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: CMGE raises $12 million in share placement
Game developer and publisher CMGE Technology Group Ltd. (0302.HK) announced it has agreed to place a total of 106 million new shares to three investors at a price of HK$0.90…
BRIEF: CMGE swings to red with 240 million yuan interim loss
Mobile game developer and publisher CMGE Technology Group Ltd. (0302.HK)warned on Sunday that it expects to report an interim loss of up to 243 million yuan ($34 million), reversing a…
CMGE turns its game to e-sports with new tie-up
The mid-sized gaming company announced a strategic alliance with e-sports specialist Guangzhou Chaojing Investment, though no financial terms were given Key Takeaways: CMGE said it has formed a partnership with…
FAST NEWS: CMGE’s loss narrows on cost controls
The latest: Game operator CMGE Technology Group Ltd. (0302.HK) reported Wednesday its net loss narrowed 90.2% last year to 20.08 million yuan ($2.78 million). Looking up: The company’s expenses decreased by 28% to…
FAST NEWS: CMGE returns to profits as game approvals resume
The latest: Game operator CMGE Technology Group Ltd. (0302.HK) said Thursday it expects to post a non-GAAP adjusted net profit of 65 million yuan (8.93$ million) or more for the first half of…
NetDragon hopes to deliver lesson in value with education spinoff
The company will make a backdoor listing for its international education business by injecting it into Gravitas Education in exchange for shares Key Takeaways: NetDragon will separately list its international…