Summary by Moomoo AI
Newborntown Technology Co., Ltd. ("the Company") announced its unaudited operational data for the six months ended June 30, 2024 on July 25, 2024. The report shows that the cumulative download volume of the Company's social business was about 690 million, an increase of approximately 5.9% from the previous quarter. During the same period, the average monthly active users of the social business slightly increased to about 28.554 million, and the total revenue is expected to be about RMB 205.5 million to RMB 208.5 million, a year-on-year increase of about 65.3% to 67.7%. This growth is mainly due to the rapid growth of diversified social products and the acquisition of Chizicheng Strategy Investment completed in the third quarter of 2023. In terms of innovative business, the expected revenue is about...Show More