FAST NEWS: Bilibili’s losses narrow on improving efficiency
The Latest: Video site Bilibili Inc. (9626.HK, BILI.US) on Thursday reported its revenue rose 3% year-on-year to 6.3 billion yuan ($876 million) in last year’s fourth quarter, while its loss narrowed 13% to 1.3 billion…
FAST NEWS: Goldman, JPMorgan reduce Bilibili holdings
The Latest: Goldman Sachs, JPMorgan and BNP have all reduced their holdings in online video site Bilibili Inc. (9626.HK, BILI.US), involving the combined sale of more than 4 million shares, according to stock…
Out with the old… Tencent sells app store to Huya
Weeks after offloading its animation business, Tencent has sold its overseas app store to the livestream gaming platform Huya Key Takeaways: Huya is looking to use the APKpure acquisition to…
FAST NEWS: DouYu records fourth consecutive profitable quarter on cost-cutting
The latest: Livestreaming game platform DouYu Holdings Ltd. (DOYU.US) on Thursday announced a net profit of 76.4 million yuan ($10.7 million) for the third quarter, marking its fourth consecutive quarterly profit, and reversing…
Misfortune for DouYu as CEO faces gambling charges
The company that was once China’s biggest livestream gaming platform has been accused of hosting gambling activities and allowing pornography Key Takeaways: Founder Chen Shaojie has been arrested on charges…
Take Four: Nicefilm rides entertainment rebound to new listing attempt
After failing three times, the web series maker hopes to succeed in its latest Hong Kong listing application as its film and television businesses show signs of reviving Key Takeaways:…
Zhihu seeks answer to profit challenge as its businesses grow apart
The online Q&A platform often called the ‘Quora of China’ saw its losses widen in 2022, as it posted a 12th consecutive quarter in the red at the end of…
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