Hello Group Soars as Investors Snap Up Stock on China Covid Easing
Shares of company often called the ‘Tinder of China’ surged nearly 30% in heavy trading after it reported results largely in line with recent trendsKey Takeaways:Hello Group’s stock jumped nearly…
Shrinking Hello Group Targets Tantan Breakeven in 2023
Social media app operator, often called the ‘Tinder of China,’ saw its revenue drop 15% in the second quarter, and forecast a similar decline in the third Key Takeaways: Hello…
FAST NEWS: Newborn Town Forecasts Big Adjusted Profit Jump, But Investors Unimpressed
The latest: Social networking platform operator Newborn Town Inc. (9911.HK) said on Tuesday morning it expects to report an adjusted net profit of about 300 million yuan ($48.2 million) to…
Dating App Hello Group Gets Spurned by Investors as Rivals Swarm
Company’s strategic shift to customer retention from monetization knocks quarterly revenues lower as competition intensifies Key takeaways: Shares in Hello Group sank to a five-year low after release of its…
Dating App Momo Seeks Image Makeover With Name Change
Adoption of new Hello Group name comes as U.S.-listed Chinese shares get pressured by ominous signals from Beijing Key points: Momo’s name change to Hello Group may reflect a change…
Dating App Momo Looks for Excitement With Tantan Overhaul
CEO says the laggard app it purchased in 2018 has potential for strong growth following the recent departure of its founder Key Points: Momo believes its underperforming Tantan app could…
IPO-Bound Soulgate Sells Itself as Service for the Lonely, Not Lusty
Operator of the app called Soul says it’s seeking internet natives who ‘experience the loneliness technologies bring’ Key takeaways: Soul’s no real-names and no-pictures policy may help it stand out…
