BRIEF: iQiyi’s revenue sags as company falls back into the red
Online video service provider iQiyi Inc. (IQ.US) said on Wednesday its revenue fell 11% year-on-year in the second quarter to 6.63 billion yuan ($923 million), as it slipped back into…
BRIEF: Vobile raises $65 million through share placement
Video protection and monetization services provider Vobile Group Ltd. (3738.HK) said on Tuesday it raised HK$513 million ($65 million) by selling 138 million new shares to six or more investors…
BRIEF: iQiyi’s revenue falls as advertising, membership services slump
Online video platform iQiyi Inc. (IQ.US) on Wednesday reported its revenue slumped 9% year-on-year in the first quarter, dragged down by declines for its core membership and advertising services. The…
VIDEO BRIEF: Baidu accelerates in AI as robotaxi service gains speed
Baidu maintained its quarterly revenue at $4.7 billion and its Apollo Go autonomous driving unit logged over 1.1 million rides in the quarter.
Gamehaus courts investors with its China roots, international focus on casual games
The mobile game publisher has registered its New York IPO plan with China’s securities regulator, clearing a key final hurdle for its delayed New York SPAC listing Key Takeaways: Gamehaus…
Baijiayun eyes more fundraising to feed its young, cash-hungry video empire
The provider of cloud-based video technologies plans to sell new shares to fund its acquisition-driven growth, even as its operating losses balloon Key Takeaways: Baijiayun plans to sell about 1.9…
Huya, DouYu Flounder in First Quarter, With Worse to Come
Livestream gaming platforms reported losses and contracting revenue in first quarter, and warned of tough times ahead after announcement of new restrictions last week Key Takeaways: Huya and DouYu, which…
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