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China’s Wanda Movie Warns of Return to Losses in First Half
Wanda Movie, China’s largest cinema operator, has forecast a return to heavy losses for the primary half of 2022. In a regulatory submitting, the corporate warned of web losses (together with non-recurring gadgets) reaching between RMB 580 million – RMB 660 million ($85 million – $97.8 million) for the six months to June. That compares with a web revenue of RMB613 million $90.8 million within the equal interval final yr. Learn extra Selection
Tencent to Shut Down NFT Platform Huanhe Solely A Yr after Launching
The Chinese language tech, video video games and publishing big Tencent continues to face issues at house. The Large Tech agency determined to close down its NFT market referred to as “Huanhe” solely a couple of yr after launching it. This isn’t the primary time the Chinese language gaming big needed to shut a platform in Q2 2022. Learn extra Mobidictum
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