BRIEF: China Literature sees red on acquisition-related goodwill impairment
Online literature platform China Literature Ltd. (0772.HK) announced on Tuesday it expects to report a net loss of 150 million yuan ($20.7 million) to 250 million yuan for last year,…
NEWS WRAP: Blockbusters charge up China Literature’s profits
The Tencent-backed online literature platform saw strong growth from its intellectual property operations By Teri Yu Online literature platform China Literature’s (0772.HK) revenue rose 27.7% year-on-year to 4.19 billion yuan…
TVB tunes into new era of profits, ending six-year losing streak
Hong Kong’s leading broadcaster said it expects to return to profitability in the second half of this year with the success of its “Queen of News” drama series Key Takeaways:…
Out with the old… Tencent sells app store to Huya
Weeks after offloading its animation business, Tencent has sold its overseas app store to the livestream gaming platform Huya Key Takeaways: Huya is looking to use the APKpure acquisition to…
China’s ‘Amazon’ gets more animated with purchase from Tencent
With a quarter of China’s online readers as customers, e-book giant China Literature announced it is buying its parent’s comics and animation unit Key Takeaways: China Literature’s acquisition of Tencent’s…
The plot thickens: Easou eyes ChatGPT tech to write e-books
The Chinese e-reading platform wants to develop the literary potential of AI, citing ChatGPT for the first time in a Hong Kong IPO filing Key Takeaways: Easou Technology has applied…
Fading Producer of China’s ‘The Voice’ Files for Hong Kong IPO
Star CM took China by storm with a Chinese edition of the popular reality series, but has fallen onto hard times lately Key Takeaways: Variety show producer Star CM has…
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