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…
Kuaishou investors cheer profit news and buyback plan
The short-video platform posted a modest adjusted profit in the first quarter, stemming the flow of red ink for the first time since its IPO Key Takeaways: Kuaishou’s quarterly revenue…
Zhihu seeks answer to profit challenge as its businesses grow apart
The online Q&A platform often called the ‘Quora of China’ saw its losses widen in 2022, as it posted a 12th consecutive quarter in the red at the end of…
Bilibili Trades on Strong Name in Debt-for-Shares Swap
The popular video site sold $409 million in new shares ahead of its fourth-quarter results release, and will use part of the proceeds to buy back debt coming due in…
Scienjoy’s Bets on Metaverse and NFTs Fail to Impress Investors
The livestreaming platforms operator is investing heavily in products linked to the metaverse and non-fungible tokens amid challenges for its main business Key Takeaways: ● Scienjoy reported 27% first-quarter revenue…
Living in TikTok’s Shadow, Kuaishou Bleeds Red Ink and Cash
The short-video platform’s loss narrowed by 34% in the first quarter, as investors worry about how long its cash can last Key Takeaways: Kuaishou’s adjusted net loss narrowed in the…
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