Work in progress: East Buy reinvents itself – again
The former educator-turned-livestreaming e-commerce company is trying to become an online version of discount specialist Sam’s Club with its own private label business Key Takeaways: East Buy returned to profitability…
BRIEF: DouYu returns to revenue growth, profits
Livestream gaming company DouYu International Holdings Ltd. (DOYU.US) on Monday reported its first quarterly revenue growth in more than three years, as its business stabilized after a difficult period for many Chinese…
BRIEF: Huya reports second quarter of revenue growth
Livestream gaming company Huya Inc. (HUYA.US) on Tuesday reported a second consecutive quarter of revenue growth, ending three years of declines, as strong gains for its newer game-related services offset…
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…
Joyy stuck with unwanted China business after $3.6 billion Baidu sale collapses
The livestreaming company may be forced to find a new buyer for its Chinese business at a far lower price after its sale to Baidu announced in 2020 failed to…
Shrinking DouYu emerges as leaner and meaner ‘fighting fish’
The livestream gaming company reported its third consecutive profit in the second quarter after slashing costs by 40% to offset a 24% revenue decline Key Takeaways: DouYu’s revenue fell 24%…
Scienjoy’s Bets on Metaverse and NFTs Fail to Impress Investors
The livestreaming platforms operator is investing heavily in products linked to the metaverse and non-fungible tokens amid challenges for its main business Key Takeaways: ● Scienjoy reported 27% first-quarter revenue…
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