FAST NEWS: Scienjoy pivots to metaverse with Middle Eastern investment
The Latest: Scienjoy Holding Corp. (SJ.US), operator of an entertainment livestreaming platform in China, announced on Wednesday it will invest $3 million to acquire 30% of DVCC Technology LLC, a…
CHINA BULLETIN: China Frets Over Trade
In this week’s issue growing trade troubles, sagging smartphone sales and British Airways jets back to China. On a scale of 1 to 100, we give the week a 50 for offshore-listed China stocks.
FAST NEWS: Flowing Cloud’s Profit Soars on Metaverse Gains
The latest: “Metaverse-concept stock” Flowing Cloud Technology Ltd. (6610.HK) on Tuesday said it expects to report its revenue rose 68% to 84.8% to between 1 billion yuan ($146 million) and…
FAST NEWS: Newborn Town Social Business Revenue Up 20% in 2022
The latest: Social networking platform operator Newborn Town Inc. (9911.HK) said Tuesday it expects to report that revenue from its social networking business reached between 2.45 billion yuan ($366 million)…
Big-Spending Game Developer ZX Rolls the Dice With IPO Plan
Despite benefiting from a gaming surge during Covid lockdowns, the company’s finances still contain some red flags as it eyes a Hong Kong listingKey Takeaways:ZX Inc.'s revenue and profit both…
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…
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…
