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Newborn Town sees a Net Profit Growth of 28% to RMB 388 Million whilst the MENA Market Revenue surged by over 44% for the first half of 2024

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HONG KONG, Aug. 30, 2024 /PRNewswire/ — On August 29, Newborn Town (09911. HK) unveiled its interim results for the first half of 2024, demonstrating significant growth in various key operational indicators. The improvement was driven by its skyrocketing pan-audience social networking business and further expansion in the MENA market.

According to the announcement, Newborn Town reported a total revenue of RMB 2,272 million for the first half of 2024, marking a substantial 65% period-on-period increase. Net profit for the period reached RMB 388 million, up 28% period-on-period. Profit attributable to the Company’s owners was RMB 225 million, reflecting a 21% period-on-period rise. Adjusted EBITDA totaled RMB 448 million, demonstrating a 29% period-on-period increase.

The social networking business segment attained robust growth, achieving revenue of approximately RMB 2,070 million, marking a 67% growth period-on-period. Additionally, the innovative sector made significant progress, recording around RMB 202 million in revenue, reflecting a 54% period-on-period growth.

Notably, the Company’s long-term investment in the MENA region has been yielding positive feedback. The capability for “product replication “has been further strengthened, with new products represented by SUGO rapidly maturing, thus bringing fresh growth momentum to the Company.

As one of the major markets, the MENA market has consistently been the core focal point of the Company’s strategic implementation of localization strategy. Through years of in-depth regional operations, Newborn Town has built up a comprehensive regional organization, nurtured a local team of employees, and forged strong connections with local creators and partners.

The benefits brought about by Newborn Town’s localization efforts are becoming increasingly evident. For the first half of 2024, the MENA market contributed over 50% of the Company’s social networking business revenue, with the core products recording a 44% period-on-period increase.

The MENA region has also been the market for Newborn Town’s new business incubation. Products with high potential, such as TopTop and SUGO, have been successfully scaled up from inception as their business models were verified for global market expansion.

This August, Saudi Arabia’s Ministry of Investment granted Newborn Town a Regional Headquarters (RHQ) license, making it the world’s first social entertainment company to establish a regional headquarters in Saudi Arabia. This move further consolidates Newborn Town’s efforts in the MENA region.

Under the RHQ program, Newborn Town will aim to build a trustworthy enterprise in the MENA region through close connections with governments, active engagement in community development and charitable activities, serving the local populace and building an ecosystem.

While continuously widening the moat with its localization strength, Newborn Town has also achieved significant breakthroughs in product operation, starting to achieve the goal of replicating the popular apps that generate tens of millions of dollars in monthly revenue. After MICO, the companion-based social app SUGO has reached the target.

Newborn Town’s operation strategy, centered on cultivating the “Bushes” housing apps with diverse features, has been developed through a deep understanding of users’ specific social and entertainment needs. Under this strategy, Newborn Town’s strength in app operation has steadily advanced, alongside enhancements in the middle platform mechanism.

Moreover, the Company’s aggregated localized operation resources have hastened the emergence of hit apps by facilitating swift product launches, cost-effective trial and error testing, and highly efficient verification.

SUGO and TopTop, the new apps under Newborn Town, have both experienced explosive revenue growth. SUGO, for example, has achieved an over 250% period-on-period increase in revenue. In July, SUGO contributed the majority revenue to Newborn Town among the apps.

TopTop, the social gaming platform with a double period-on-period revenue increase in the first half, was featured as a recommendation on the Apple App Store in May, reaching users across dozens of countries and regions, including Saudi Arabia, the United Arab Emirates, and Oman.

The first-mover products, such as MICO and YoHo, have also made significant strides. MICO, TopTop, SUGO, and YoHo all ranked on Sensor Tower’s Top 10 highest-grossing social apps in MENA from January to May 2024.

According to the announcement, the Company will persist in its pursuit of creating successful products in increasingly specialized niches and duplicating more apps that yield monthly revenues in the tens of millions of US dollars.

Beyond its pan-audience social networking business achievements, Newborn Town’s other business segments have also seen notable progress.

HeeSay, the LGBTQ+ online community, has strengthened its global brand presence through more refined in-app operations. Since early this year, this platform has launched a series of offline events in Bangkok, Ho Chi Minh City, Los Angeles, etc., fostering a stronger sense of community among users. These efforts have contributed to an increase in business scale of approximately 25%.

In addition, the Company has continued investment in developing quality games. In the first half of 2024, Newborn Town’s quality games achieved a recharge of RMB 387 million, up 393% period-on-period. Its flagship title, Alice’s Dream: Merge Games, secured a spot among Sensor Tower’s top 30 Chinese mobile games in overseas revenue for May and June.

Overall, Newborn Town has made significant strides across key markets and various business segments in the first half of 2024. The Company has reinforced the validity of its business models in the social sector, bolstering the competitiveness of its new products and injecting new growth catalysts.

Moving forward, Newborn Town aims to delve deeper into the social entertainment realm, gaining a foothold in MENA and expanding globally to create positive emotional values.

