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: 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: 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