Sina - Bamboo Works - China stock insights for global investors

Digital learning firm Shanghai Able targets tech upgrade

Sun, 12 May 2024 23:25:49 +0000

Boasting more than 27,000 online courses and backed by Sina and Baidu, the owner of China’s “Wisdom Tree” learning platform is seeking a Hong Kong IPO to boost spending on educational R&D Key Takeaways: By Li Shin Ta China’s education sector offers a case study in technology-driven change, with the rapid rise of virtual classrooms, digital.....

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FAST NEWS: Weibo Profit Tumbles on Sliding Ad Revenue

Fri, 02 Sep 2022 06:21:59 +0000

The latest: Weibo Corp. (WB.US; 9898.HK) on Thursday reported its revenue dropped 22% to $450 million in the second quarter, while its net profit plunged 65% to $28.3 million. Looking up: The company’s non-GAAP operating margin improved to 32% in the second quarter from 29% in the first, benefiting from continued cost optimization and efficiency improvements......

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Qutoutiao’s Reverse Share Split Spooks Wall Street

Tue, 07 Dec 2021 06:05:01 +0000

News aggregator’s stock falls 35% in three days after it announces 10-for-1 reverse share split to return its price back above the required $1 threshold Key takeaways: Money-losing Qutoutiao has announced a reverse 10-for-1 share split to bring its stock back above the $1 level required by the Nasdaq Move sparked a major selloff of.....

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Sohu Sets Stage for Potential NY Exit with Return to Profitability

Tue, 10 Aug 2021 04:30:11 +0000

Internet stalwart reports its third consecutive quarterly profit, paving the way for its first profitable year since 2015 Key points: Sohu’s sale of its underperforming Sogou search engine has allowed it to return to profitability after years of losses The Sogou sale has halved Sohu’s revenue and could set the stage for a sale of.....

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Conservative E-House Spruces Up With Modest Acquisition

Wed, 28 Apr 2021 05:55:49 +0000

Purchase of real estate data and services provider Tianji for $46 million is in line with approach that has kept company profitable through turbulent times Key Takeaways: E-House’s latest modest acquisition is in line with its longer-term conservative approach in China’s real estate services market That approach could protect the company from market volatility, but.....

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