BRIEF: Zhihu reports adjusted profit as operating costs drop sharply
Online Q&A platform Zhihu Inc. (2390.HK; ZH.US) announced on Tuesday its revenue for the first quarter fell 24.1% year-on-year to 729.7 million yuan ($100.6 million), while its net loss narrowed…
NEWS WRAP: Atour’s revenue grows 30% on strong gains for retail business
The hotel operator’s retail business grew 67% in the first quarter, and now accounts for more than a third of its revenue By Doug Young Atour Lifestyle Holdings Ltd.…
BRIEF: iQiyi’s revenue falls as advertising, membership services slump
Online video platform iQiyi Inc. (IQ.US) on Wednesday reported its revenue slumped 9% year-on-year in the first quarter, dragged down by declines for its core membership and advertising services. The…
BRIEF: Weibo profit doubles as AI search gains traction
Social media platform Weibo Corp. (WB.US; 9898.HK) on Wednesday reported first-quarter revenue of $396.9 million, flat year-on-year, while its net profit surged 116% to $107 million. On a non-GAAP basis,…
BRIEF: Huya returns to revenue growth after three years of contraction
Livestream gaming company Huya Inc. (HUYA.US) on Tuesday reported it returned to revenue growth in the first quarter of this year, ending more than three years of contraction, as it…
BRIEF: Macao gaming revenue rises year-on-year in April, but dips month-on-month
Macao generated gross gaming revenue of 18.86 billion patacas ($2.35 billion) in April, up 1.7% year-on-year but down 4.1% month-on-month, according to data from the city’s Gaming Inspection and Coordination…
INDUSTRY BRIEF: ‘Ne Zha 2’ a dud at global box office
Despite earning a massive $2.15 billion in ticket sales, the blockbuster animated film “Ne Zha 2” has earned just $60 million from sales outside China, financial media Caixin reported on…
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