Social Media/Entertainment - Bamboo Works - China stock insights for global investors https://thebambooworks.com/category/social-media-entertainment/ China stock insights for global investors Mon, 20 May 2024 09:59:54 +0000 en-GB hourly 1 https://wordpress.org/?v=6.1.1 https://thebambooworks.com/wp-content/uploads/2022/12/cropped-BBW_website_icon_20221228-32x32.png Social Media/Entertainment - Bamboo Works - China stock insights for global investors https://thebambooworks.com/category/social-media-entertainment/ 32 32 Despite improvement, shrinking SJM runs low on luck https://thebambooworks.com/despite-improvement-shrinking-sjm-runs-low-on-luck/ Sun, 19 May 2024 23:35:31 +0000 https://thebambooworks.com/?p=32157 SJM’s prospect does not inspire confidenceThe former casino powerhouse’s revenue rose 73% in the first quarter, but it continued to lose money as it lagged many of its peers  Key Takeaways:   By Lau Chi Hang Former casino mogul Stanley Ho reigned supreme in Macau’s gambling industry for four decades, cashing in on his monopoly as holder of the city’s.....

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CMGE turns its game to e-sports with new tie-up https://thebambooworks.com/cmge-turns-its-game-to-e-sports-with-new-tie-up/ Tue, 30 Apr 2024 04:56:52 +0000 https://thebambooworks.com/?p=31414 CMGE in new tie-up with ChaojingThe mid-sized gaming company announced a strategic alliance with e-sports specialist Guangzhou Chaojing Investment, though no financial terms were given Key Takeaways:    By Doug Young CMGE Technology Group Ltd. (0302.HK) is placing a big bet on e-sports, hoping a related new tie-up can bring some “game” back to its sagging stock. Investors seemed to.....

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TVB tunes into new era of profits, ending six-year losing streak https://thebambooworks.com/tvb-tunes-into-new-era-of-profits-ending-six-year-losing-streak/ Mon, 29 Apr 2024 04:18:39 +0000 https://thebambooworks.com/?p=31396 TVB projecting positive profit after a six-year losing streakHong Kong’s leading broadcaster said it expects to return to profitability in the second half of this year with the success of its “Queen of News” drama series Key Takeaways: By Li Shih Ta Sometimes it takes the news to make the news. That’s certainly the case for Television Broadcasts Ltd. (0511.HK), or TVB, Hong Kong’s leading.....

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Fosun Tourism’s post-Covid holiday fizzles https://thebambooworks.com/fosun-tourisms-post-covid-holiday-fizzles/ Tue, 23 Apr 2024 05:50:54 +0000 https://thebambooworks.com/?p=31180 Fosun Tourism trades at all time lowThe resort unit of one of China’s leading conglomerates posted modest growth in the first quarter, as its broader outlook was clouded by debt issues at its parent  Key Takeaways:    By Doug Young There’s not much fun these days at Fosun Tourism Group (1992.HK), one of China’s leading tourism companies and owner of the.....

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Ximalaya aims high in third listing attempt https://thebambooworks.com/ximalaya-aims-high-in-third-listing-attempt/ Mon, 15 Apr 2024 06:19:02 +0000 https://thebambooworks.com/?p=30919 Ximalaya files for IPOChina’s leading podcast platform could become one of Hong Kong’s hottest tech offerings in recent years, boasting a huge base of loyal users and a recent move to profitability Key Takeaways:    By Doug Young After an aborted listing attempt in New York back in 2021, followed not long after by another IPO application in.....

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‘Warcraft’ return to NetEase signals extension of China’s gaming relaxation https://thebambooworks.com/warcraft-return-to-netease-signals-extension-of-chinas-gaming-relaxation/ Fri, 12 Apr 2024 04:17:42 +0000 https://thebambooworks.com/?p=30880 NetEase renews deal with BlizzardA new deal to bring popular ‘World of Warcraft’ games back to China after a one-year absence will have relatively little financial impact on the game’s local host Key Takeaways:    By Doug Young The return of “World of Warcraft” to China looked like big news when local gaming giant NetEase Inc. (NTES.US; 9999.HK) announced.....

