Entertainment

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 has reportedly secured deals with two big Indian music labels.

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.

Will the local authorities seek to block it this time?