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…
Yalla records stable revenue, prepares for next growth stage
The social networking and gaming company’s revenue rose despite one-off impact from the World Cup in Qatar, as it continued sowing the seeds for its next stage of growth Key…
For Better or for Worse, IPO Aspirant Powerwin is Bound to its Ad Partners
The provider of cross-border online marketing services plans to go public in Hong Kong, but its falling revenue and profit, combined with a worsening cash position, are troubling for investorsKey…
Hello Group Soars as Investors Snap Up Stock on China Covid Easing
Shares of company often called the ‘Tinder of China’ surged nearly 30% in heavy trading after it reported results largely in line with recent trendsKey Takeaways:Hello Group’s stock jumped nearly…
TikTok-ing Off High Valuation, ByteDance Offers to Buy Out Early Investors
The TikTok parent will buy back up to $3 billion of its own shares at a valuation of about $300 billion, even as China’s second largest internet company also faces…
Flowing Cloud Technology Files for Hong Kong IPO Amid Metaverse Frenzy
Enterprise-focused AR/VR app supplier says it ranks No. 1 in China in a metaverse niche, as it files for an IPO on the heels of filing by Soulgate, another metaverse…
Crypto Chip Maker Nano Labs Pops, Then Plunges, in New York IPO
The crypto mining chip maker’s stock got off to rocky start after it slashed the size of its initial public offering amid a cryptocurrency meltdown Key takeaways: Nano Labs shares…
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