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…
East Buy turns Douyin setback into publicity coup
The livestreaming company found itself in the spotlight when one of its Douyin channels was blocked, and seized the chance to promote its own e-commerce platform Key Takeaways: East Buy…
FAST NEWS: Live-streamer Scienjoy’s Revenue Grows But Profit Slumps
The latest: Livestreaming platform operator Scienjoy Holding Corp. (SJ.US) reported Thursday its revenue rose 28.8% in the second quarter to 507 million yuan ($75.6 million), while its net profit dropped 26.8% 67.4 million…
FAST NEWS: Bilibili Bans Minors From Livestreaming During Summer Holiday
The latest: Bilibili Inc. (BILI.US; 9626.HK), a Chinese live video-sharing platform, said Saturday it has launched a two-month special campaign to regulate the online environment for minors in the summer of…
Huafang Hopes ‘Internet Bad Boy’ Backing Will Bring Investors Streaming to Its IPO
The second-tier livestreaming platform has applied to list in Hong Kong for a second time, as its business bounces back from a difficult merger Key Takeaways: Huafang Group posted 4.6…
FAST NEWS: DouYu Surges After Reporting Return to Revenue Growth
The latest: Game-centric livestreaming platform DouYu Holdings Ltd. (DOYU.US) reported its revenue rose 2.6% year-on-year to 2.3 billion yuan ($362 million) in the fourth quarter of 2021. Its net loss…
FAST NEWS: Inke’s Earnings Double on Diversification Strategy
The latest: Inke Ltd. (3700.HK), which operates a social and livestreaming platform, released a positive profit alert on Wednesday evening, estimating its net profit after tax last year was about…
