Shares of gaming merchandise retailer GameStop reached record highs on Monday due to a crush on short-sellers. The company's stocks skyrocketed by 130% with shares hitting a value of $100 by mid-session on Monday.
This unparalleled surge emerged as the result of a massive short squeeze on the stock, whereby...
After weeks of deliberation, the U.S. government ultimately decided against imposing an investment ban on Alibaba Group Holding Ltd. and Tencent Holdings Ltd. This move was initially triggered by a government decision to deter American citizens from investing in companies with ties to the Chinese military.
While initially backed by...
In an attempt to tap into a gaming market worth more than $11 billion, Huya Inc. has agreed to purchase DouYu International Holdings Ltd. in an all-share deal.
The company officially announced on Monday that investors were offered 0.73 American depositary shares of Huya per each Douyu share. As a...