Social Media/Entertainment – FastNews

Founded in 2009, CMGE is a global game operator that listed in Hong Kong in 2019.

FAST NEWS: CMGE’s loss narrows on cost controls

The latest: Game operator CMGE Technology Group Ltd. (0302.HK) reported Wednesday its net loss narrowed 90.2% last year to 20.08 million yuan ($2.78 million). Looking up: The company’s expenses decreased by 28% to…
0302.HK
Founded in 2011 and listed on the Nasdaq in 2014, Hello Group, operates two main mobile apps, Momo and Tantan, and is often referred to as the “Tinder of China.”

FAST NEWS: Hello Group plunges as paying users drop

The latest: Dating app operator Hello Group Inc. (MOMO.US) reported on Thursday its net profit jumped 13.7% year-on-year to 452 million yuan ($62.8 million) in the fourth quarter of 2023,…
MOMO.US
Bilibili’s losses narrow on improving efficiency

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…
9626.HK BILI.US
Chinese music platform Cloud Music on Thursday reported a net profit of 734 million yuan for 2023, reversing a loss of 221 million yuan in 2022 and marking its first-ever annual profit.

FAST NEWS: Cloud Music posts first annual profit

The latest: Chinese music platform Cloud Music Inc. (9899.HK) on Thursday reported a net profit of 734 million yuan ($102 million) for 2023, reversing a loss of 221 million yuan in 2022…
9899.HK
Online Q&A site Zhihu announced Monday that Wang Han has been named as the company’s new CFO. Meanwhile, previous CFO Henry Sha has resigned from that position and will become the company’s chief investment officer.

FAST NEWS: Zhihu appoints new CFO

The latest: Online Q&A site Zhihu Inc. (ZH.US; 2390.HK) announced Monday that Wang Han has been named as the company’s new CFO. Meanwhile, previous CFO Henry Sha has resigned from that position…
2390.HK ZH.US

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