Xiaohongshu to file confidentially for Hong Kong IPO this month
Lifestyle platform Xiaohongshu, also known as RedNote, is preparing to confidentially file for a Hong Kong listing by the end of this month, with an aim to completing the IPO…
BRIEF: Weibo ad revenue grows, as adjusted profit falls 23%
Social media platform Weibo Corp. (9898.HK; WB.US) reported on Thursday that its revenue rose 6% year-on-year to $421 million in the first quarter, as advertising and marketing revenue increased 9%…
RedNote separates its China business, while Texas Chicken plots a massive China entry
The social media sensation RedNote is taking steps to separate its China business from its global operations.
BRIEF: Newborn Town’s revenue rises more than 30% in first quarter
Social media platform operator Newborn Town Inc. (9911.HK) said on Wednesday its revenue rose more than 30% in the first quarter, fueled by its continued global expansion and the application…
Yalla beefs up Saudi presence with new partnership, regional office
The Middle Eastern social media and gaming firm announced the move as it said it expects to start generating revenue from its new gaming initiative in the second half of…
BRIEF: AI drives Newborn Town’s profit，revenue growth
Social media operator Newborn Town Inc. (9911.HK) said on Wednesday it expects to report revenue of 6.76 billion yuan ($980 million) to 7 billion yuan for 2025, up 32.8% to 37.5%…
NEWS WRAP: TikTok strikes deal to spin off U.S. business, ending standoff
The popular short video app owned by ByteDance has signed an agreement to sell its U.S. business to a U.S.-led group including software giant Oracle By Lee Shih Ta…
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