HK Stock Market Move | NEWBORNTOWN(09911) rose more than 7% as the company's boutique gaming business entered the profitable stage, and has begun contributing revenue.

NEWBORNTOWN (09911) rose more than 7%, closing at a 6.86% increase, reaching 4.05 Hong Kong dollars, with a turnover of 1104.88 million Hong Kong dollars as of the deadline. On the news front, on January 20, NEWBORNTOWN released unaudited operating data for the year 2024, disclosing for the first time the revenue contribution of the boutique game business to the listed company, indicating that the business has begun to be profitable. The announcement showed that boutique games such as Alice's Dream: Merge Games developed independently by the company and delivered for external distribution are profitable and the company receives a share of the profits. In 2024, the company's boutique games generated revenue of approximately 7.05 billion RMB, an increase of about 80.4% from 2023. The revenue contribution from the gaming business indicates that the company's layout in boutique games is starting to bear fruit, and the second growth curve is expected to erupt.