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%…
Huya finds new growth formula by monetizing games, not just streams
The company is starting to monetize its gaming ecosystem through game publishing, selling in-game items and providing other related services Key Takeaways: Huya’s latest results show its long-promised shift beyond…
BRIEF: CMGE posts $217 million loss for 2025
Game operator CMGE Technology Group Ltd. (0302.HK) said on Sunday it expects to report a net loss of up to 1.5 billion yuan ($217 million) for 2025, improving from a loss of 2.1 billion…
BRIEF: NetEase’s quarterly profit falls, even as revenue rises
Gaming giant NetEase Inc. (9999.HK; NTES.US) on Wednesday reported its revenue rose 3% year-on-year to 27.5 billion yuan ($3.98 billion) in the fourth quarter. But its quarterly profit fell 29.5% to…
