BRIEF: Jay Chou-connected stock surges after pop star joins Douyin
Short video platform Douyin announced on Wednesday that Jay Chou officially opened an account under the name "Classmate Chou," sparking a surge in a stock with ties to the Taiwan…
INDUSTRY BRIEF: Thailand loses attraction for Chinese tourists
Chinese airlines plan to operate 12,800 flights between China and Thailand during this year’s peak travel season in July and August, down 22.6% year-on-year and 40% below pre-pandemic levels, financial…
INDUSTRY BRIEF: Macao’s June gaming revenue jumps nearly 20%
Macao’s gross gaming revenue totaled 21.06 billion patacas ($2.6 billion) in June, up 19% year-on-year though slipping 0.6% from May, the city’s Gaming Inspection and Coordination Bureau said on Tuesday.…
BRIEF: Ocean Park sells controlling stake in $293 million share placement
Theme park operator Haichang Ocean Park Holdings Ltd. (2255.HK) said on Monday it has agreed to sell 5.1 billion new shares to Sunriver Group for HK$0.45 apiece, raising HK$2.3 billion…
BRIEF: Zhihu reports adjusted profit as operating costs drop sharply
Online Q&A platform Zhihu Inc. (2390.HK; ZH.US) announced on Tuesday its revenue for the first quarter fell 24.1% year-on-year to 729.7 million yuan ($100.6 million), while its net loss narrowed…
NEWS WRAP: Atour’s revenue grows 30% on strong gains for retail business
The hotel operator’s retail business grew 67% in the first quarter, and now accounts for more than a third of its revenue By Doug Young Atour Lifestyle Holdings Ltd.…
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…
