BRIEF: Jihong surges in Hong Kong trading debut
Shares of cross-border social e-commerce and paper packaging company Xiamen Jihong Co. Ltd. (2603.HK, 002803.SZ) soared in their Hong Kong trading debut on Tuesday, opening 43% higher and continuing to rise…
Yalla rallies on share buyback, hopes for upcoming midcore game
The Middle Eastern social media and gaming company announced it will launch a highly anticipated self-developed midcore game in the third quarter Key Takeaways: Yalla reported its revenue rose 6.5%…
BRIEF: Weibo profit doubles as AI search gains traction
Social media platform Weibo Corp. (WB.US; 9898.HK) on Wednesday reported first-quarter revenue of $396.9 million, flat year-on-year, while its net profit surged 116% to $107 million. On a non-GAAP basis,…
Stagnating Weibo at existential moment
One of China’s earliest social media companies said most of its major metrics were flat in its latest quarterly report, as it remains reliant on advertising for 85% of its…
Yalla revenue growth returns to double-digits ahead of new gaming push
The Middle Eastern social media company reported its strongest revenue growth in two years as it prepares to launch two new self-developed games later this year Key Takeaways: Yalla’s revenue…
BRIEF: Newborn Town’s revenue jumps on acquisitions
Developing markets social media operator Newborn Town Inc. (9911.HK) said on Tuesday its revenue rose more than 50% last year, as it consolidated two recent acquisitions into its results for…
BRIEF: Olympics provides lift to Weibo’s profit
Social media platform Weibo Corp. (WB.US; 9898.HK) announced on Tuesday its revenue rose 5% to $464.5 million year-on-year in third-quarter. It credited the growth to strong ad revenues from certain key…
