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 NewbornTown and Hyperconnect, offering various audio- and video-based features for online-party and friend-making, have become companions in users' leisure time.
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Social networking establishes the connection and interaction between people. Entering the Internet era, social networking products bring everyone closer to each other.
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On August 25, Newborn Town Inc. (9911.HK) released its 2022 interim results. For the six months ended June 30 2022, 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.
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Highstreet is launching NFTs of its mascot FOMO Duck, which will serve as a guide for new users who become community members of the world's first commerce-centred metaverse.
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Newborn Town Inc. (9911.HK) (Newborn Town) released a 2021 Interim Financial Report on August 25, showing its satisfactory business performance. In fact, Newborn Town has long been favored by the capital market, and experienced a big rise in its stock price of 15.8% on August 24.
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What is the hottest in the Internet industry in 2021? There is no doubt that it is an open social platform. Elon Musk, the founder of Tesla, has made open audio social software Clubhouse popular all over the world.
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