ACN Newswire
Read More

Apps like Tinder are changing from dating tools to party places as more people enjoy the single life

indie
6 minutes

HONG KONG, Jan 22, 2023 - (ACN Newswire via SEAPRWire.com) - "Being consciously single" is not a new term. Over the past few years, especially during the pandemic, it has become a trend to enjoy staying single.According to a study by Bumble, a dating app where women are dominant, 53% of respondents said that it is "actually OK" to be partnerless. Instead of searching in dating apps aimlessly, people are more inclined to live with elegance and confidence before meeting the right person. Another survey also shows that 83% of women are content to wait until finding their Mr. Right. In other words, people are more cautious about dating and building a relationship.Despite this, humans' desire for social connection will never wane for we are social animals, and consequently, this creates a breakthrough point from which social networking apps can adapt to users' shifting demands.Dating apps like Tinder are actively incorporating interactive and immersive features to attract users to congregate. Beyond such conventional products, fashionable social apps launched by companies such as Newborn Town and Hyperconnect, offering various audio- and video-based features for online-party and friend-...

ACN Newswire
Read More

ShineGlobal Social Networking Market Report 2022: ByteDance, Match Group, Newborn Town & More Lead Industry Trends

indie
10 minutes

HONG KONG, Jan 17, 2023 - (ACN Newswire via SEAPRWire.com) - Social networking establishes the connection and interaction between people. Entering the Internet era, social networking products bring everyone closer to each other. For Internet companies, social networking products are closest to people and can build an infinite commercialization derivative space based on the relationship chain, which is why this business looks both sexy and real. Recently, ShineGlobal, a global industry think tank, released the "Global Audio and Video Social Networking Market Report 2022" which provides a detailed overview of the global audio and video social networking market size, market segmentation in 2022, and the industry development trends in 2023. After the epidemic, audio and video social networking has undoubtedly become the most popular product format in the sector, and more and more developers are eager to have a try. In addition to TikTok, a short-video app that has successfully achieved globalization in recent years, audio and video social apps such as Match Group's Azar, Joyy's Bigo Live, and NewbornTown's MICO have gradually become the main force of globalization. 1. Audio and Video S...

ACN Newswire
Read More

Newborn Town releases its 2022 Interim Results; Breakthrough in core social networking business, accelerated diversified growth

indie
6 minutes

HONG KONG, Aug 30, 2022 - (ACN Newswire via SEAPRWire.com) - On August 25, Newborn Town Inc. (9911.HK) released its 2022 interim results. For the half ended June 30, the Company's total revenue reached RMB 1,374 million, up 32.3% YoY; adjusted EBITDA reached RMB 210 million, up 19.5% YoY; profit attributable to the owner of the Company reached RMB 83 million, up 121.3% YoY.The Company's successful model of social networking business continues to be replicated around the world. Its social networking revenue reached RMB 1,266 million, a growth of 52.4% YoY, indicating a steady breakthrough in the core business. At the same time, with the smooth progress of refined games, the Company's revenue from its innovative businesses totaled RMB 108 million, a rise of 91.7% compared to H2 2021, marking an accelerated diversified development.- 'Replication in Products' + 'Replication in Markets' showing social networking products spread globallyNewborn Town has long focused on global open social networking, and has built an audio and video social networking product matrix, including MICO, an open social platform, YoHo, an audio-based social product, and Yumy, a video-matching social product. As ...

ACN Newswire
Read More

Inkeverse 2022 Interim Results Announcement

indie
6 minutes

HONG KONG, Aug 29, 2022 - (ACN Newswire via SEAPRWire.com) - Inkeverse Group Limited ("Inkeverse" or the "Group"; stock code: 3700.HK) has announced its interim results for the six months ended 30 June 2022 (the "Reporting Period").In the first half of 2022, the Group continued to intensify its expansion in the interactive entertainment and social networking sector while enriching its business scenarios to boost operational efficiency. Through its strategy of profiting from a diversified matrix, the Group realized total revenue of RMB4.0 billion. Supported by stable revenue, Excluding the impact of share-based non-cash compensation expenses and goodwill impairment losses, the Group recorded an adjusted net profit of RMB402 million, a year-on-year increase of 150.8%. The Group's gross profit increased by 22.8% to approximately RMB17.3 billion, and the gross profit margin also increased to 42.6% from 34.9% in the same period last year, primarily due to an increase in the proportion of revenue from products under revenue-sharing businesses with high gross profit and the optimization of the revenue-sharing structure.In particular, revenue from social networking products accounted for 6...

SeaPRwire
Read More

Can Newborn Town become the next tenfold gainer?

pandora
9 minutes

HONG KONG, Mar 30, 2021 - (ACN Newswire) - What is the trend of the Internet industry in 2021? Chances are it's an open social platform. Elon Musk, the founder of Tesla, made Clubhouse popular around the world. Is Clubhouse the ultimate answer to an open social platform? It's hard to say at the moment, but the era of open socialization has arrived. Youth tend to move with anything new. So although Facebook has an absolute advantage in the global social field, Snapchat and Twitter still have room for development. With the continuous development of the Internet, a new generation of young users has a higher acceptance of video and audio, and a new generation of open social apps has also emerged.For Chinese Internet companies seeking growth opportunities in overseas markets, open social networking provides huge development opportunities, among which two of the most successful are China-based Newborn Town Inc (HKG: 9911), and AE-based Yalla Group Ltd (NYSE: YALA). First, let's take a look at Newborn Town, which has just released its 2020 financial report.The great potential of strangers socializingSince its listing in 2019, the changes in Newborn Town have been earth-shaking. Founded in...