Stagnating Weibo at existential moment
One of China’s earliest social media companies said most of its major metrics were flat in its latest quarterly report, as it remains reliant on advertising for 85% of its…
Yalla profit zooms on gaming jump, enhanced efficiency
The Middle Eastern social media company posted record revenue in the third quarter, as its profit jumped 44% on cost controls and strong gaming revenue gains Yalla’s revenue rose 6.4%…
Yalla records stable revenue, prepares for next growth stage
The social networking and gaming company’s revenue rose despite one-off impact from the World Cup in Qatar, as it continued sowing the seeds for its next stage of growth Key…
Hello Group Soars as Investors Snap Up Stock on China Covid Easing
Shares of company often called the ‘Tinder of China’ surged nearly 30% in heavy trading after it reported results largely in line with recent trendsKey Takeaways:Hello Group’s stock jumped nearly…
Tencent-Backed Soulgate Seeks to Get Its Groove on With Hong Kong IPO
Operator of China’s metaverse social media dating app Soul files for listing less than a month after finally ditching a year-long suspended plan for an IPO on the Nasdaq Key…
Is Tencent Past the Worst as Government Sends Easing Signals?
After reporting disappointing quarterly results, gaming giant could get help as government signals plans to relax recent regulatory wave Key Takeaways: Tencent reported its first quarter profit fell 22.9%, but…
After Rising to Fame as Hot Audio Social App, Yalla Finds New Role Model in Facebook
Emerging markets-focused social media company details several new initiatives in its latest quarterly report as it diversifies beyond its core voice-based services Key Takeaways: Yalla said its first-quarter revenue rose…
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