Summary by Futu AI
HK Tech Venture Limited ("HK Tech Venture") announced its interim performance for the six months ended June 30, 2024. Despite the challenging local retail environment, the group's e-commerce business achieved stable growth. During the period, the group's revenue reached HKD 1,897,548,000, an increase of 3.8% compared to the same period last year. However, due to the start-up losses of new exploration projects, the group recorded a net loss of HKD 27,478,000, compared to a net profit of HKD 48,696,000 in the same period last year. The group continues to invest in new business models and technology research and actively promotes consumers' adoption of online purchasing of wet market products. The board of directors has decided not to distribute interim dividends in order to retain liquidity for future capital expenditure plans, new venture investment plans, and share repurchase plans.