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SOURCE Newborn Town

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TMGM Enters Esports Through New Collaboration with OG Esports as Official Global Partner

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June 18, 2026

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SYDNEY, June 18, 2026 /PRNewswire/ — TMGM today announced a new collaboration with OG Esports, marking TMGM’s first esports campaign. As the Official CFD Partner of OG’s Dota 2 and Counter-Strike 2 teams, TMGM will engage esports audiences through fan-focused digital activations, exclusive rewards and branded content.

The collaboration reflects TMGM’s commitment to engaging digitally native audiences through performance-driven communities. The initiative highlights similarities between competitive gaming and financial markets, where preparation, precision, speed and resilience drive success.

“Success, whether in financial markets or competitive gaming, is built on preparation, resilience and the ability to adapt in a fast-changing environment. These qualities are deeply embedded in both TMGM and OG Esports,” said Nick Yang, Chief Commercial Officer of TMGM.

“We are pleased to collaborate with an organisation that has built a strong reputation within the esports industry, and we look forward to delivering meaningful experiences that resonate with audiences around the world.”

Throughout the campaign, fans can look forward to cashback rewards, signed OG Dota 2 and Counter-Strike 2 team jerseys, branded content and social media activations.

TMGM’s presence will be integrated across OG’s website, social channels and streaming platforms.

Through the collaboration, TMGM aims to deliver meaningful experiences and lasting value to OG’s global community.

“OG has a global fanbase that deserves the very best experiences. That’s why we’ve partnered with TMGM. As a leading CFD trading platform, TMGM will offer our community new ways to engage both through trading and unique OG experiences. We’re proud to support TMGM’s first step into esports and look forward to building a strong partnership that delivers lasting value for our fans,” said Xavier Oswald, Chief Executive Officer of OG Esports.

About TMGM

Founded in 2013 in Sydney, Australia, TMGM Group is the Official Regional Partner of Chelsea Football Club. As a broker providing global financial product trading, TMGM is regulated by ASIC(Australia), VFSC (Vanuatu), FSC Mauritius, and FSA (Seychelles).

Disclaimer: Investing in leveraged products carries high risks and is not suitable for all investors. You have no interest in the underlying asset. Read the Client Agreement and other disclosure documents set forth on our website. The above information is provided by TMGM Group (Trademax Australia Limited, ABN 76 162 331 311, AFSL 436416, Trademax Global Markets (SE) Limited, FSA licence number SD224, Trademax Global Limited, VFSC 40356 & Trademax Global Markets (International) Pty Ltd, Company No. 195323, Mauritius Investment Dealer Licence No. GB22201012). 

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Huawei Expands Health and Fitness Ecosystem on HUAWEI WATCH FIT 5 Series, Deepening Commitment to Women’s Wellbeing

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June 18, 2026

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New app partnerships with Life: Period Tracker, Clue, and The Ginger Club signal growing momentum for third-party developers building on Huawei’s wearable platform

LONDON, June 18, 2026 /PRNewswire/ — Huawei announced the continued expansion of its health and fitness app ecosystem on the newly launched HUAWEI WATCH FIT 5 Series, reinforcing its strategy to build an open, partner-driven platform that delivers meaningful everyday value to users. The latest additions include Life: Period Tracker, the globally recognized women’s health app; Clue, the #1 women-led  period and cycle tracker; and The Ginger Club, a running community founded around women’s physiology, bringing advanced cycle tracking, data-driven health insights, and personalized training directly to the wrist.

The applications are available through HUAWEI AppGallery across all models of the HUAWEI WATCH FIT 5 Series. They reflect a broader ambition: to attract best-in-class app developers to Huawei’s wearable ecosystem and give them the platform, data integrations, and user reach to build health experiences that genuinely improve daily life.

A Platform Built Around Women’s Health

With women’s health being a clear strategic priority, Huawei’s ecosystem team has worked closely with partners to ensure the HUAWEI WATCH FIT 5 Series goes beyond step counting. Life: Period Tracker allows users to log cycle data, symptoms, mood, and flow level directly from the watch, discreetly and without reaching for a phone.

For users seeking deeper analysis, Clue’s integration with the Huawei Health app brings sleep data and body temperature readings from the watch into cycle analysis, supporting more personalized and data-driven health insights. Available with a Clue Plus subscription, the integration allows users to make the most of the data their watch already captures.  

From Wrist Data to Intelligent Coaching

The Ginger Club, founded by renowned running coach Candela Pérez, takes the ecosystem’s women’s health focus into athletic performance. With a Ginger Club subscription, training plans, from 5K to marathon, are designed around menstrual cycle phases. In addition, through seamless syncing with the HUAWEI WATCH FIT 5 Series, the app draws on real-time pace, heart rate, and recovery data to guide users on when to push and when to rest, enabling the watch to become a genuine coaching companion.

These partnerships illustrate the growing appeal of Huawei’s wearable platform: lightweight, all-day wear design enables higher data continuity and more engaged users, delivering a compelling proposition for developers looking to reach people in the real moments of their lives.

An Open Ecosystem Invitation

To celebrate the launch, new HUAWEI WATCH FIT 5 Series buyers will receive an exclusive three-month premium subscription, valued at €15, to Life: Period Tracker at no cost, and a 3-month free trial to Clue Plus, as part of Huawei’s commitment to making its ecosystem genuinely rewarding from day one.