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‘Sing! China’ flames out, leaving STAR CM in the dark https://thebambooworks.com/sing-china-flames-out-leaving-star-cm-in-the-dark/ Mon, 08 Apr 2024 01:26:23 +0000 https://thebambooworks.com/?p=30709 STAR CM in darknessThe popular talent reality show was temporarily suspended, and its creator’s revenue plunged, after a famous singer criticized it in a video last year Key Takeaways: By Lau Chi Hang To call it a falling star might be an understatement. STAR CM Holdings Ltd.’s (6698.HK) sudden plunge from grace was on prominent display in the reality.....

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Strawbear slips into the red but seeks salvation in AI https://thebambooworks.com/strawbear-slips-into-the-red-but-seeks-salvation-in-ai/ Fri, 05 Apr 2024 03:17:36 +0000 https://thebambooworks.com/?p=30633 The drama production company has lost 90% of its market value since an IPO three years ago, and just posted its first annual loss.The drama production company has lost 90% of its market value since an IPO three years ago, and just posted its first annual loss Key Takeaways:   By Fai Pui After the challenges of Covid, China’s entertainment industry was set for a healthy recovery last year. But for one producer of hit dramas, the story.....

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Yalla seeks major game publishers for ‘Act Two’ of its hardcore gaming foray https://thebambooworks.com/yalla-seeks-major-game-publishers-for-act-two-of-its-hardcore-gaming-foray/ Mon, 18 Mar 2024 02:24:49 +0000 https://thebambooworks.com/?p=29799 Yalla looks for hardcore game partnersThe Middle Eastern social media and gaming company’s revenue rose 7.7% in the fourth quarter, as its profit soared nearly 80% on better monetization and cost controls Key Takeaways:    By Doug Young Leading Middle Eastern social media company Yalla Group Ltd. (YALA.US) is getting ready for “Act Two” of its move into mid- and.....

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Bar chain Helens tastes profits again after reboot  https://thebambooworks.com/bar-chain-helens-tastes-profits-again-after-reboot/ Wed, 13 Mar 2024 00:54:39 +0000 https://thebambooworks.com/?p=29632 Helens reboots franchising modeThe Hong Kong-listed bar operator has found a way back to profit after launching a new franchise model last year  Key Takeaways:    By Li Shih Ta A leading Chinese bar chain that struggled during the dark days of Covid is toasting a return to profit, in a sign of renewed life in the nighttime.....

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Fosun Tourism at crossroads as parent shops its two major assets https://thebambooworks.com/fosun-tourism-at-crossroads-as-parent-shops-its-two-major-assets/ Fri, 08 Mar 2024 06:31:45 +0000 https://thebambooworks.com/?p=29497 Fosun looks to sell Atlantis SanyaFosun International is reportedly looking to sell some or all of its tourism unit’s Atlantis Sanya mega-resort, as well as a stake in the unit’s Club Med resort chain Key Takeaways:    By Doug Young There’s strategic investing, and then there’s debt. When it comes to the two, debt seems to take precedence these days.....

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Lady luck smiles on Wynn Macau with surging gaming recovery https://thebambooworks.com/lady-luck-smiles-on-wynn-macau-with-surging-gaming-recovery/ Tue, 05 Mar 2024 00:26:37 +0000 https://thebambooworks.com/?p=29320 Wynn Macau’s operating revenue surges over threefold amid gaming recoveryThe casino operator was a major beneficiary of the city’s post-pandemic rebound, and is likely to further pare its debt load amid a sustained recovery this year Key Takeways:       By Ken Lo China’s re-opening in 2023 juiced up the gambling industry in the historic city of Macau, where gross gaming revenue surged to 183.1.....

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