Yalla’s gaming push bears early fruit as new titles sweeten its revenue mix
The company’s game revenue rose 11.6% in the second quarter, as its new mid-and hardcore titles begin to supplement its flagship chat and casual gaming apps Key Takeaways Yalla reported…
Huya revenue rises 11% on strong gains for game-related services
Gaming company Huya Inc. (HUYA.US) on Tuesday reported its revenue rose 11% year-on-year to 1.74 billion yuan ($258 million) in the second quarter, as a decline for its core livesteaming…
Boyaa Interactive books massive loss on crypto bets
Online gaming company Boyaa Interactive International Ltd. (0434.HK) on Monday said it swung to a net loss of HK$790 million ($101 million) to HK$800 million in the first half of…
BRIEF: NetEase profit inches up as gaming revenue stays strong
Gaming giant NetEase Inc. (9999.HK; NTES.US) announced on Thursday its revenue rose 6.1% year-on-year to 30.6 billion yuan ($4.5 billion) in the first quarter, while its net profit increased 3.6%…
Yalla eyes return to solid growth as new gaming drive revs up
The company expects to start generating meaningful revenue in the second half of this year from two new mid- to hardcore games, including an SLG title launched in April Key…
Boyaa Interactive’s ‘bitcoinization’ strategy faces Web3 reality check
Once known for its Texas Hold’em games, the company is repositioning itself as a Hong Kong-listed bitcoin play through its push into Web3 gaming Key Takeaways: Boyaa Interactive said its…
BRIEF: CMGE raises $3.8 million in share placement at 6% discount
Game operator CMGE Technology Group (0302.HK) said Tuesday it has agreed to sell about 123 million new shares to three investors at HK$0.244 each, representing a discount of about 6.15%…
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