FAST NEWS: Scienjoy unveils new company, acquisition in its metaverse transformation
The Latest: Scienjoy Holding Corp. (SJ.US) on Thursday unveiled Scienjoy Verse Tech Ltd., a new company that will lie at the heart of its pivot to becoming a Middle East-based…
FAST NEWS: Scienjoy pivots to metaverse with Middle Eastern investment
The Latest: Scienjoy Holding Corp. (SJ.US), operator of an entertainment livestreaming platform in China, announced on Wednesday it will invest $3 million to acquire 30% of DVCC Technology LLC, a…
FAST NEWS: Live-streamer Scienjoy’s Revenue Grows But Profit Slumps
The latest: Livestreaming platform operator Scienjoy Holding Corp. (SJ.US) reported Thursday its revenue rose 28.8% in the second quarter to 507 million yuan ($75.6 million), while its net profit dropped 26.8% 67.4 million…
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…