Yalla sees ‘inflection point’ next year as new gaming initiative takes flight
After a year of preparations, the Middle Eastern social media company launched its first self-developed midcore game during the third quarter Key Takeaways: Yalla kept its revenue growth streak alive…
Yalla kicks off new chapter with new midcore games
The Middle Eastern social media and gaming company plans to launch its first two midcore games this quarter, with another self-developed ‘roguelike game’ to follow Key Takeaways: Yalla revealed it…
BRIEF: Newborn Town net profit doubles in first half of 2025
Social media operator Newborn Town Inc. (9911.HK) announced on Wednesday that it expects to report revenue for the first half of this year between 3.14 billion yuan ($436 million) and…
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…