<div id="readability-page-1">Social media platform operator Newborn Town Inc. (9911.HK) said on Wednesday its revenue rose more than 30% in the first quarter, fueled by its continued global expansion and the application of AI across its network. The company said it expects to report its revenue reached between 2.03 billion yuan ($295 million) and 2.13 billion yuan in the three months to March, representing a year-on-year increase of 33% to 39.6%. Revenue from its core social networking business was between 1.79 billion yuan and 1.89 billion yuan, up between 31.3% and 37.2% year-on-year. Cumulative downloads of the company’s social networking apps totaled 1.02 billion at the end of March, up 5.4% from three months earlier. Average monthly active users for its social networking business during the first quarter totaled 35.9 million, up 1.7% from the previous quarter. Newborn Town’s stock fell 0.4% on Thursday to close at HK$10.51. The stock is up nearly 60% over the last 52 weeks. By Doug Young To subscribe to Bamboo Works free weekly newsletter, click here</div>

赤子城科技

社交媒體平台運營商 Newborn Town Inc.週三表示，其第一季度收入增長超過 30%，得益於全球擴張和人工智能的應用。公司預計報告的收入將在 20.3 億至 21.3 億元人民幣（約合 2.95 億美元）之間，同比增長 33% 至 39.6%。其核心社交網絡業務的收入在 17.9 億至 18.9 億元人民幣之間，同比增長 31.3% 至 37.2%。截至 3 月底，公司社交網絡應用的累計下載量達到 10.2 億次，比三個月前增長 5.4%。

BRIEF: Newborn Town’s revenue rises more than 30% in first quarter