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Sogou Announces First Quarter 2021 Results


Sogou Announces First Quarter 2021 Results
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BEIJING, May 14, 2021 /PRNewswire/ Sogou Inc. (NYSE: SOGO) ( Sogou or the Company ), an innovator in search and a leader in China s internet industry, today announced its unaudited financial results for the first quarter, ended March 31, 2021.
First Quarter 2021 Financial Results
Total revenues
[1]were $137.2 million, a 47% decrease year-over-year. The decrease was primarily driven by uncertainties with respect to Sogou s business policies among certain advertisers as a result of the previously-announced proposal by Tencent Holdings Limited ( Tencent ) to take Sogou private, as well as reduced traffic acquisition activity.
Search and search-related revenues were $127.8 million, a 46% decrease year-over-year. Auction-based pay-for-click services decreased year-over-year, accounting for 83.8% of search and search-related revenues, compared to 91.0% i ....

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Weimob : Annual Report 2020 | MarketScreener


CHAIRMAN S STATEMENT
Dear Shareholders,
I would like to thank all Shareholders of Weimob Inc. for their firm trust and support in 2020. 2020 was a year full of challenges and opportunities for the Company. Amid the global economic shock of the COVID-19 epidemic, we swung for the fences and seized the opportunities brought by the epidemic to develop online digital economy, and provided a digital business operating system for customers to facilitate their digital operations. By formulating the Group s strategy of moving up-market (「大客化」), ecosystem build-up (「生態化」) and globalization (「國際化」), we achieved rapid growth against the trend in spite of the impact of the epidemic in our two core businesses, Digital Commerce and Digital Media. ....

Hong Mei , United States , Wan Chai , Hong Kong General , Hong Kong , New Zealand , British Virgin Islands , Cayman Islands , Zhang Miao , Lei Ming , Grand Cayman , Fang Tongshu , Li Xufu , Sun Tao Yong , Chan Chiu Kong , Huang Junwei , Bull Capital Partners Hong Kong , Hong Kong Companies Ordinance , Deepwater Capital , Waitan Branch , Shanghai Weimob Enterprise Co Ltd , Shanghai International Studies University , Shanghai Normal University , Tencent Holdings , China Chain Store Franchise Association , Wechat Mini Program ,

Concerns rise over Chinese investors


Concerns rise over Chinese investors
Posted : 2021-04-05 16:37
By Kim Jae-heun
Concerns are growing over TV series produced by local entertainment companies whose large shareholders are Chinese firms, after the YG Entertainment-produced Joseon Exorcist went off the air for distorting Korean history.
The supernatural history-based drama, Joseon Exorcist, was co-produced by YG Studioplex, Crave Works and Lotte Cultureworks. YG Studioplex is a TV production company jointly established by YG Entertainment and Barami Bunda in April 2017, though the entertainment agency owns 99.09 percent of the production firm s shares.
What is causing the controversy is that two Chinese firms, Shanghai Fengying Business Consultant Partnership and Tencent Mobility, are the two largest shareholders in YG Entertainment after its founder Yang Hyun-suk, and they could have played an influence in the direction of the drama to favor a Chinese perspective of history. ....

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