Le Lézard
Classified in: Science and technology, Business, Covid-19 virus
Subjects: ERN, ERP

HUYA Inc. Reports Second Quarter 2022 Unaudited Financial Results


GUANGZHOU, China, Aug. 16, 2022 /PRNewswire/ -- HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game live streaming platform in China, today announced its unaudited financial results for the second quarter ended June 30, 2022.

Second Quarter 2022 Highlights

"Our steady focus on content enrichment and product upgrades continues to drive value for our users and pave the way for our sustainable, long-term growth. For the second quarter of 2022, Huya Live's mobile MAUs maintained solid momentum, growing 7.7% year-over-year to 83.6 million," said Mr. Rongjie Dong, Chief Executive Officer of Huya. "While the turbulence in the macro and regulatory environment has decelerated our monetization in the short term, we remain confident in the broad-based strength of our solid business foundation that underpins our ability to satisfy our users' core needs. As a leader in the game live streaming market in China, we are constantly iterating our technology and products to provide high-quality, compliant content for our users and amplify our value proposition with our stakeholders across the game industry value chain."

Ms. Ashley Xin Wu, Vice President of Finance of Huya, commented, "Against the backdrop of macro headwinds, our revenues were approximately RMB2.3 billion for the second quarter of 2022, and our gross profit came in at RMB219.1 million as we continued our strategic efforts in ramping up investment in new and relevant content. We believe we are well-positioned to drive continued momentum in our user community expansion. Despite external uncertainties, we remain diligent in improving our operational efficiency and optimizing our business expenses in a nimble way, delivering 17.0% quarter-over-quarter and 21.6% year-over-year deductions in total operating expenses. Going forward, we aim to further strengthen our monetization capabilities, improve our cost and expense structure, and solidify our business fundamentals to achieve sustainable business development over the long term."

[1] "Non-GAAP net income attributable to HUYA Inc." is defined as net (loss) income attributable to HUYA Inc. excluding (i) share-based compensation expenses, (ii) gains on fair value change of investments and equity investee's investments; and gain arising from partial disposal of an investment owned by an equity investee, net of income taxes. For more information, please refer to "Use of Non-GAAP Financial Measures" and "Reconciliations of GAAP and Non-GAAP Results" at the end of this press release.

[2] Refers to average monthly active users on mobile apps. Average mobile MAUs for any period is calculated by dividing (i) the sum of active users on the mobile apps for each month during such relevant period, by (ii) the number of months during such relevant period.

[3] Refers to the sum of user accounts that purchased various products and services on our platform at least once during such relevant period.

Second Quarter 2022 Financial Results

Total net revenues for the second quarter of 2022 were RMB2,275.2 million (US$339.7 million), compared with RMB2,962.4 million for the same period of 2021.

Live streaming revenues were RMB2,051.9 million (US$306.3 million) for the second quarter of 2022, compared with RMB2,579.2 million for the same period of 2021, primarily due to decreased average spending per paying user on Huya Live, as the recent macro and regulatory environment adversely affected the sentiment of the Company's paying users.

Advertising and other revenues were RMB223.3 million (US$33.3 million) for the second quarter of 2022, compared with RMB383.2 million for the same period of 2021, primarily due to the decrease in content sub-licensing revenues, as well as soft demand for advertising services resulting from the challenging macro environment.

Cost of revenues decreased by 13.6% to RMB2,056.1 million (US$307.0 million) for the second quarter of 2022 from RMB2,381.1 million for the same period of 2021, primarily due to decreased revenue sharing fees and content costs, as well as bandwidth costs.

Revenue sharing fees and content costs decreased by 13.3% to RMB1,767.8 million (US$263.9 million) for the second quarter of 2022 from RMB2,039.2 million for the same period of 2021, primarily due to the decrease in revenue sharing fees associated with declined live streaming revenues.

Bandwidth costs decreased by 9.9% to RMB154.4 million (US$23.0 million) for the second quarter of 2022 from RMB171.4 million for the same period of 2021, primarily due to improved bandwidth cost management and continued technology enhancement efforts.

