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…
BRIEF: Archosaur buys $24.2 million in wealth management products
Mobile game developer Archosaur Game Inc. (9990.HK) said last Friday it purchased a series of wealth management products totaling $24.2 million, including $12.6 million invested last week in bond-linked notes.…
BRIEF: Baidu to issue yuan-denominated notes
Chinese internet giant Baidu Inc. (9888.HK, BIDU.US) said on Monday it plans to offer yuan-denominated unsecured senior notes in offshore transactions outside the U.S. The company plans to use proceeds…
INDUSTRY BRIEF: China eases TV drama restrictions, industry sees turning point
China’s television drama industry is seeing its most significant regulatory relaxation in nearly 20 years, according to a report in financial media Caixin. The National Radio and Television Administration (NRTA)…
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