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…
livestreaming games

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,…
Weibo is a social media app

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…
livestreaming games

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…