INDUSTRY BRIEF: ‘Ne Zha 2’ a dud at global box office
Despite earning a massive $2.15 billion in ticket sales, the blockbuster animated film “Ne Zha 2” has earned just $60 million from sales outside China, financial media Caixin reported on…
BRIEF: NetDragon’s profit slumps on weakness in its gaming, education businesses
Game operator NetDragon Websoft Holdings Ltd. (0777.HK) said on Wednesday that revenue from its core gaming business fell 6% last year to 3.94 billion yuan ($543 million) from 4.19 billion…
BRIEF: CMGE loss swells on weak year for new games
Game operator CMGE Technology Group Ltd. (0302.HK) said on Wednesday it expects to report that its net loss for 2024 ballooned to 2.2 billion yuan ($304 million) from a loss…
BRIEF: Sands China chairman to step down in March 2026
Casino operator Sands China Ltd. (1928.HK) announced on Friday that Robert Goldstein will step down as its chairman effective March 1, 2026. It added Goldstein will transition from his role…
BRIEF: Newborn Town’s revenue jumps on acquisitions
Developing markets social media operator Newborn Town Inc. (9911.HK) said on Tuesday its revenue rose more than 50% last year, as it consolidated two recent acquisitions into its results for…
BRIEF: ByteDance reaches $315 billion valuation in latest share buyback
ByteDance, parent of short-video sensation TikTok, was set to conduct a share buyback this week that values it at $315 billion, a record for the company, according to Reuters. Citing…
BRIEF: SJM returns to the black on Macao gaming rebound
Casino operator SJM Holdings Ltd. (0880.HK) announced on Tuesday it returned to the black last year, ending four consecutive annual losses, as Macao’s gaming market rebounded with the end of…
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