Mass Layoffs at ‘China’s Instagram’: Tough Times or Primping for IPO?
Xiaohongshu confirms cutting 9% of its staff amid similar layoffs at other big internet companies. But some suspect the move may be aimed at improving its financials for an IPO…
RELATED ARTICLES
-
Shrinking DouYu emerges as leaner and meaner ‘fighting fish’
DOYU.US
-
Misfortune for DouYu as CEO faces gambling charges
DOYU.US
-
Huya claws its way back to profits, but growth remains elusive
HUYA.US
-
Huya revenues sag 30%, looks ahead to diversification plan
HUYA.US
-
Out with the old… Tencent sells app store to Huya
HUYA.US 0700.HK
-
With strong results, who needs splashy chatbots? Not Tencent
0700.HK
-
FAST NEWS: DouYu records fourth consecutive profitable quarter on cost-cutting
DOYU.US
Discover hidden China stock gems in our weekly newsletter