FAST NEWS: Tencent Music’s profit jumps, but social entertainment revenue sinks
The latest: Tencent Music Entertainment Group (TME.US; 1698.HK) on Tuesday announced its third-quarter net profit rose 10.1% year-on-year to 1.17 billion yuan ($160 million), mainly due to a 14.8% drop…
TME.US
1698.HK
FAST NEWS: Shareholders reject IMAX China’s privatization plan
The latest: IMAX China Holding Inc. (1970.HK) announced Tuesday that shareholders have rejected a proposal by its parent and controlling shareholder IMAX Corp. (IMAX.TO) to privatize the company. Looking up:…
1970.HK
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…
SJ.US
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…
SJ.US
FAST NEWS: Hello Group’s profit soars as Tantan breaks even
The latest: Dating app operator Hello Group Inc. (MOMO.US) on Thursday reported its net profit reached 568 million yuan ($78.3 million) in the second quarter, up 64.5% year-on-year and 45.6%…
MOMO.US
FAST NEWS: Meitu’s profit soars on higher VIP subscriptions
The latest: Chinese beauty app Meitu Inc. (1357.HK) announced on Monday it recorded a net profit of 228 million yuan ($31.3 million) in the first half of 2023, reversing a net loss of 266…
1357.HK
FAST NEWS: CMGE returns to profits as game approvals resume
The latest: Game operator CMGE Technology Group Ltd. (0302.HK) said Thursday it expects to post a non-GAAP adjusted net profit of 65 million yuan (8.93$ million) or more for the first half of…
302.HK
