COVID-19 Archives - Page 6 of 10

Qutoutiao Q1 Revenue Grows, Ads Contributes the Most Thanks to COVID-19

Chinese mobile content platform Qutoutiao (lit. fun headlines) reported revenue of 1.41 billion yuan, up 26.2% from the previous year in its Q1 2020 earnings report released on Thursday.

Dating App Momo Revenue Shrinks Due to Lower Paying User Numbers, Net Income Rises

Dating and social networking platform Momo saw shrinking revenues and decreasing numbers of paying users in the first quarter.

Hangzhou Faces Backlash From Chinese Netizens Over Permanent Health Code Plan

The suggestion mainly revolves around enforcing the use of the health tracking app introduced in the city several months ago even after the pandemic is over.

Vipshop Q1 Revenue Drops Amid COVID-19 Pandemic but Still Beats Estimates

Chinese online retailer Vipshop reported sliding revenues and profit in the first quarter of 2020 as the COVID-19 pandemic disrupts logistic services and supply chains.

Meituan’s Q1 2020 Performance Considerably Hampered by COVID-19

Meituan Dianping's revenue in the first quarter was 16.75 billion yuan, a year-on-year decrease of 12.6%.

COVID-19 Grounds Tourists, Forcing Travel Companies to Think Outside the Box

Chinese are the largest tourist demographic on earth, and as China and many other countries keep their borders closed, companies servicing this massive body of travelers are experiencing enormous losses.

Pinduoduo Posts Revenue Growth in Q1, Shows Support for Small Merchants During COVID-19

Chinese e-commerce company Pinduoduo has reported a total revenue reaching 6.54 billion yuan in the first quarter of 2020, and supports small and medium-sized business during COVID-19.

Overseas Livestreaming Drives Huya Parent JOYY’s First Quarter Revenue Growth

Video-based social media platform JOYY reported strong growth in the first quarter of 2020 as the company further pushes its overseas live-streaming apps.

COVID-19 Takes a Toll on China’s Beer Industry, but There Is Still Hope

On May 7, Budweiser Asia Pacific announced its unaudited Q1 2020 financial results. The company’s revenue in Q1 fell by 39%, while its revenue in the Chinese market fell by as much as 45.4%.

Chinese Smartphone Brands Pushing to Stay Afloat as India Goes into Lockdown

On March 24, Indian Prime Minister Narendra Modi announced a 21-day lockdown to curb the spread of the COVID-19 epidemic that officially started on April 25.

Tencent Q1 Revenue Boosted By Gaming Business Despite COVID-19 Lockdowns

Tencent Holdings reported on Wednesday a 26% year-on-year increase in its revenue for the first quarter of 2020 with its video games business generating more than a third of its revenue.

‘PUBG Mobile’ Overseas Revenue Reaches New High as COVID-19 Lockdown Continues

Tencent’s battle royale game PUBG Mobile recorded its best month yet in terms of overseas revenue, as lockdown orders continue to be enforced in many countries.

Shanghai Disneyland Reopens at 20% Capacity,Requiring Compulsory Facial Masks and Social Distancing

The Shanghai Disneyland Resort has reopened on May 11 after having been shut down for more than three months to prevent the spread of COVID-19. This is Disney’s first theme park to resume operations around the world.

ChinaJoy to be Held on Schedule in Shanghai in August

ChinaJoy, one of the largest annual digital entertainment and gaming expos in Asia, will be held offline on schedule in Shanghai from July 31 to Aug. 3.

Chinese Video Game Companies Saw Strong Revenue Increases in April

Chinese gaming companies recorded robust revenue growth on mobile platforms in April, as major players in the field roll out content updates for their existing games and launch new titles.

China’s Video Streamers Issue Appeal Letter Urging for Self-Preservation as the Industry Hardest Hit by COVID-19

A group of nine film and television companies issued an appeal letter calling for solidarity and self-preservation on May 7, in an attempt to restore confidence in the industry.

Tesla’s Shanghai Factory Temporarily Halted as Overseas Supply Chain Disrupted by COVID-19

Tesla's Shanghai factory struggled to resume operations at full capacity on May 6 as planned after the five-day national holiday, and the standstill will likely last until May 9.

U.S. to Set Rules for Huawei’s Cooperation with U.S. Companies on 5G

U.S regulators are working to establish new rules that will clarify how domestic companies could cooperate with Huawei in developing 5G standards.

Airbnb China to Lay Off Employees As 25% Workforce Cut Globally

American tourism experiences platform Airbnb is laying off about 25% of its workforce as the COVID-19 pandemic halts the travel industry and threatens the company's core business.

Chinese Mobile Games Perform Strongly in the US Market in Q1 2020

Mobile games created by Chinese developers continued gaining ground in the US market in the first quarter of 2020, with 19 titles making it to the top 100 highest-grossing list.

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