Eshallgo looks skyward to cloud gaming to offset sputtering office business
The company announced a move into cloud-based games with Tencent as it struggles with plunging profits from its core office equipment business Key Takeaways: Recently listed Eshallgo has launched a…
Gamehaus courts investors with its China roots, international focus on casual games
The mobile game publisher has registered its New York IPO plan with China’s securities regulator, clearing a key final hurdle for its delayed New York SPAC listing Key Takeaways: Gamehaus…
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…
Huya’s fledgling diversification drive shows early promise
The operator of a livestreaming gaming platform said revenue from its new services launched just a year ago accounted for 20% of its total in the second quarter Key Takeaways:…
DouYu: A headless fighting fish swimming against the tide
The livestreaming game operator’s revenue fell 30% in the first quarter, accelerating from a 23% decline the previous quarter, as its chairman remains missing amid a criminal investigation Key Takeaways:…
Yalla in cruise mode as it looks for new racetrack to test its tires
The Middle Eastern social media and gaming company reported its revenue rose 7.1% in the first quarter, as its profit increased much faster on greater efficiencies Key Takeaways: Yalla’s revenue…