NEWBORNTOWN expects social business revenue to increase by more than 60% in the first three quarters

HongKong Economic Journal
2024.10.24 09:41
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NEWBORNTOWN is expected to achieve social business revenue of 3.24 billion to 3.28 billion yuan by the end of September, with a year-on-year increase of about 60.7% to 62.7%. The revenue growth is mainly driven by diversified social products and the acquisition of Chizicheng Strategy Investment Limited. The monthly active users of the social business in the third quarter are approximately 28.983 million, an increase of 1.5% from the previous quarter. Innovative business revenue is expected to be 300 million to 320 million yuan, with a year-on-year increase of 12.4% to 19.9%

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