Key Takeaways:
DouYu’s revenues fell by around 22% in the second quarter, but the company broke a six-season losing streak with an adjusted net profit of 23.50 million yuan
Huya’s revenue tumbled 23% in the same period, and it barely eked out an adjusted net profit after slashing costs
By Ken Lo
Key Takeaways:
Miniso’s shares are down 17% since it was accused of mislabeling a Chinese-clothed doll as Japanese, and more broadly of trying to hide its Chinese roots
The attack represents a relatively unique risk faced by both foreign and domestic companies doing business in China
By Doug Young