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Counting out the gains from investments, profits were lower than in the same period last year.
Mafengwo also sells travel-related merchandise on its platform, and hosts editorial content geared toward China’s domestic and outbound travelers.
The company’s share price has dived more than 60% in the past three months.
Huya’s monthly active users also grew by 33.3%
Its offerings are rooted in animation, comics, and games.
10.8 million people now pay Tencent Music for such services.
Two-thirds of Chinese readers are willing to pay for their digital content.
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