[Juguan 365] News on August 26
Celadon Games’ revenue in the first half of the year was 334 million yuan
Ruqi travel hits IPO
Sony Interactive Entertainment to Acquire Audeze
Kunlun Wanwei's net profit in the first half of the year was 360 million yuan
T-Mobile plans to cut 5,000 jobs in the next five weeks
Celadon Games’ revenue in the first half of the year was 334 million yuan
Celadon Games released its interim results as of June 30, 2023. The financial report shows that Celadon Games recorded revenue of 334 million yuan in the first half of the year, a year-on-year increase of 25%; the profit attributable to the company's equity holders was 41.482 million yuan, a year-on-year loss.
As of June 30, 2023, Celadon Games has accumulated more than 82.36 million registered players, a year-on-year increase of 8.14%; the average number of monthly active users is about 1.8 million, and ARPPU reaches RMB 296.
During the reporting period, the game operation business of Celadon Games increased by 5.6% year-on-year to 237.9 million yuan. The increase in revenue from operations was partially offset by the decline in the revenue of "The Strongest Snail" in mainland China.
Game licensing revenue decreased by 24.5% year-on-year to RMB 11.3 million, mainly due to the decrease in game licensing revenue from "The Incredible Maze" in Mainland China and "The Strongest Snail" in Hong Kong, Macau and Taiwan.
Ruqi travel hits IPO
A few days ago, according to the disclosure of the Hong Kong Stock Exchange, the travel technology and service company "Ruqi Travel" officially submitted a listing application to the main board of the Hong Kong Stock Exchange.
Although most of the online car-hailing players are not young, Ruqi Travel can still be called "born with a golden spoon in its mouth". In 2019, Tencent and Guangzhou Automobile Group jointly initiated the establishment of Ruqi Mobility. In the early days, the two companies cooperated based on the division of labor based on their expertise. The OEM GAC Group was responsible for providing vehicles and drivers, and the Internet manufacturer Tencent provided system solutions from underlying maps to trading software.
In the past few years, Ruqi Travel has grown rapidly. On the one hand, in terms of revenue scale, the revenue of Ruqi Travel in the three years from 2020 to 2022 will increase from 404 million yuan to 1.368 billion yuan, with a compound annual growth rate of 84%; After completing the A round of financing exceeding 1 billion yuan in April, it completed the B round of financing in August this year, and then hit the IPO. The whole process did not exceed 500 days.
Starting in 2019, while adhering to the self-operated model, Ruqi Travel is not in a hurry to spread the plate, but chooses to occupy the stock market through refined operation and service management and control system. At present, the number of registered users of the Ruqi travel platform is 21.6 million, ranking second in the entire Greater Bay Area.
Sony Interactive Entertainment to Acquire Audeze
According to foreign media reports, on Thursday, Sony Interactive Entertainment LLC (Sony Interactive Entertainment LLC, referred to as SIE) announced that it has reached an acquisition agreement with high-end headset manufacturer Audeze.
The company said the acquisition will strengthen SIE's continued innovation in the PlayStation gaming audio experience. Following the acquisition, Audeze will continue to operate independently and develop products for multiple platforms.
While the financial terms of the deal were not disclosed, both companies expressed great enthusiasm for this symbiotic relationship that promises to elevate the audio experience for PlayStation gamers.
Founded on April 1, 2016, Audeze is headquartered in San Mateo, California, USA. It is a wholly-owned subsidiary of Sony Group responsible for PlayStation, and mainly produces a series of high-end headphones. Most recently, the company released the Maxwell Ultraviolet, a gaming headset designed for Xbox and PC.
Kunlun Wanwei's net profit in the first half of the year was 360 million yuan
Kunlun Wanwei released the 2023 semi-annual report. The report shows that Kunlun Wanwei achieved a total operating income of 2.43 billion yuan in the first half of the year, an increase of 8% year-on-year; net profit attributable to shareholders of listed companies was 360 million yuan, a year-on-year decrease of 44.31%; Shareholders' net profit after deducting non-recurring gains and losses was 310 million yuan, a year-on-year decrease of 55.15%.
Kunlun Wanwei is a Chinese Internet platform going overseas. In the first half of the year, the company's overseas business revenue reached 2.02 billion yuan, a year-on-year increase of 21%. Overseas business accounted for 83% of total revenue, a further increase of 9 percentage points year-on-year.
The main business of Kunlun Wanwei includes AGI and AIGC business segments, overseas information distribution and Metaverse business segments, and investment business segments.
The financial report shows that Kunlun Wanwei acquired Singularity AI at the end of the reporting period and integrated the original business to form Kunlun Skywork AI, the main body of the AGI and AIGC business segments. The large model of "Tiangong" has opened an invitation to internal testing.
T-Mobile plans to cut 5,000 jobs in the next five weeks
According to foreign media reports, on Thursday local time, T-Mobile announced that it plans to lay off 5,000 employees (about 7% of the total number of employees) in the next five weeks to cut expenses.
The cost of attracting and retaining customers is "significantly higher than in previous quarters," CEO Michael Sievert said in an email to employees.
In its latest quarterly earnings report released last month, T-Mobile announced a 2.5% year-on-year sales decline, a slight year-on-year decline in net new customers, and record low customer churn and profit growth.
The T-Mobile layoffs follow several companies including Google, Meta, Amazon and Microsoft that made large layoffs last year as they grapple with an uncertain economic environment. .
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