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Leju Holdings Limited (NYSE: LEJU) reported a strong performance for Q3 2020, with total revenues increasing by 13% year-on-year to $209.4 million. Revenues from e-commerce services rose by 12% to $172.4 million, while online advertising services grew by 17% to $36.7 million. Net income for the quarter was $11.7 million, marking a 5% increase. For the first nine months, total revenues were $489.1 million, up 5%. The company anticipates Q4 revenue between $230 million and $250 million.
Leju Holdings Limited (NYSE: LEJU) will announce its unaudited financial results for the third quarter ended September 30, 2020, before U.S. markets open on November 23, 2020. The company's management will conduct an earnings conference call on the same day at 6 a.m. ET. Investors can pre-register for the call through a provided link and access a replay until December 1, 2020. Leju is known for its e-commerce and online media platform serving the real estate and home furnishing sectors in China, covering over 380 cities.
Leju Holdings Limited (NYSE: LEJU) reported its financial results for H1 2020, revealing total revenues of $279.7 million, nearly unchanged from $280.4 million in H1 2019. E-commerce revenues fell by 2% to $205.4 million, while online advertising revenues rose by 5% to $73.9 million. Operating income improved to $1.2 million from a loss of $7.1 million a year earlier. Net income was $1.5 million, compared to a $4.1 million loss in H1 2019. The company anticipates H2 2020 revenues of $480 million to $500 million, reflecting a 16%-21% increase year-over-year. A board change was also announced.
Leju Holdings Limited (NYSE: LEJU), an e-commerce and online media platform for China's real estate and home furnishing industries, announced it will report its unaudited financial results for the first half of 2020 before U.S. markets open on August 20, 2020. A conference call will follow at 7 a.m. ET on the same day, with pre-registration required. Leju serves over 380 cities and collaborates with Tencent Holdings Limited and SINA Corporation, enhancing its service offerings in residential property transactions. For more details, visit their investor relations website.
Leju Holdings Limited (NYSE: LEJU) announced that E-House (China) Enterprise Holdings Limited has entered agreements to acquire 56.19% of Leju's issued share capital. E-House will purchase shares from Leju's executive chairman and SINA Corporation, issuing ordinary shares in exchange. Post-transaction, Leju will become a subsidiary of E-House. Additionally, E-House and Alibaba Group will collaborate on enhancing the real estate service industry through digital marketing and online transactions, with Alibaba increasing its stake in E-House to 13.26%.
Leju Holdings Limited (NYSE: LEJU) announced the filing of its annual report on Form 20-F for the fiscal year ending December 31, 2019, with the SEC on July 15, 2020. This report is accessible on the Company's investor relations website. Leju provides free hard copies of the annual report containing audited financial statements to shareholders upon request. Leju is a major player in China's e-commerce and online media for real estate and home furnishing, operating in over 380 cities and partnering with SINA and Tencent.
Leju Holdings Limited (NYSE: LEJU) received a notification from NYSE Regulation for failing to file its Annual Report on Form 20-F for the year ending December 31, 2019, by the June 15, 2020 deadline. The delay, attributed to COVID-19 impacts and a change in the accounting firm, has prompted NYSE to monitor Leju's status for six months. If the report isn't filed within this timeframe, suspension and delisting procedures may begin. Leju is working to file the report promptly, as per SEC guidelines.