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
FAST NEWS: Bilibili Shares Soar on Shrinking Losses
The latest: Video-sharing platform Bilibili Inc. (BILI.US; 9626.HK) announced on Thursday its revenue increased 6% to 6.14 billion yuan ($890 million) in last year’s fourth quarter, while its net loss narrowed by 19%…
9626.HK
BILI.US
FAST NEWS: Agora Revenue Flatlines in Fourth Quarter
The Latest: Real-time engagement technologies provider Agora Inc. (API.US) reported its revenue was flat in last year’s fourth quarter, dipping slightly by 0.7% to $40.1 million from a year earlier.…
API.US
FAST NEWS: Cloud Music’s Loss Narrows on Better User Monetization
The latest: Cloud Music Inc. (9899.HK), the music arm of gaming giant NetEase (NTES.US; 9999.HK), announced Thursday that its revenue rose 28.5% to 8.99 billion yuan ($1.29 billion) last year,…
FAST NEWS: iQiyi Turns Profitable on Rising Memberships
The latest: Chinese video platform Beijing iQiyi Science & Technology Co. Ltd. (IQ.US) announced Wednesday that its revenue rose 3% year-on-year to 7.59 billion yuan ($1.1 billion) in last year’s fourth quarter. It recorded a 304…
