BRIEF: Kuaishou’s third-quarter profit jumps as AI fuels growth
Short-video platform Kuaishou Technology (1024.HK) reported on Wednesday its revenue rose 14.2% year-on-year to 35.6 billion yuan ($5 billion) in the third quarter, while its profit jumped 37.3% to 4.49…
BRIEF: Bilibili swings to profit as advertising revenue jumps
Video platform Bilibili Inc. (9626.HK; BILI.US)on Thursday reported a third-quarter net profit of 469 million yuan ($65.9 million), reversing a net loss of 79.8 million yuan in the same period…
BRIEF: Game-related services drive Huya’s 10% revenue growth in third quarter
Livestream gaming company Huya Inc. (HUYA.US) announced on Wednesday that its revenue for the third quarter rose 9.8% year-on-year to 1.69 billion yuan ($237 million), marking its strongest quarterly growth…
BRIEF: Imax China profit jumps on global box office recovery
Big-screen cinema company Imax China Holding Inc. (1979.HK) announced on Thursday that its revenue rose 16.6% year-on-year to $107 million (762 million yuan) in the third quarter, as its net…
BRIEF: Sands China ekes out small revenue gain in third quarter
Casino operator Sands China Ltd. (1928.HK) reported on Thursday its net revenue rose 1.5% year-on-year in the third quarter to $272 million, as its adjusted property EBITDA rose by a…
BRIEF: Boyaa buys an additional $28 million worth of bitcoin
Online game developer Boyaa Interactive International Ltd. (0434.HK) said on Tuesday it bought 245 bitcoins between Sept. 15 and 16 for a total of HK$219 million ($28.16 million). It funded…
NEWS WRAP: China, U.S. reach framework deal on TikTok
The agreement is expected to resolve U.S. security concerns while ensuring the popular social media platform retains its ‘Chinese characteristics’ By Lee Shih Ta U.S. and Chinese officials said…
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