Nov 12, 2024, 7:37 AM
Nov 12, 2024, 7:37 AM
Dmall Relies Heavily on Few Customers for Revenue
- Dmall's revenue grew from 1.33 billion yuan in 2022 to 1.59 billion yuan last year.
- The company reported that its revenue in the first half of the year was heavily reliant on its top five customers.
- Investors may be cautious due to Dmall's current losses despite recent revenue growth.
Dmall, founded in 2015, focuses on providing technology solutions and services to retailers outside China. As of mid-2024, the company had seen a 22.9% revenue increase, reaching 940 million yuan compared to the previous year. Despite growth, Dmall is still operating at a loss, with major investments aimed at future profitability. Most of its business still originates from its home market, with a significant percentage of revenue derived from a small number of customers. The firm's financial performance is also influenced by the broader economic environment in China, where recent urban policy measures aim to improve consumer sentiment.
Opinions
You've reached the end