Youdao edges towards profits

Is Youdao finally learning how to earn profits?

The education spinoff of gaming giant NetEase reported narrowing losses in the second quarter and said it expects to be profitable on an operating basis this year Key Takeaways: Youdao…
Game operator ZX sees creative future in AI

Game operator ZX sees creative future in AI

The owner of the Tan Wan platform has invested HK$100 million to set up a subsidiary to apply artificial intelligence to the gaming industry   Key Takeaways: ZX revenue fell 26% to…
CMGE in new tie-up with Chaojing

CMGE turns its game to e-sports with new tie-up

The mid-sized gaming company announced a strategic alliance with e-sports specialist Guangzhou Chaojing Investment, though no financial terms were given Key Takeaways: CMGE said it has formed a partnership with…
Chinese music platform Cloud Music on Thursday reported a net profit of 734 million yuan for 2023, reversing a loss of 221 million yuan in 2022 and marking its first-ever annual profit.

FAST NEWS: Cloud Music posts first annual profit

The latest: Chinese music platform Cloud Music Inc. (9899.HK) on Thursday reported a net profit of 734 million yuan ($102 million) for 2023, reversing a loss of 221 million yuan in 2022…