FAST NEWS: Alibaba Pictures bleeds red ink on pandemic movie blow
The latest: Filmed entertainment maker Alibaba Pictures Group Ltd. (1060.HK) reported Wednesday that revenue for its fiscal year through March fell 4% to 3.52 billion yuan ($495 million). It recorded a net…
1060.HK
FAST NEWS: Cloud Music shares plunge on revenue decline
The latest: Chinese music platform Cloud Music Inc. (9899.HK) last Friday reported first-quarter revenue of 1.96 billion yuan ($277 million), down 5.2% year-over-year and 17.5% quarter-over-quarter, respectively. Its gross profit for…
9899.HK
FAST NEWS: Zhihu’s loss narrows on strong new business growth
The latest: Online Q&A site Zhihu Inc. (ZH.US; 2390.HK) said on Wednesday that its first quarter revenue increased 33.8% year-on-year to 994 million yuan ($140 million), while its net loss…
ZH.US
2390.HK
FAST NEWS: Newborn Town’s revenue dips in first quarter
The latest: Social networking platform operator Newborn Town Inc. (9911.HK) reported Thursday that revenue from its social networking business totaled between 580 million yuan ($84 million) and 600 million yuan…
9911.HK
FAST NEWS: Strawbear profit drops as Covid hits its drama productions
The latest: TV drama producer and distributor Strawbear Entertainment Group (2125.HK) said its revenue fell 42.4% to 981 million yuan ($143 million) last year, while its net profit fell by…
2125.HK
FAST NEWS: Hello Group’s profit surges, but revenue and paying users fall
The latest: Dating app operator Hello Group Inc. (MOMO.US) reported on Thursday its revenue dropped 12.6% to 3.21 billion yuan ($466 million) in last year’s fourth quarter, the 12th consecutive…
MOMO.US
FAST NEWS: Gamer IGG posts first loss in a decade
The latest: Mobile game publisher IGG Inc. (0799.HK) said on Monday it expects to report a net loss of HK$490 million ($63 million) to HK$510 million last year, reversing its…
0799.HK
