Summary by Futu AI
Chakijo Technology Co., Ltd. (the “Company”) announced on January 16, 2024 that unaudited operating data for the year ended December 31, 2023 showed that the cumulative downloads of the Company's social business reached approximately 6.2 billion, an increase of approximately 7.0% compared to September 30, 2023. During the same period, the average monthly active users of the social business reached about 2783.3 million, an increase of 8.7% year-on-year. Total social business revenue is expected to be recorded at about RMB2950 million to RMB3050 million, up from 15.4% to 19.3% year on year. The growth was primarily due to the company's expansion of its social business reach and user base in the third quarter of 2023, merging with Blue City Brothers Holdings Limited. In addition, total revenue from the innovation business is...Show More