Founded in 2009, Newborn Town operates multiple social platforms combining entertainment elements such as dating, group voice chats, livestreaming and short video.

FAST NEWS: Newborn Town’s core businesses shine

The Latest: Social networking platform operator Newborn Town Inc. (9911.HK) said Thursday it expects to report that revenue from its social networking business reached between 2.055 billion yuan ($283 million) and 2.085 billion…
Bilibili is a popular livestreaming platform, but has been unable to shake off its chronic losses since its 2018 IPO.

FAST NEWS: Goldman Sachs takes up Bilibili stake

The Latest: U.S. banking giant Goldman Sachs purchased about 2.54 million Hong Kong-listed shares of Bilibili Inc. (BILI.US; 9626.HK) on Jul. 1, raising its stake in the video-sharing platform from…