DouYu swims away from livestreaming in search of fresher waters
The company’s stock jumped 17% after it reported strong progress in moving beyond its legacy livestream gaming business, even as its quarterly loss swelled Key Takeaways: DouYu’s fourth-quarter revenue sank…
Douyin in, WeChat out of latest U.S. ‘Notorious Markets’ piracy list
Chinese companies continued to dominate the annual U.S. list of online and offline marketplaces with high trading in counterfeit goods By Teri Yu Douyin Mall, the e-commerce arm of Chinese…
Is DouYu swimming towards being acquired?
The livestreamer’s business continued to deteriorate in the second quarter, as it remained without long-term leadership after the arrest of its chairman and CEO last year Key Takeaways: DouYu’s revenue…
FAST NEWS: Chicmax’s profit skyrockets on growth of Kans brand
The Latest: Skincare products maker Shanghai Chicmax Cosmetic Co. Ltd. (2145.HK) reported Thursday its net profit surged more than three times to 412 million yuan ($58 million) in the first half of…
Xiaohongshu’s new funding: Return to old times or end of a chapter?
The social e-commerce company, whose name means ‘Little Red Book,’ scored a relative rarity by attracting Western big-name DST in its latest funding round Key Takeaways: Xiaohongshu was valued at…
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…
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…
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