The veteran Chinese social media platform been losing market share to video-based competitors such as Douyin, Kuaishou and Xiaohongshu.

Weibo pins hope on Olympics to boost its advertising revenue

The veteran Chinese social media platform been losing market share to video-based competitors such as Douyin, Kuaishou and Xiaohongshu Key Takeaways: Weibo’s first-quarter revenue fell 4%, hit by declining income…
Can pillow sales prop up Atour’s soft stock?

Can pillow sales prop up Atour’s soft stock?

Investors were unimpressed by the hotel operator’s strong first-quarter profit growth, reflecting continued caution about the company's prospects Key Takeaways: Atour’s first-quarter profit surged more than 14-fold to nearly 260…

PODCAST: Endangered Cash Payments, and a TikTok Bid

KFC and others are fined after some of their outlets refuse to take cash. Is cash becoming an endangered species in China? And a group led by former L.A. Dodgers owner Frank McCourt assembles a bid for TikTok's U.S. operations. Will TikTok change its mind and decide to sell?