FAST NEWS: Hello Group plunges as paying users drop
The latest: Dating app operator Hello Group Inc. (MOMO.US) reported on Thursday its net profit jumped 13.7% year-on-year to 452 million yuan ($62.8 million) in the fourth quarter of 2023,…
FAST NEWS: Hello Group’s profit soars as Tantan breaks even
The latest: Dating app operator Hello Group Inc. (MOMO.US) on Thursday reported its net profit reached 568 million yuan ($78.3 million) in the second quarter, up 64.5% year-on-year and 45.6%…
Hello Group’s Tantan welcomes first-ever profits
The leading provider of online dating services said its profit rose 35% in the first quarter, even as its revenue fell, as the smaller of its two main apps became…
FAST NEWS: Hello Group’s profit surges, but revenue and paying users fall
The latest: Dating app operator Hello Group Inc. (MOMO.US) reported on Thursday its revenue dropped 12.6% to 3.21 billion yuan ($466 million) in last year’s fourth quarter, the 12th consecutive…
FAST NEWS: Hello Group Reports Lower Revenue and Profit in First Quarter
The latest: Dating app operator Hello Group Inc. (MOMO.US) reported a non-GAAP net profit of 399 million yuan ($60 million) in the first quarter, down 37.1% from 634 million yuan in the same…
Fosun Pharma Hopes Covid Vaccine Can Cure Its Ailing Margins
Company licensed to sell BioNTech’s mRNA vaccine in China reported its revenue rose 28.8% last year, with the Comirnaty vaccine bringing in over $157 million Key takeaways: Fosun Pharma’s revenue…
Hello Group to Say ‘Bye Bye’ to Struggling Tantan App?
The company often called the ‘Tinder of China’ says revenue from its Tantan unit purchased in 2018 plunged 40% in last year’s fourth quarter Key Takeaways: Hello Group’s revenue fell…