Gross profit was RMB219.1 million (US$32.7 million) for the second quarter of 2022, compared with RMB581.3 million for the same period of 2021, primarily due to lower revenues. Gross margin was 9.6% for the second quarter of 2022, compared with 19.6% for the same period of 2021.

Research and development expenses decreased by 19.0% to RMB168.4 million (US$25.1 million) for the second quarter of 2022 from RMB207.9 million for the same period of 2021, primarily due to the decrease in share-based compensation expenses.

Sales and marketing expenses decreased by 40.0% to RMB100.3 million (US$15.0 million) for the second quarter of 2022 from RMB167.0 million for the same period of 2021, primarily due to decreased marketing and promotion fees as well as personnel-related expenses.

General and administrative expenses increased by 13.5% to RMB81.8 million (US$12.2 million) for the second quarter of 2022 from RMB72.1 million for the same period of 2021, primarily due to the increase in professional service fees and personnel-related expenses.

Other income was RMB50.3 million (US$7.5 million) for the second quarter of 2022, compared with RMB47.6 million for the same period of 2021.

Operating loss was RMB81.1 million (US$12.1 million) for the second quarter of 2022, compared with operating income of RMB181.9 million for the same period of 2021.

Interest and short-term investments income were RMB65.6 million (US$9.8 million) for the second quarter of 2022, compared with RMB57.7 million for the same period of 2021.

Income tax expenses were RMB1.3 million (US$0.2 million) for the second quarter of 2022, compared with RMB58.3 million for the same period of 2021, primarily due to the lower taxable income.

Net loss attributable to HUYA Inc. was RMB19.4 million (US$2.9 million) for the second quarter of 2022, compared with net income attributable to HUYA Inc. of RMB186.3 million for the same period of 2021.

Non-GAAP net income attributable to HUYA Inc., which excludes share-based compensation expenses, was RMB5.9 million (US$0.9 million) for the second quarter of 2022, compared with RMB250.1 million for the same period of 2021, which excludes share-based compensation expenses, gains on fair value change of investments and equity investees' investments, and gain arising from partial disposal of an investment owned by an equity investee, net of income taxes.

Diluted net loss per American depositary share ("ADS") was RMB0.08 (US$0.01) for the second quarter of 2022, compared with diluted net income per ADS of RMB0.77 for the same period of 2021. Each ADS represents one Class A ordinary share of the Company.

Non-GAAP diluted net income per ADS was RMB0.02 (US$0.004) for the second quarter of 2022, compared with RMB1.04 for the same period of 2021.

As of June 30, 2022, the Company had cash and cash equivalents, short-term deposits and short-term investments of RMB10,716.7 million (US$1,600.0 million), compared with RMB10,473.4 million as of March 31, 2022.

Conference Call

The Company's management will host an earnings conference call at 7:00 a.m. U.S. Eastern Time on August 16, 2022 (7:00 p.m. Beijing/Hong Kong time on August 16, 2022).

For participants who wish to join the call, please complete online registration using the link provided below 20 minutes prior to the scheduled call start time. Upon registration, participants will receive the conference call access information, including dial-in numbers, a personal PIN and an e-mail with detailed instructions to join the conference call.

Participant Online Registration: https://register.vevent.com/register/BIa451f7eabc6c4462aa4aa81302702803  

Once complete the registration, please dial-in at least 10 minutes before the scheduled start time of the earnings call and enter the personal PIN as instructed to connect to the call.

A live webcast of the earnings call will be accessible at https://ir.huya.com and a replay of the webcast will be available following the session.

About HUYA Inc.

HUYA Inc. is a leading game live streaming platform in China with a large and active game live streaming community. The Company cooperates with e-sports event organizers, as well as major game developers and publishers, and has developed e-sports live streaming as one of the most popular content genres on its platform. The Company has created an engaged, interactive and immersive community for game enthusiasts of China's young generation. Building on its success in game live streaming, Huya has also extended its content to other entertainment content genres. Huya's open platform also functions as a marketplace for broadcasters and talent agencies to congregate and closely collaborate with the Company.

