News for Yidu Tech Inc. (2158.HK)

HONG KONG, June 31, 2024 /PRNewswire/ -- Yidu Tech Inc. ('Yidu Tech' or the 'Company', together with its subsidiaries and consolidated affiliated entities, the 'Group', HKEX: 2158) announced its annual results for the fiscal year ended 31 March 2024 ('FY2024' or the 'Reporting Period'). The management provided detailed explanations on the key performance highlights, development strategies, and future outlook. Owing to the Company's 'Focus' strategy, Yidu Tech has seen further improvements in operational efficiency, profitability, and business competitiveness.

Yidu Tech Announces Annual Results for FY 2024: Existing Business Achieves First Full-Year Profit on Adjusted EBITDA

Key Takeaways: Yidu Tech is selling 20% of its international unit for $55 million, and will use the funds to ease its increasingly tight cash flow and for working capital The deal comes as the company cuts back its spending to focus on profitability rather than growth By Trevor Mo

HONG KONG, Nov. 28, 2022 /PRNewswire/ -- Yidu Tech Inc. , a leading corporate in China's healthcare intelligence industry, announced the interim results for the six months ended 30... | November 28, 2022

/PRNewswire/ -- The digital economy powered by innovative technologies such as artificial intelligence ("AI") and big data has become one of the most powerful...

Yidu Tech’s revenue rose 43% in its fiscal year through March, though that figure was down from the 62.3% growth figure for the first half of its fiscal year.

/PRNewswire/ -- Yidu Tech Inc. (

/PRNewswire/ -- The World Economic Forum ("WEF") Annual Meeting 2022 was held in Davos, Switzerland from May 22 to 26. On May 23, Ms. Gong Rujing, Chairlady,...

The Chinese internet sector has had a rocky year with regulations working to redefine the space and the companies that inhabit it. In the midst...