Grainews December 4th | Newborntown Technology (9911.HK) rose more than 6%, reaching a high of HK$4.33. On the news front, according to Newborntown Technology's earlier release of the operating data announcement for the first three quarters of 2024, the core social business revenue grew by over 60% during the period, and innovative business revenue also steadily increased. With the continued improvement in performance, the company recently received buying interest from global asset management giant Vanguard Group, which is currently one of the company's largest institutional investors. In September this year, Newborntown Technology was included in the FTSE Global Small Cap Index and the FTSE All-Cap (LMS) global all market index. Tianfeng Securities released a research report stating that being included in the FTSE index will further enhance Newborntown's visibility and influence in the international capital markets, while the company will receive fund allocations from tracking this index globally. Vanguard Group is one of the index funds that followed up with a buy after Newborntown was included in the FTSE index. In addition, several global asset management institutions have also been buying or increasing their holdings in Newborntown Technology in the second half of this year. Furthermore, the highly anticipated AI marketing company AppLovin recently revealed their collaboration with Newborntown Technology's gaming business, stating that they will use AI technology to significantly improve game acquisition efficiency. (Grainews)