The Digital Source For China's Tech Innovation Since 2000

Search
Close this search box.

Roblox stock drops after pulling down China app for retooling

January 8, 2022
Source: leakherald.com leakherald.com
News Snapshot:
Roblox Corp. shares dropped Friday following a report that the social-gaming company’s app in China will be unavailable for an undetermined period after being shut down in December. Roblox RBLX, shares fell as much as 7% in Friday trading and were last down 5% at $84.59. Shares are more than 80% higher than the $45 reference price established when the company went public in March, but nearly 40% lower than their peak close of $134.72 in mid-November. Back in December, Roblox pulled its app for a service separate from Roblox for the Chinese market called “LuoBuLesi,” in partnership with Tencent...
Go To Original Source →
Tags: app | capital | China | Chinese | data | environment | game | gaming | IT | joint venture | news | online game | partnership | report | Reuters | service | shares | stock | Tencent | user

Other Related News:

‘It's never been more urgent to eliminate nuclear weapons’

September 26, 2023

Who owns your face?

September 26, 2023

China, Nepal sign 12 agreements during PM Prachanda's visit to Beijing

September 26, 2023

China-Pak Honeymoon Over? Beijing Refuses to Expand Cooperation on Energy, Water, Climate: Reports

September 26, 2023

Changing Tides: Samsung Electronics plans to start making laptops in India from next month

September 26, 2023

Asian shares dip with eyes on China economy, US shutdown

September 26, 2023

FOCUS-China's e-commerce discount race to the bottom puts incumbents under pressure

September 26, 2023

Today’s Top News Headlines and Latest News at 10:30 am on 26 September 2023

September 26, 2023

U.S. futures dip, Moody's flags government shutdown impact

September 26, 2023
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2023 ChinaTechNews.com. A Service of Asia Media Network.
Twitter