BUZZ-China Literature drops most in 10 months on wider loss outlook

Reuters

02/11

BUZZ-<a href="https://laohu8.com/S/CHLLF">China Literature</a> drops most in 10 months on wider loss outlook

** Shares of China Literature 0772.HK drop 8.2% to HK$40, on track for the biggest one-day pct fall since April 7, 2025

** Stock on course to snap two straight sessions of gain

** Chinese online literature and intellectual property incubation platform expects to record loss of 750-850 mln yuan ($108.5-$123.0 ml) for 2025, as compared to 209 mln yuan loss in 2024

** Loss is mainly due to impairment of goodwill of about 1.8 bln yuan arising from the acquisition of New Classics Media in 2018

** YTD, stock up 22.8%, while Hang Seng TECH Index .HSTECH down 0.1%

($1 = 6.9107 Chinese yuan renminbi)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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Media in 2018 </p><p>** YTD, stock up 22.8%, while <a href=\"https://laohu8.com/S/HSNGF\">Hang Seng</a> TECH Index <span>.HSTECH</span> down 0.1%</p><p>($1 = 6.9107 Chinese yuan renminbi)</p><p>(Reporting by Donny Kwok)</p><p>((donny.kwok@thomsonreuters.com))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-China Literature drops most in 10 months on wider loss outlook</title>\n<style 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13:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-<a href=\"https://laohu8.com/S/CHLLF\">China Literature</a> drops most in 10 months on wider loss outlook</title></head><body><p>** Shares of <a href=\"https://laohu8.com/S/CHLLY\">China Literature</a> <span>0772.HK</span> drop 8.2% to HK$40, on track for the biggest one-day pct fall since April 7, 2025</p><p>** Stock on course to snap two straight sessions of gain</p><p>** Chinese online literature and intellectual property incubation platform <span>expects to record loss</span> of 750-850 mln yuan ($108.5-$123.0 ml) for 2025, as compared to 209 mln yuan loss in 2024</p><p>** Loss is mainly due to impairment of goodwill of about 1.8 bln yuan arising from the acquisition of New Classics Media in 2018 </p><p>** YTD, stock up 22.8%, while <a href=\"https://laohu8.com/S/HSNGF\">Hang Seng</a> TECH Index <span>.HSTECH</span> down 0.1%</p><p>($1 = 6.9107 Chinese yuan renminbi)</p><p>(Reporting by Donny Kwok)</p><p>((donny.kwok@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B0169L03.USD","symbol_name":"FSSA ASIA FOCUS FUND \"I\" (USD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260211:nL1N3Z7057:1","article_id":"2610607655","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2610607655","pubTimestamp":1770786319,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-China Literature drops most in 10 months on wider loss 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