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Financials / Deals

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Sohu rumored to be going private

Sohu.com (NASDAQ: SOHU) online gaming subsidiary Changyou.com (NASDAQ: CYOU) has issued a $503 U.S. million special dividend, $337 million U.S. of which will go to Sohu, triggering rumors that the company founder Charles Zhang may be looking to take the company public...

Proto Corp.’s annual profit jumps fivefold

Automotive-focused Proto Corporation’s net income increased 508.4 percent year-over-year for the fiscal year ended Mar. 2019. This was mainly due to gains from the transfer of some businesses and the sale of fixed assets, according to its latest financials. Japanese...

KyuJinBox’s Q4 revenue climbs 617.1%

Japanese recruitment vertical KyuJinBox saw a 617.1 percent year-on-year growth in revenue during the fourth quarter ended Mar. 31. This was mainly due to growth in monthly users. Tokyo-headquartered online buying support service KakaKu.com (TSE: 2371) operates...

Crowd Works slashes H1 loss to $359,964

Leading Japanese crowdsourcing company Crowd Works managed to slash its losses to Y39.6 million ($359,964 U.S.) in the first half of the financial year. That’s from losses of Y56.9 million ($517,164 U.S.) last year as the group’s sales continued to increase, according...