Joy Spreader Group Warns of Revenue Decline

Joy Spreader Group Inc. (HK:6988) has released an update.

Joy Spreader Group Inc. anticipates a significant revenue decrease and a higher net loss for the first half of 2024 compared to the previous year, due to strategic changes in its E-commerce business from an asset-heavy to an asset-light model. The company’s transition to a transaction-matching service on its platform MARTOP is still in the testing phase, with no operating revenue recorded for this period. Shareholders and potential investors are advised to exercise caution when dealing with the company’s securities.

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