Zhihu to invest $223 million in AI fund
Online content community operator Zhihu Inc. (ZH.US; 2390.HK) said on Sunday it has agreed to invest 1.5 billion yuan ($223 million) in Tianjin Lisi Xingshen Equity Investment Partnership, a fund…
Yalla’s gaming push bears early fruit as new titles sweeten its revenue mix
The company’s game revenue rose 11.6% in the second quarter, as its new mid-and hardcore titles begin to supplement its flagship chat and casual gaming apps Key Takeaways Yalla reported…
Newborn Town leans on better monetization as user growth slows
The social media company’s revenue rose over 30% in the first half of the year, as it wrung more money from individual spenders in the face of decelerating user growth…
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…
