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The United States is still in the Internet + transformation of the market tempered. Smith Barney recently released a quarterly performance forecast shows that the company's net profit fell 60% -90%, the profitability of 4261.73 million -1.07 billion. The same period last year, Smith Barney profit of 107 million yuan. Smith Barney results in the first quarter has not yet resumed the effect of transformation and upgrading still need time Date Smith Barney said that as the company is in the transition period of investment in the Internet at the same time reduce the impact of delivery, the company expects revenue during the reporting period compared with the same period last year decreased about 10%, so the company's first-quarter net profit will decline. Zhou Chengjian, chairman of Smith Barney, said in an interview with Beijing Business Daily that Smith Barney will formally announce a clear mode of Internet operation in the near future. Among them, Bangbuwang and physical stores will change the original business. In the past, there were only the brands of Smith Barney, ME & CITY, Moomoo and others in the state procurement network, and the future state procurement network would become more inclusive. Buying network will access apparel-related products, non-Smith Barney brand stores also have related presentations. The 2014 newsletter's brief operating performance note also showed that due to the complete appearance of the transformation and upgrading effect, it will take a while for the Company to exert pressure in the short term.