BRIEF: China Literature sees red on acquisition-related goodwill impairment
Online literature platform China Literature Ltd. (0772.HK) announced on Tuesday it expects to report a net loss of 150 million yuan ($20.7 million) to 250 million yuan for last year,…
‘Chinese WeWork’ UCommune Reports Huge Losses, Sees Dark Days Ahead
Falling demand for office spaces during Covid-19 and massive goodwill depreciation lead to record-breaking losses for the coworking operator Key Takeaways: UCommune breaks new net-loss record in 2021 and has burned…
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