INDUSTRY BRIEF: China box office hits record during Lunar New Year holiday
China’s box office set a new record during this year’s weeklong Lunar New Year holiday, according to data from Maoyan Pro. As of 8 a.m. on Wednesday, the top 10…
INDUSTRY BRIEF: Macau’s gaming revenue falls for second consecutive month
Macau’s gross gaming revenue in January fell 5.6% year-on-year to 18.25 billion patacas ($2.24 billion), the Macau Gaming Inspection and Coordination Bureau announced on Monday, as the market loses momentum…
BRIEF: China Ruyi raises $500 million in share placement at slight discount
Entertainment company China Ruyi Holdings Ltd. (0136.HK) announced on Tuesday that it would raise HK$2.7 billion ($347 million) through the sale of 1.15 billion shares at a subscription price of…
BRIEF: Fosun Tourism may have dropped into the red last year
Fosun Tourism Group (1992.HK), operator of the Club Med resort chain, said on Monday that it may have lost money last year, or reported a small profit. The company said…
BRIEF: NIP Group in $40 million partnership with Abu Dhabi
Esports company NIP Group (NIPG.US) announced it has entered a partnership to develop the esports industry in Abu Dhabi, in a $40 million, five-year deal that will also see the…
NEWS WRAP: DouYu names new CEO, declares massive dividend to entice investors
The livestream gaming platform unveiled new leadership more than a year after the arrest of its CEO, in a bid to overcome challenges on multiple fronts By Teri Yu Online…
BRIEF: China Tourism Group Duty Free’s revenue, profit decline in 2024
Duty free store operator China Tourism Group Duty Free Corp. Ltd. (1880.HK) said on Thursday its revenue and profit both dropped by double-digit amounts last year, as Chinese consumers reined…
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