For developers and health brands, the path to collaboration is open: whether through Health Kit integration or native app development for HUAWEI AppGallery, Huawei provides the tools, APIs, and go-to-market support to bring compelling wearable experiences to market. On top of this, the HUAWEI WATCH FIT 5 Series also supports contactless payments with Curve Pay, as well as access to Huawei MultiPass, including Huawei Health+ membership and exclusive benefits from popular sports, fitness, and lifestyle apps such as komoot, Naviki, URUNN and FIIT.

Developers and health brands interested in building for Huawei’s wearable platform are encouraged to explore partnership opportunities through the Huawei Developer Portal at https://developer.huawei.com/consumer/en/.

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SOURCE Huawei Consumer Business Group

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HDC 2026 Global Eco Summit: Huawei Ecosystem Fuels Partners’ Growth in China and Cross-Border Success

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June 18, 2026

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DONGGUAN, China, June 18, 2026 /PRNewswire/ — At the HDC 2026 Global Eco Summit, Huawei convened global ecosystem partners, brands, and developers to explore how its innovative technologies are reshaping digital interaction in an increasingly interconnected, multi-device world. Spanning luxury retail, tourism, financial services, and digital platforms, the summit highlighted how enterprises are leveraging Huawei’s ecosystem to drive innovation and business growth, with key partners sharing real-world collaboration cases and practical insights.

China Market Mastery: AI-Powered Audience Insights and Story-Driven Strategies for Scalable Brand Growth

Huawei’s ecosystem has established itself as a powerful platform enabling brands to navigate the China market with precision and creativity. Leveraging Petal Ads’ advanced AI capabilities and rich consumer insights, brands access multi-dimensional audience portraits, real-time behavioral signals, and omnichannel measurement tools. The ecosystem also provides access to affluent consumer segments, including over 22 million yearly outbound travelers — 76% of whom belong to middle-to-high consumption groups with strong interest in luxury goods, technology, and premium lifestyles.

A global leading luxury house demonstrated how these capabilities translate into meaningful China growth. To connect with high-net-worth consumers, the brand partnered with Huawei to leverage Petal Ads’ precision targeting, reaching premium audiences including foldable device users with immersive splash screen visuals optimized for Huawei devices. The campaigns generated tens of millions of impressions and strong click-through rates. The partnership has since expanded into experiential collaborations and in-store initiatives, blending the brand’s heritage with Huawei’s intelligent technology.

A Southeast Asian national tourism board showed how China-market strategy becomes more effective when media, content, devices, and offline experiences are connected. This collaboration leveraged Petal Ads, Huawei Wearables, SkyTone, and offline retail experiences to create a 360-degree immersive travel journey for Chinese consumers — including customized watch faces featuring destination mascots and KOL collaborations. The campaign generated hundreds of millions of exposures, significantly lifted brand awareness, and solidified the destination as a top choice for Chinese outbound travelers.

Expanding Global Horizons: Overseas Partners Strengthen Huawei’s Global Ecosystem

As cross-border travel and consumption grow, overseas partners are increasingly engaging with Huawei’s ecosystem to deliver seamless, locally relevant experiences for users abroad, embedding essential services such as ticketing, payments, and connectivity directly into users’ daily digital lives.

A leading Hong Kong ticketing platform partnered with Huawei to redefine cross-border event and travel experiences for Chinese outbound travelers. Leveraging Huawei’s hybrid architecture, localized support, and Huawei Login capabilities, the platform built a high-performance, cross-device application for concerts, sports events, and travel services across Hong Kong and Asia. Beyond ticketing, the integration spans the full travel journey: users can book tickets, navigate to venues via Petal Maps, and stay connected via SkyTone — all within Huawei’s ecosystem — transforming standalone transactions into continuous, connected travel moments.

BonusFlaş, Garanti BBVA’s digital payment and smart wallet platform and one of Türkiye’s leading digital payment solutions, demonstrated how Huawei’s ecosystem enables seamless and secure transactions. Through this partnership, BonusFlaş enabled NFC-based contactless payments on HUAWEI WATCH 5, HUAWEI WATCH GT 6 series, and other NFC-supported wearables, allowing users to make secure, one-tap payments at millions of POS terminals across Türkiye directly from their wrists. BonusFlaş’s upgraded platform brought together cards, digital payments, exclusive campaigns, and favorite brands in a single, user-friendly interface, expanding its user base and setting a new standard for fintech-wearable collaboration in Türkiye.

Forging a Connected Future Together

The HDC 2026 Global Eco Summit reaffirmed Huawei’s role as an open, collaborative global bridge, connecting brands, developers, and consumers to drive shared growth. As cross-border commerce and travel expand, Huawei stands ready to empower partners with its innovative technologies and expansive ecosystem. Huawei invites all global brands, developers, and ecosystem partners to join together building a fully connected, intelligent world that turns cross-border challenges into opportunities.

About HUAWEI Consumer BG

For more information, please visit https://www.huawei.com/en

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SOURCE Huawei Consumer Business Group

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