FAST NEWS: Strawbear Entertainment profit surges business boom
The Latest: TV drama producer and distributor Strawbear Entertainment Group (2125.HK) forecast on Tuesday it expects to report a net profit of 29 million yuan ($3.99 million) to 39 million…
Strawbear slips into the red but seeks salvation in AI
The drama production company has lost 90% of its market value since an IPO three years ago, and just posted its first annual loss Key Takeaways: Strawbear Entertainment made a…
FAST NEWS: Meitu adjusted profit triples on rising VIP subscriptions
The latest: Chinese beauty app Meitu Inc. (1357.HK) announced on Sunday that, excluding non-operating items, it expects to report a non-IFRS adjusted profit of between 330 million yuan ($45.9 million)…
FAST NEWS: Meitu’s profit soars on higher VIP subscriptions
The latest: Chinese beauty app Meitu Inc. (1357.HK) announced on Monday it recorded a net profit of 228 million yuan ($31.3 million) in the first half of 2023, reversing a net loss of 266…
Thrifty Tencent Music sings new AI growth story
China’s leading online music platform disappointed investors with its latest results that show its revenue flatlined in the fourth quarter amid growing competition Key Takeaways: Tencent Music’s revenue fell slightly…
FAST NEWS: SenseTime’s loss balloons amid customer churn
The latest: Artificial intelligence (AI) company SenseTime Group Inc. (0020.HK) said its revenue fell 19% to 3.81 billion yuan ($553 million) last year, while its non-GAAP net loss soared 234% to 4.74…
