Stephen Chow's Bigo Group Sells All Equity in Mainland Cinema Business for 1 Hong Kong Dollar
Bigo Group, controlled by Stephen Chow, issued an announcement selling all equity in its mainland cinema business for 1 Hong Kong dollar; its Hangzhou Bigo cinema has already closed due to lease expiration, with revenue of 2.25 million yuan and a loss of 1.2 million yuan last year, and the company's overall debt at 8.6 million yuan.