BRIEF: Olympics provides lift to Weibo’s profit
Social media platform Weibo Corp. (WB.US; 9898.HK) announced on Tuesday its revenue rose 5% to $464.5 million year-on-year in third-quarter. It credited the growth to strong ad revenues from certain key…
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…
FAST NEWS: Weibo Profit Tumbles on Sliding Ad Revenue
The latest: Weibo Corp. (WB.US; 9898.HK) on Thursday reported its revenue dropped 22% to $450 million in the second quarter, while its net profit plunged 65% to $28.3 million. Looking up:…
FAST NEWS: SEC Doubles Number of Chinese Companies at Risk of Delisting
The latest: The U.S. Securities and Exchange Commission (SEC) on Tuesday added 12 company names to a growing list of New York-traded Chinese firms that could be delisted for failing…
Weibo Plays With the Big Boys in Numbers, But Investors Still Worry
Despite impressive financial results last year, China’s Twitter equivalent faces the challenge of better monetizing users in its highly regulated home market Key takeaways: Weibo’s revenue rose above pre-pandemic levels…
FAST NEWS: Baidu Joins List of U.S.-Traded Chinese Stocks in Danger of Delisting
The latest: China’s dominant search engine Baidu Inc. (BIDU.US; 9888.HK) on Wednesday was added to a growing list of companies facing the risk of forced delisting from U.S. stock exchanges.…