Joyy stuck with unwanted China business after $3.6 billion Baidu sale collapses
The livestreaming company may be forced to find a new buyer for its Chinese business at a far lower price after its sale to Baidu announced in 2020 failed 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…
CHINA BULLETIN: Yuan on the Comeback Trail
In this week’s issue the yuan bounces back, a lifeline for developers and a livestreamer confirms its CEO’s arrest. On a scale of 1 to 100, we give the week…
Huya revenues sag 30%, looks ahead to diversification plan
The company has been rocked by a series of challenges over the last two years, and is hoping to find stability by lessening its dependence on livestream gaming revenue Key…
Shrinking DouYu emerges as leaner and meaner ‘fighting fish’
The livestream gaming company reported its third consecutive profit in the second quarter after slashing costs by 40% to offset a 24% revenue decline Key Takeaways: DouYu’s revenue fell 24%…
Huya claws its way back to profits, but growth remains elusive
The operator of China’s top livestreaming gaming platform reported a profit in the first quarter on cost cuts, even as its revenue and paid user bases continued contracting Key Takeaways:…
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