Use of Non-GAAP Financial Measures

The unaudited condensed consolidated financial information is prepared in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"), except that the consolidated statement of changes in shareholders' equity, consolidated statements of cash flows, and the detailed notes have not been presented. Huya uses non-GAAP gross profit, non-GAAP operating income (loss), non-GAAP net income (loss) attributable to HUYA Inc., non-GAAP net income (loss) attributable to ordinary shareholders, non-GAAP basic and diluted net income (loss) per ordinary shares, and non-GAAP basic and diluted net income (loss) per ADS, which are non-GAAP financial measures. Non-GAAP gross profit is gross profit excluding share-based compensation expenses allocated in cost of revenues. Non-GAAP operating income (loss) is operating income (loss) excluding share-based compensation expenses. Non-GAAP net income (loss) attributable to HUYA Inc. is net income (loss) attributable to HUYA Inc. excluding share-based compensation expenses, gains on fair value change of investments and equity investee's investments, and gain arising from partial disposal of an investment owned by an equity investee, net of income taxes. Non-GAAP net income (loss) attributable to ordinary shareholders is net income (loss) attributable to ordinary shareholders excluding share-based compensation expenses, gains on fair value change of investments and equity investee's investments, and gain arising from partial disposal of an investment owned by an equity investee, net of income taxes. Non-GAAP basic and diluted net income (loss) per ADS is non-GAAP net income (loss) attributable to ordinary shareholders divided by weighted average number of ADS used in the calculation of non-GAAP basic and diluted net income (loss) per ADS. The Company believes that separate analysis and exclusion of the impact of (i) share-based compensation expenses, and (ii) gains on fair value change of investments and equity investee's investments; and gain arising from partial disposal of an investment owned by an equity investee, net of income taxes add clarity to the constituent parts of its performance. The Company reviews these non-GAAP financial measures together with GAAP financial measures to obtain a better understanding of its operating performance. It uses the non-GAAP financial measure for planning, forecasting and measuring results against the forecast. The Company believes that non-GAAP financial measure is useful supplemental information for investors and analysts to assess its operating performance without the effect of (i) share-based compensation expenses, which have been and will continue to be significant recurring expenses in its business, and (ii) gains on fair value change of investments and equity investee's investments; and gain arising from partial disposal of an investment owned by an equity investee, net of income taxes, which may recur when there is observable price change in the future. However, the use of non-GAAP financial measures has material limitations as an analytical tool. One of the limitations of using non-GAAP financial measures is that they do not include all items that impact the Company's net income for the period. In addition, because non-GAAP financial measures are not measured in the same manner by all companies, they may not be comparable to other similar titled measures used by other companies. In light of the foregoing limitations, you should not consider non-GAAP financial measure in isolation from or as an alternative to the financial measure prepared in accordance with U.S. GAAP.

The presentation of these non-GAAP financial measures is not intended to be considered in isolation from, or as a substitute for, the financial information prepared and presented in accordance with U.S. GAAP. For more information on these non-GAAP financial measures, please see the table captioned "HUYA Inc. Reconciliations of GAAP and Non-GAAP Results" at the end of this announcement.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.6981 to US$1.00, the noon buying rate in effect on June 30, 2022, in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the Renminbi or U.S. dollars amounts referred to in this announcement could have been or could be converted into U.S. dollars or Renminbi, as the case may be, at any particular rate or at all.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as Huya's strategic and operational plans, contain forward-looking statements. Huya may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission ("SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Huya's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Huya's goals and strategies; Huya's future business development, results of operations and financial condition; the expected growth of the game live streaming market; the expectation regarding the rate at which to gain active users, especially paying users; Huya's ability to monetize the user base; Huya's efforts in complying with applicable data privacy and security regulations; fluctuations in general economic and business conditions in China; the impact of the COVID-19 to Huya's business operations and the economy in China and elsewhere generally; any regulatory developments in laws, regulations, rules, policies or guidelines applicable to Huya; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Huya's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Huya does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

In China:

HUYA Inc.
Investor Relations
Tel: +86-20-2290-7829
E-mail: ir@huya.com 

The Piacente Group, Inc.
Jenny Cai
Tel: +86-10-6508-0677
E-mail: huya@tpg-ir.com  

In the United States:

The Piacente Group, Inc. 
Brandi Piacente
Tel: +1-212-481-2050
E-mail: huya@tpg-ir.com

