announcement on the Hong Kong Stock Exchange dated November 9, 2020.