China Game Live Streaming Platforms Huya and Douyu Respond to Layoff Rumors
According to some Chinese media outlets that quote anonymous sources, Huya and Douyu, leading game livestreaming platforms in China, are implementing internal layoffs. According to the sources, Huya’s overseas business – Nimo TV intends to cease operations in regions like Brazil and some other areas, which will result in layoffs of employees. Douyu is reported to cut 30 percent of its employees that mainly focus on game business development and streamer agents. Both companies have responded to relevant news. Read more Pan Daily
China’s Box Office Plunges Amid Covid-19, Films Delayed for May Day Holiday
The Chinese movie market saw a continuous drop in box office since the Qingming Festival holiday (April 3-5) as the country battles the ongoing COVID-19 resurgence. Last week, the Chinese mainland saw a total of 83 million yuan ($13 million) in box office revenue, a decrease of 13.9 percent from the previous week, according to the movie ticketing platform Maoyan. Read more CGTN
