عربي English Türkçe اردو فارسى
Logo
Latest News
Technology

Beijing Bourse Plans to Help Smaller Tech Companies to List

Beijing Bourse Plans to Help Smaller Tech Companies to List
TT
TT

Beijing Bourse Plans to Help Smaller Tech Companies to List

Beijing Bourse Plans to Help Smaller Tech Companies to List

The Beijing Stock Exchange will help small and medium-sized tech companies with training and access to finance so they can list on the bourse, it said on Sunday, as part of government plans to foster innovation.
The stock exchange said its action plan would help SMEs, which are not profitable but have potential, to obtain financing from banks and market institutions, and it will also provide training and support.
The bourse will also encourage listed companies as well as the newer SMEs to carry out merger and acquisitions and enhance listings through instruments including ordinary shares, preferred shares and convertible bonds.
It will encourage policy institutions and market institutions to provide credit enhancement support, it said.

Most Viewed

 
 
Technology

Netflix Rises on Strong Subscriber Growth, Bets on Higher Customer Sign-ups

The Netflix logo is displayed at Netflix corporate offices on September 25, 2023 in Los Angeles, California. (Getty Images/AFP)
The Netflix logo is displayed at Netflix corporate offices on September 25, 2023 in Los Angeles, California. (Getty Images/AFP)
TT
TT

Netflix Rises on Strong Subscriber Growth, Bets on Higher Customer Sign-ups

The Netflix logo is displayed at Netflix corporate offices on September 25, 2023 in Los Angeles, California. (Getty Images/AFP)
The Netflix logo is displayed at Netflix corporate offices on September 25, 2023 in Los Angeles, California. (Getty Images/AFP)

Netflix shares rose 5.2% in premarket trading on Friday, after the streaming giant topped Wall Street estimates for new subscriber additions by more than 1 million and projected higher customer sign-ups for the December quarter.

Netflix on Thursday said it picked up 5.1 million new streaming subscribers in the third quarter, with its ad-supported service accounting for more than 50% of sign-ups in countries where it was available.

“Netflix is the one thing people can’t live without and its latest results are testament to its lasting appeal,” said Dan Coatsworth, investment analyst at AJ Bell, Reuters reported.

The streaming platform projected its customer additions for the December quarter - traditionally a strong period around the holidays - would outpace the September quarter. The second season of Korean drama "Squid Game" is scheduled for release in late December.

Shares of Walt Disney and Warner Bros Discovery rose marginally.

"Peers in the legacy media space are losing money hand over fist, meaning Netflix can push its advantage in content creation while others can’t stomach allocating more capital," said Matt Britzman, senior equity analyst, Hargreaves Lansdown.

Ads are also in the mix for 2025, and price hikes that have started in some markets have the potential to "squeeze more" from existing subscribers, he said.

At least eight analysts raised their price targets on the stock following results, bringing the median target to $750 from $706.38 according to LSEG data.

But while the customer additions outpaced forecasts, it was below the 8.76 million that Netflix picked up in the year-ago quarter.

The company has been trying to shift investor attention away from sign-ups to metrics including revenue growth and profit margins as the pace of subscriber growth mellows.

So far this year, Netflix's stock has risen about 41.2%, Disney has been up 6.9% while Warner Bros has shed about 31%.