Loop Capital downgraded BlueCity from Buy to Hold and set a new price target of $7.00 from $16.00 previously
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BEIJING, Feb. 23, 2022 /PRNewswire/ -- Tarena International, Inc. (NASDAQ:TEDU) ("Tarena" or the "Company"), a leading provider of adult professional education and childhood & adolescent quality education services in China, today announced that Mr. Shengwen (Roy) Rong has been appointed as an independent director of the board of directors of the Company (the "Board"). Mr. Rong has also been appointed as the chairman of the audit committee of the Board, as well as a member of the compensation committee and the nominating and corporate governance committee. Mr. Arthur Lap Tat Wong will no longer serve as a director after the current term expires, which did not result from any disagreement with
BEIJING, Jan. 10, 2022 (GLOBE NEWSWIRE) -- BlueCity Holdings Limited ("BlueCity" or the "Company") (NASDAQ:BLCT), a leading online LGBTQ platform, today announced that the independent special committee (the "Special Committee") of the Company's board of directors (the "Board"), formed to evaluate and consider the previously announced preliminary non-binding proposal letter dated on January 2, 2022 (the "Proposal"), has retained Duff & Phelps as its financial advisor and Skadden, Arps, Slate, Meagher & Flom as its U.S. legal counsel. The Special Committee is continuing its review and evaluation of the Proposal. The Board cautions the Company's shareholders and others considering trading th
New report offers comprehensive look at LGBTQ platform's environmental, social and governance philosophy and efforts across wide-ranging areas Among BlueCity's noteworthy accomplishments in 2020 was its efforts to combat COVID-19 and HIV in countries around the world In 2020, BlueCity improved diversity in its workplace and user satisfaction for its Blued app, and reduced its carbon footprint BEIJING, Dec. 8, 2021 /PRNewswire/ -- BlueCity (NASDAQ:BLCT), a world-leading LGBTQ platform that provides a comprehensive suite of services aimed at fostering connection and enhancing the well-being of its global community, today released its 2020 ESG report. The new report offers a comprehensive loo
BEIJING, Nov. 26, 2021 (GLOBE NEWSWIRE) -- BlueCity Holdings Limited ("BlueCity" or the "Company") (NASDAQ:BLCT), a leading online LGBTQ platform, today announced its unaudited financial results for the third quarter ended September 30, 2021. Third Quarter 2021 Highlights Total revenues reached RMB270.0 million (US$41.9 million), a decrease of 9.3% from the same period in 2020. Net loss was RMB73.8 million (US$11.5 million), compared with net loss of RMB137.8 million in the third quarter of 2020. Adjusted Net Loss1 (Non-GAAP) was RMB62.2 million (US$9.7 million), compared with adjusted net income (non-GAAP) of RMB7.3 million in the third quarter of 2020.Monthly active
BEIJING, Nov. 19, 2021 (GLOBE NEWSWIRE) -- BlueCity Holdings Limited ("BlueCity" or the "Company") (NASDAQ:BLCT), a world's leading online LGBTQ platform, today announced that it will report its third quarter 2021 unaudited financial results on Friday, November 26, 2021, before the U.S. market opens. BlueCity's management team will host an earnings conference call at 8:00 AM on Friday, November 26, 2021, U.S. Eastern Time (9:00 PM on November 26, 2021, Beijing/Hong Kong Time). Please register in advance of the conference using the link provided below. Conference access information will be provided upon registration. Participant Online Registration: http://apac.directeventreg.com/r
-- 18.0% year-over-year revenue growth---- 58.1% year-over-year total paying user growth-- BEIJING, Aug. 24, 2021 (GLOBE NEWSWIRE) -- BlueCity Holdings Limited ("BlueCity" or the "Company") (NASDAQ:BLCT), a leading online LGBTQ platform, today announced its unaudited financial results for the second quarter ended June 30, 2021. Second Quarter 2021 Highlights Total revenues reached RMB291.9 million (US$45.2 million), an increase of 18.0% from the same period in 2020. Net loss was RMB35.0 million (US$5.4 million), compared with net loss of RMB3.3 million in the second quarter of 2020. Adjusted Net Loss1 (Non-GAAP) was RMB38.4 million (US$5.9 million), compared with adjusted net loss (non-
Loop Capital downgraded BlueCity from Buy to Hold and set a new price target of $7.00 from $16.00 previously
BEIJING, Jan. 10, 2022 (GLOBE NEWSWIRE) -- BlueCity Holdings Limited ("BlueCity" or the "Company") (NASDAQ:BLCT), a leading online LGBTQ platform, today announced that the independent special committee (the "Special Committee") of the Company's board of directors (the "Board"), formed to evaluate and consider the previously announced preliminary non-binding proposal letter dated on January 2, 2022 (the "Proposal"), has retained Duff & Phelps as its financial advisor and Skadden, Arps, Slate, Meagher & Flom as its U.S. legal counsel. The Special Committee is continuing its review and evaluation of the Proposal. The Board cautions the Company's shareholders and others considering trading th
BEIJING, Nov. 1, 2021 /PRNewswire/ -- BlueCity Holdings Limited ("BlueCity" or the "Company") (NASDAQ:BLCT), a world's leading online LGBTQ platform, today announced the appointment of Mr. Guojie Shi as a new independent director to its board of directors (the "Board") and a member of the Board's compensation committee (the "Compensation Committee"), effective immediately. Ms. Rong (Ruby) Lu has recently resigned from her positions as an independent director, a member of the audit committee (the "Audit Committee") and the chairperson of the Board's Compensation Committee. Ms. Lu's resignation is not a result from any disagreement with the Company. After the changes, the Board will continue t
BEIJING, July 15, 2021 /PRNewswire/ -- BlueCity Holdings Limited ("BlueCity" or the "Company") (NASDAQ:BLCT), a leading online LGBTQ platform, today announced the appointment of Mr. Alfred Chung-ChiehYing as the Company's Chief Strategy Officer, effective immediately. Mr. Ying joins BlueCity's executive leadership team to focus on BlueCity strategy, capital markets, mergers and acquisitions. Mr. Ying brings with him over 20 years of capital market experience and extensive knowledge in corporate finance, capital raising, business development, and strategy. Prior to joining BlueCity, he served as Chief Financial Officer at Healthever Biotech and iFresh, where he was responsible for leading fin
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