 

 

 

HUYA INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(All amounts in thousands, except share, ADS, per share data and per ADS data)




As of December 31,


As of June 30,



2021


2022


2022



RMB


RMB


US$








Assets







Current assets







Cash and cash equivalents


1,790,784


2,068,235


308,779

Restricted cash


55,670


9,543


1,425

Short-term deposits


8,351,945


8,646,060


1,290,823

Short-term investments


816,331


2,442


365

Accounts receivable, net


88,034


57,397


8,569

Amounts due from related parties, net


148,560


161,490


24,110

Prepayments and other current assets, net


664,945


790,213


117,976








Total current assets


11,916,269


11,735,380


1,752,047








Non-current assets







Deferred tax assets


20,245


54,358


8,115

Investments


608,617


899,284


134,260

Property and equipment, net


79,611


129,101


19,274

Intangible assets, net


83,942


72,090


10,763

Right-of-use assets, net


395,371


380,032


56,737

Prepayments and other non-current assets


150,887


132,148


19,729








Total non-current assets


1,338,673


1,667,013


248,878








Total assets


13,254,942


13,402,393


2,000,925








Liabilities and shareholders' equity







Current liabilities







Accounts payable


12,579


37,164


5,548

Advances from customers and deferred revenue


459,509


431,952


64,489

Income taxes payable


5,944


28,258


4,219

Accrued liabilities and other current liabilities


1,845,452


1,569,763


234,360

Amounts due to related parties


216,128


166,010


24,785

Lease liabilities due within one year


36,473


39,806


5,943








Total current liabilities


2,576,085


2,272,953


339,344








Non-current liabilities







Lease liabilities


45,084


29,200


4,359

Deferred tax liabilities


4,597


20,533


3,065

Deferred revenue


118,975


93,564


13,969








Total non-current liabilities


168,656


143,297


21,393








Total liabilities


2,744,741


2,416,250


360,737








 

 

 

HUYA INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)

(All amounts in thousands, except share, ADS, per share data and per ADS data)




As of December 31,


As of June 30,



2021


2022


2022



RMB


RMB


US$








Shareholders' equity







Class A ordinary shares (US$0.0001 par value;
   750,000,000 shares authorized as of December
   31, 2021 and June 30, 2022
,respectively;
   86,993,764 and 88,833,919 shares issued and
   outstanding as of December 31, 20
21 and June
   30, 2022, respectively)


58


59


9

Class B ordinary shares (US$0.0001 par value;
   200,000,000 shares authorized as of December
   31, 2021 and June 30, 2022, respectively;
   151,076,517 and 150,386,517 shares issued and
   outstanding as of December 31, 2021 and June
   30, 2022, respectively)


99


98


15

Additional paid-in capital


11,764,059


11,847,729


1,768,819

Statutory reserves


122,429


122,429


18,278

Accumulated deficit


(1,300,144)


(1,322,824)


(197,492)

Accumulated other comprehensive income


(76,300)


338,652


50,559








Total shareholders' equity


10,510,201


10,986,143


1,640,188








Total liabilities and shareholders' equity


13,254,942


13,402,393


2,000,925

 

 

 

HUYA INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

 (All amounts in thousands, except share, ADS, per share data and per ADS data)




Three Months Ended


Six Months Ended



June 30,

2021


March 31,

2022


June 30,

2022


June 30,

2022


June 30,

2021


June 30,

2022


June 30,

2022



RMB


RMB


RMB


US$


RMB


RMB


US$
















Net revenues















Live streaming


2,579,178


2,151,704


2,051,920


306,344


4,971,453


4,203,624


627,585

Advertising and others


383,197


312,847


223,254


33,331


595,706


536,101


80,038
















Total net revenues


2,962,375


2,464,551


2,275,174


339,675


5,567,159


4,739,725


707,623
















Cost of revenues(1)


(2,381,056)


(2,130,974)


(2,056,054)


(306,961)


(4,471,952)


(4,187,028)


(625,107)
















Gross profit


581,319


333,577


219,120


32,714


1,095,207


552,697


82,516
















Operating expenses(1)















Research and development expenses


(207,899)


(196,251)


(168,411)


