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A report released by two Chinese game industry institutions on July 21 showed that from January to June, the actual sales revenue of China's game market was 147.789 billion yuan ($21.84 billion), down 1.80% year-on-year, the first annual decline in recent years.
Hong Kong media reported on Monday that Chinese gaming giant NetEase’s music streaming arm NetEase Cloud Music would pass its listing hearing as soon as this week, eyeing raising about $1 billion. Its co-sponsors are Merrill Lynch, CICC and Credit Suisse. The music platform declined to comment on the news.
Bilibili Inc. on Wednesday announced that its net revenues in the second quarter of 2020 increased by 70% year on year to 2.61 billion ($370.5 million), surpassing the 2.55 billion yuan estimate average.
Beijing-based tech giant Xiaomi released on Thursday its unaudited consolidated results for the three months ended March 31, 2022.
Anta Sports Products Limited, a prominent sportswear company in China, increased its overall revenue in the first half of the year by 13.8% to 25.97 billion yuan ($3.79 billion), higher than Nike China's $3.7 billion in the same reporting period.
SMIC, a prominent Chinese semiconductor foundry company, released its financial report for the first quarter. The company reported an operating revenue of 10.209 billion yuan ($1.47 billion), which is a decrease of 13.9% compared to the previous year's figures.
PUBG MOBILE, along with Peacekeeper Elite (The Chinese version), has made over $3B USD in lifetime revenues, according to a report by Sensor Tower.
Meituan, China’s leading e-commerce platform for services, saw its revenues increase by 16.4% to 50.9 billion yuan ($7.42 billion) in the second quarter of the year, according to its financial report released on August 26.
Chinese social media and entertainment site Joyy Inc. rejected allegations of fraud by Muddy Waters Research, saying the report it published was full of “misinformation, erroneous statements and misleading conclusions.”
Users spent approximately $2.3 billion last year on ByteDance's popular video-sharing app TikTok, according to data published on January 13 by Sensor Tower.
A video creator on Bilibili, with 10.26 million followers, recently revealed his financial challenges on the Chinese video site. This comes after several popular creators announced a pause in updating their channels.
Baidu has released their Q4 2017 financial report and unaudited 2017 annual financial report. In Q4, Baidu earned RMB 23.6 billion ($3.62 billion), up 29 percen...