05:12 AM EDT, 08/20/2025 (MT Newswires) -- CMB.TECH ( CMBT ) said Wednesday it has completed its stock-for-stock merger with Golden Ocean Group ( GOGL ) , with CMB.TECH Bermuda becoming the surviving entity. Golden Ocean ( GOGL ) shareholders approved the deal with more than 92% support at a special meeting, the company said. The company issued nearly 96...

Overview * iQIYI Q2 revenue falls 11% yr/yr to RMB6.63 bln ($925.3 mln) * Company reports operating loss of RMB46.2 mln, reversing last year's profit * Net loss attributable to iQIYI is RMB133.7 mln, compared to net income last year Result Drivers * LIGHTER CONTENT SLATE - Membership services revenue fell 9% yr/yr due to a lighter content slate, according...

05:25 AM EDT, 08/20/2025 (MT Newswires) -- IQIYI ( IQ ) reported Q2 non-GAAP earnings Wednesday of 0.02 Chinese renminbi ($0.003) per diluted American depositary share, down from 0.25 renminbi a year earlier. Analysts surveyed by FactSet expected a loss of 0.04 renminbi. Revenue for the quarter ended June 30 was 6.63 billion renminbi, down from 7.44 billion renminbi a...

(Reuters) -Chinese search engine giant Baidu's ( BIDU ) quarterly revenue fell and was just shy of market estimates on Wednesday, signaling persistent weakness in the advertising market amid prolonged economic uncertainty. U.S.-listed shares of the company fell about 2% in premarket trading. Slammed by a property market downturn, weak employment rates and choppy consumer demand, companies in the world's...