FAST NEWS: BlackRock reduces Kuaishou stake to below 5%
The Latest: Asset manager BlackRock disclosed it sold about 7.8 million shares of Kuaishou Technology (1024.HK) on Oct. 24, reducing its stake in the video site from 5.05% to 4.84%, according…
FAST NEWS: Kuaishou punishes anti-Japanese accounts
The Latest: Short-video platform Kuaishou Technology (1024.HK) announced on Saturday that it has penalized more than 90 accounts whose owners posted untrue and harmful information that incited confrontation between China and Japan.…
Is DouYu swimming towards being acquired?
The livestreamer’s business continued to deteriorate in the second quarter, as it remained without long-term leadership after the arrest of its chairman and CEO last year Key Takeaways: DouYu’s revenue…
FAST NEWS: DouYu Shares surge on special dividend plan
The Latest: Livestreaming game platform DouYu Holdings Ltd. (DOYU.US) on Wednesday announced a special cash dividend of $9.76 per share, to shareholders of record of ordinary shares and American Depositary…
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:…
Weibo pins hope on Olympics to boost its advertising revenue
The veteran Chinese social media platform been losing market share to video-based competitors such as Douyin, Kuaishou and Xiaohongshu Key Takeaways: Weibo’s first-quarter revenue fell 4%, hit by declining income…
FAST NEWS: DouYu records fourth consecutive profitable quarter on cost-cutting
The latest: Livestreaming game platform DouYu Holdings Ltd. (DOYU.US) on Thursday announced a net profit of 76.4 million yuan ($10.7 million) for the third quarter, marking its fourth consecutive quarterly profit, and reversing…
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