Tag: newborn
Newborn Town Announces 2023 Annual Results with a YoY Increase of Nearly 300% in Profit
HONG KONG, Mar 22, 2024 – (ACN Newswire) – Newborn Town (“Newborn Town”; 9911. HK), one of the frontrunners of the global social networking and entertainment industry, announced its 2023 annual results on March 21st. The company’s revenue increased solidly in 2023, reaching RMB3,308 million with an 18% YoY increase. The revenue of the social networking business reached RMB2,972 million, while the revenue of the innovative business was RMB336 million. According to the announcement, Newborn Town’s high-quality growth strategy has continued in 2023. The company’s net profit increased by 165% YoY to RMB761 million. The profit attributable to equity shareholders of ... Read more