(25,143)


(406,970)


(364,662)


(54,443)

Sales and marketing expenses


(167,045)


(145,065)


(100,264)


(14,969)


(311,630)


(245,329)


(36,627)

General and administrative expenses


(72,130)


(80,774)


(81,839)


(12,218)


(156,221)


(162,613)


(24,277)
















Total operating expenses


(447,074)


(422,090)


(350,514)


(52,330)


(874,821)


(772,604)


(115,347)
















Other income, net


47,643


28,278


50,283


7,507


123,611


78,561


11,729
















Operating income (loss)


181,888


(60,235)


(81,111)


(12,109)


343,997


(141,346)


(21,102)
















Interest and short-term investments income


57,729


59,202


65,633


9,799


122,859


124,835


18,637

Gain on fair value change of investments


3,593


7,602


-


-


3,593


7,602


1,135

Foreign currency exchange gains (losses), 
    net


722


(64)


(2,860)


(427)


(1,538)


(2,924)


(437)
















Income (loss) before income tax expenses


243,932


6,505


(18,338)


(2,737)


468,911


(11,833)


(1,767)
















Income tax expenses


(58,291)


(9,401)


(1,295)


(193)


(97,701)


(10,696)


(1,597)
















Income (loss) before share of loss in equity
   method investments, net of income taxes


185,641


(2,896)


(19,633)


(2,930)


371,210


(22,529)


(3,364)
















Share of income (loss) in equity method
   investments, net of income taxes


610


(418)


267


40


579


(151)


(23)
















Net income (loss) attributable to HUYA Inc.


186,251


(3,314)


(19,366)


(2,890)


371,789


(22,680)


(3,387)
















Net income (loss) attributable to ordinary
   shareholders


186,251


(3,314)


(19,366)


(2,890)


371,789


(22,680)


(3,387)
















 

 

 

HUYA INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (CONTINUED)

 (All amounts in thousands, except share, ADS, per share data and per ADS data)




Three Months Ended


Six Months Ended



June 30,

2021


March 31,

2022


June 30,

2022


June 30,

2022


June 30,

2021


June 30,

2022


June 30,

2022



RMB


RMB


RMB


US$


RMB


RMB


US$
















Net income (loss) per ADS*















?Basic


0.78


(0.01)


(0.08)


(0.01)


1.57


(0.09)


(0.01)

?Diluted


0.77


(0.01)


(0.08)


(0.01)


1.54


(0.09)


(0.01)

Net income (loss) per ordinary share















?Basic


0.78


(0.01)


(0.08)


(0.01)


1.57


(0.09)


(0.01)

?Diluted


0.77


(0.01)


(0.08)


(0.01)


1.54


(0.09)


(0.01)
















Weighted average number of ADS used in
   calculating net income per ADS















?Basic


238,105,367


239,746,395


241,341,080


241,341,080


237,358,048


240,549,059


240,549,059

?Diluted


241,536,071


239,746,395


241,341,080


241,341,080


241,727,114


240,549,059


240,549,059

















*   Each ADS represents one Class A ordinary share.

(1) Share-based compensation was allocated in cost of revenues and operating expenses as follows:




Three Months Ended


Six Months Ended



June 30,

2021


March 31,

2022


June 30,

2022


June 30,

2022


June 30,

2021


June 30,

2022


June 30,

2022



RMB


RMB


RMB


US$


RMB


RMB


US$
















Cost of revenues


12,969


13,112


3,667


547


29,590


16,779


2,505

Research and development expenses


32,226


23,251


7,275


1,086


68,967


30,526


4,557

Sales and marketing expenses


1,670


1,644


249


37


3,561


1,893


283

General and administrative expenses


20,636


18,746


14,045


2,097


45,760


32,791


4,896

 

 

 

HUYA INC.

RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS

(All amounts in thousands, except share, ADS, per share data and per ADS data)








Three Months Ended


Six Months Ended



June 30,

2021


March 31,

2022


June 30,

2022


June 30,

2022


June 30,

2021


June 30,

2022


June 30,

2022



RMB


RMB


RMB


US$


RMB


RMB


US$
















Gross profit


581,319


333,577


219,120


32,714


1,095,207


552,697


82,516

Share-based compensation expenses allocated
   in cost of revenues


12,969


13,112


3,667


547


29,590


16,779


2,505
















Non-GAAP gross profit


594,288


346,689


222,787


33,261


1,124,797


569,476


85,021
















Operating income


181,888


(60,235)


(81,111)


(12,109)


343,997


(141,346)


(21,102)

Share-based compensation expenses


67,501


56,753


25,236


3,767


147,878


81,989


12,241
















Non-GAAP operating income (loss)


249,389


(3,482)


(55,875)


(8,342)


491,875


(59,357)


(8,861)
















Net income (loss) attributable to HUYA Inc.


186,251


(3,314)


(19,366)


(2,890)


371,789


(22,680)


(3,387)

Gains on fair value change of investments and
   equity investee's investments; and gain
   arising from partial disposal of an
   investment owned by an equity investee, net of
   income taxes


(3,619)


(6,842)


-


-


(3,619)


(6,842)


(1,021)

Share-based compensation expenses


67,501


56,753


25,236


3,767


147,878


81,989


12,241
















Non-GAAP net income attributable to HUYA Inc.


250,133


46,597


5,870


877


516,048


52,467


7,833
















Net income (loss) attributable to ordinary
   shareholders


186,251


(3,314)


(19,366)


(2,890)


371,789


(22,680)


(3,387)

Gains on fair value change of investments and
   equity investee's investments; and gain
   arising from partial disposal of an
   investment owned by an equity investee, net
   of income taxes


(3,619)


(6,842)


-


-


(3,619)


(6,842)


(1,021)

Share-based compensation expenses


67,501


56,753


25,236


3,767


147,878


81,989


12,241
















Non-GAAP net income attributable to
   ordinary shareholders


250,133


46,597


5,870


877


516,048


52,467


7,833
















Non-GAAP net income per ordinary share















?Basic


1.05


0.19


0.02


0.004


2.17


0.22


0.03

?Diluted


1.04


0.19


0.02


0.004


2.13


0.22


0.03
















Non-GAAP net income per ADS















?Basic


1.05


0.19


0.02


0.004


2.17


0.22


0.03

?Diluted


1.04


0.19


0.02


0.004


2.13


0.22


0.03
















Weighted average number of ADS used in 
   calculating Non-GAAP net income per
   ADS















?Basic


238,105,367


239,746,395


241,341,080


241,341,080


237,358,048


240,549,059


240,549,059

?Diluted


241,536,071


241,014,680


241,686,424


241,686,424


241,727,114


241,222,552


241,222,552

 

SOURCE HUYA Inc.


These press releases may also interest you

at 16:31
Consolidated Edison, Inc. ("Con Edison") today announced that it entered into a purchase and sale agreement pursuant to which Con Edison agreed to sell its interest in its wholly-owned subsidiary, Con Edison Clean Energy Businesses, Inc. and its...

at 12:21
Dylan Bowman, Red Bull athlete and multi-time ultra trail running champion, has entered a partnership with Japanese outdoor apparel brand, Goldwin. Bowman is Goldwin's first US athlete and will help to grow Goldwin's running apparel line in the US....

at 11:00
Yiwu is the world's capital of commodities, Yiwugo.com is the official website of the Yiwu Commodity Market, which is the largest commodity wholesale market in the world. Yiwugo hosts 50,000 merchants and 10 million registered buyers, 10% of whom are...

at 10:14
Development finance leader Alvaro Lario takes the helm of the UN's International Fund for Agricultural Development on Saturday with an urgent mission to battle poverty and hunger among the world's rural poor as they face existential threats of...

at 10:12
Today, the Minister of Seniors, Kamal Khera and the Minister of Health, Jean-Yves Duclos, issued the following statement: "Happy National Seniors Day! Every year, on October 1st, we celebrate seniors in Canada and express our gratitude for all of...

at 09:23
USAA has committed $1.25 million to seven organizations enabling additional relief, support and recovery for the millions of Americans impacted by Hurricane Ian. American Red Cross and Team Rubicon will each receive $500,000, and five U.S. military...



News published on 16 august 2022 at 05:00 and distributed by: