Digital learning firm Shanghai Able targets tech upgrade
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…
FAST NEWS: Weibo Profit Tumbles on Sliding Ad Revenue
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:…
Qutoutiao’s Reverse Share Split Spooks Wall Street
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…
Sohu Sets Stage for Potential NY Exit with Return to Profitability
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…
Conservative E-House Spruces Up With Modest Acquisition
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…
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