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Real-time News
On May 28th, Weibo (09898.HK) announced its Q1 2026 results. Net revenue for Q1 totaled US$421 million, a 6% increase from US$397 million in the same period last year. Advertising and marketing revenue for Q1 was US$369 million, a 9% increase year-over-year; advertising and marketing revenue (excluding advertising revenue from Alibaba) was US$327 million, a 10% increase year-over-year. Advertising and marketing revenue from Alibaba was US$43.3 million, a 2% increase year-over-year. Value-added services revenue for Q1 was US$51.6 million, an 11% decrease year-over-year, primarily due to reduced revenue contribution from game-related businesses. Monthly active users in March 2026 reached 562 million, and daily active users in March 2026 reached 254 million. As of March 31, 2026, Weibos total cash, cash equivalents, and short-term investments amounted to US$2.59 billion. Cash generated from operating activities in the first quarter of 2026 was US$164 million, total capital expenditures were US$11.9 million, and depreciation and amortization expenses were US$15.5 million.On May 28, the General Staff of the Ukrainian Armed Forces announced that Ukrainian troops had attacked the Tuapse oil refinery in Russias Krasnodar Krai. A statement from the General Staff said the attack occurred on the night of May 27. The refinery experienced fire and heavy smoke, and the extent of the damage is being assessed. The Tuapse refinery is one of the largest oil refining enterprises in southern Russia, with an annual refining capacity of approximately 12 million tons.May 28th - More than half of Venezuelans support dollarizing the economy to curb one of the worlds fastest inflation rates. An AtlasIntel survey shows that 31% of respondents support dollarization, while another 26% strongly support the measure. In contrast, those who oppose or strongly oppose it total 30%. According to data from the Venezuelan central bank, the countrys annual consumer price index surged to around 600% in April, up from 475% in December. This hyperinflation has placed a heavy burden on Venezuelans amid a weak job market and low wages. Although Venezuela and the United States have joined forces to try to reopen the economy and attract foreign investment, public confidence and sentiment continue to deteriorate. The survey results show that approximately 79% of respondents considered the economic situation in May to be "bad," an increase of two percentage points from the previous month.Russian Ministry of Defense: Russian troops have established control over Novovasilevka in the Kharkiv region.On May 28th, XPeng Group released its first quarter 2026 results. In April 2026, total deliveries reached 31,011 vehicles; as of April 30, 2026, cumulative deliveries for the year reached 93,693 vehicles.
