YY News and Press, JOYY Inc. From 11/05/21

SINGAPORE, Nov. 05, 2021 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company”, formerly known as YY Inc.), a global video-based social media company, today announced that it plans to release its third quarter 2021 financial results after the U.S. m...

Joyy Inc. (NASDAQ:YY) fell 4% in premarket trading after Goldman Sachs double downgraded the Chinese live streaming company to sell from buy. The company's BIGO Live growth rate is expected to fall "sharply" into low "double digits" starting 3Q21E, according to a Goldman note. The BIGO Live s...

Chinese Internet companies such as Alibaba (NYSE:BABA), Weibo (NASDAQ:WB) and JD.com (NASDAQ:JD) watched their shares retreat Friday as the chief executive of Citigroup said that the Chinese economy needs to be viewed with a bit of "caution" for the time being. Citi (NYSE:C) CEO Jane Fraser s...

Crestwood Equity (NYSE:CEQP): Q3 GAAP EPS of -$1.03 misses by $1.11. Revenue of $1.22B (+135.0% Y/Y) beats by $314.79M. Press Release Adjusted EBITDA of $139.9 million, +3% (NASDAQ:YY) Distributable cash flow to common unitholders of $85.8 million For further details see: Crestwood Equi...

Last November, Baidu (NASDAQ: BIDU) , the Chinese tech giant that owns the country's top search engine, agreed to buy JOYY 's (NASDAQ: YY) Chinese live streaming platform, YY Live, for $3.6 billion. That acquisition would have diversified Baidu's business beyond its core...

The risks to the economy from a potential collapse in Evergrande are overstated. The purported impact on Chinese Internet stocks is specious. Chinese e-commerce platforms could benefit from the mitigation efforts by the government in the 'rescue' of Evergrande and the boosting of reta...

Earnings news, IPOs and more regulation from the Chinese government provided the main themes of midday trading on Friday. This included an intraday gain from Carnival (NYSE:CCL), which rallied on signs that its cruise business is coming back following the pandemic lockdowns. Meanwhile, a pair...

China's top antitrust regulator is reportedly leaning toward voting against Internet search giant Baidu's (NASDAQ:BIDU) $3.6 billion deal to acquire JOYY's (NASDAQ:YY) domestic video streaming business. According to Reuters, the State Administration for Market Regulation [SAMR] is unlikely to...

Onconova Therapeutics (NASDAQ:ONTX) -15% on capital raise. MEDIROM Healthcare Technologies (NASDAQ:MRM) -12%. Kintara Therapeutics (NASDAQ:KTRA) -12% on capital raise. Cellect Biotechnology (NASDAQ:APOP) -11%. InnSuites Hospitality Trust (NYSE:IHT) -11%. Arqit Quantum (NAS...

In the case of a hostile takeover, minority shareholders will one way or another lose money. The case of Sina Corp. is of particular interest, because it can educate us on how bad things can play out for retail investors. Privatizations are more likely if: (a) Controlling voting p...