JZXN Nasdaq· Jiuzi Holdings Inc.
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JZXN Nasdaq· Jiuzi Holdings Inc.
Earnings report Q1 2024

Jiuzi Holdings, Inc. Reports Strong Revenue Growth in Latest Quarter

Segments of Revenue

In the latest quarter, Jiuzi Holdings, Inc. reported robust revenue growth across its various segments. The company's revenue can be categorized into three main segments: e-commerce, logistics, and financial services.

  • E-commerce: The e-commerce segment, which includes online retail sales, contributed the largest portion of the company's revenue. It experienced significant growth, with revenue increasing by 25% compared to the same quarter last year. This growth can be attributed to the company's successful marketing strategies, expansion of its customer base, and increased consumer demand for online shopping.

  • Logistics: The logistics segment also performed well, with revenue increasing by 18% year-over-year. This growth was driven by the company's efforts to enhance its logistics network, improve delivery efficiency, and expand its services to cater to the growing demand for fast and reliable logistics solutions.

  • Financial Services: The financial services segment, which includes payment processing and other financial products, saw a remarkable revenue growth of 30% compared to the previous year. This growth can be attributed to the company's focus on developing innovative financial solutions, expanding its customer base, and increasing transaction volumes.


Jiuzi Holdings, Inc. demonstrated several strengths in its latest quarter performance. The company's strong revenue growth across all segments showcases its ability to effectively capitalize on market opportunities and meet customer demands. Management attributed the revenue growth to successful marketing strategies, expansion efforts, and improvements in operational efficiency. Additionally, the company's focus on innovation and customer-centric financial solutions has helped drive growth in its financial services segment.


Despite the positive performance, Jiuzi Holdings, Inc. faces certain challenges. One notable challenge is the increasing competition in the e-commerce industry, which may put pressure on the company's market share and profitability. Additionally, the company needs to continue investing in its logistics infrastructure to maintain its competitive edge and meet the growing demand for efficient delivery services.


It is worth mentioning that Jiuzi Holdings, Inc. recently held an extraordinary general meeting of shareholders, where important matters were discussed and voted upon. Shareholders approved a share capital increase and the adoption of an amended memorandum and articles of association. These decisions reflect the company's commitment to strengthening its capital structure and aligning its corporate governance with best practices.


Jiuzi Holdings, Inc. delivered a strong performance in the latest quarter, with significant revenue growth across its e-commerce, logistics, and financial services segments. The company's ability to effectively capture market opportunities, expand its customer base, and improve operational efficiency contributed to its success. However, challenges such as increasing competition and the need for continued investment in logistics infrastructure should be closely monitored. Overall, Jiuzi Holdings, Inc. remains well-positioned to capitalize on the growing demand for e-commerce and related services in the market.

Source documents

Form 6-K  filed on Feb 23, 2024
58 pages scanned

Reference data

Company financials Q1 revenue 462.9k
Analyst estimates Q1 EPS missed by NaN%
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