Tencent Wins Bigger Share of Game Revenue from Android App Stores

 /  Game  / 
Gaming giant Tencent has successfully negotiated a more favorable revenue split with a number of Chinese Android stores for its mobile titles, media outlet GameLook reported. Read More

Douyu doubles revenue and swings into profit in Q1

 /  Money  / 
Game live-streaming platform Douyu recorded surging revenue, net profit, and strong growth in paying users in the first quarter of 2019, according to updates the company made to its US Securities and Exchange Commission (SEC) filing. Read More

YY Raises $1 Billion in Convertible Note Offering as It Eyes Global Expansion

 /  Money  / 
Chinese live-streaming social media company YY on Monday announced that it has raised a total of $1 billion in a convertible senior notes offering, according to an announcement, as it seeks to fund expansion into overseas markets. Read More

Jia Yueting’s Le.com Shares Frozen Due to Unpaid Debts

 /  Money  / 
According to a recent notice posted to the Shenzhen Stock Exchange website, a Chinese court has ordered all of Jia’s Leshi shares to be frozen. In addition, 5 million shares that Jia pledged to Orient Securities have been released due to an unpaid debt. Read More

PandaTV Says It‘s Not Dead And Will File For An IPO This Year

 /  Money  / 
PandaTV, Chinese live streaming platform specializing in e-sports and other entertainment content, plans go public by the end of this year, Chief Operation Officer Zhang Juyuan told local media. Read More

Yizhibo Sold to Weibo as China’s Live Streaming Frenzy Cools Down

 /  Money  / 
The rumor of Weibo’s acquisition of its live streaming partner Yizhibo recorded further verification that Yizhibo’s business has been integrated into the Chinese Twitter-like platform. Read More

Tencent Music to File for US IPO Today

 /  Money  / 
Chinese streaming giant Tencent Music hopes to raise $2 billion at a valuation of up to $31 billion through its US-based IPO. The company has also formed a partnership with its international counterpart Spotify. Read More

Company behind QVOD Liquidates Assets While Former CEO Enters Blockchain

 /  Money  / 
Kuaibo Technology, the owner of once popular video player QVOD, is to liquidate its assets to pay for a long-existing debt to Shenzhen-based Geniatech, a PCTV and IT manufacturer. Read More

Chinese Livestreamer Inke Passes Listing Hearing

 /  Money  / 
Livestreaming platform Inke Ltd., which filed for a Hong Kong initial public offering in March, has passed its listing hearing and will start selling shares to international investors on Wednesday. Read More

Douyin Rival Acquires Anime And Video Sharing Platform Acfun

 /  Money  / 
Douyin rival, short video sharing and live streaming platform Kuaishou (快手), has 100% acquired Acfun (A站), a platform for ACG (anime, comics, and gaming) fans. Read More