China Literature Announces 2021 Annual Results
China Literature Limited, a leading online literature and intellectual property (“IP”) incubation platform in China, today announced the audited consolidated results for the year ended December 31, 2021. Total revenues increased 1.7% year-over-year to RMB8,668.2 million (USD1,359.6 million). Read more PR Newswire
Tencent Music Social Entertainment Services Slump Overshadows Upbeat Quarter
China’s Tencent Music will pursue a secondary listing of its shares on the Hong Kong Stock Exchange, the company said on Monday, after reporting a 15% fall in revenue at its mainstay social entertainment services business. While most of Tencent Music users are in its music streaming unit, social entertainment services including karaoke platforms where people can live stream concerts and shows are its biggest revenue drivers. Read more Reuters
