EQS-News / 01/06/2021 / 17:05 UTC+8
Yumy - new product of "Social networking APP factory" Newborn Town Inc. went viral among over 5 million users
Since the outbreak of COVID-19, the development of online social networking industry has been accelerated worldwide,
where Chinese Internet enterprises continue to seize the global market with their localized products and operational
capabilities. Recently, Yumy, a popular social networking APP launched by Newborn Town Inc. (9911.HK), one of China's
leading Internet enterprises adapting the "going-global" strategies, has been downloaded for over 5 million times on
Google Play store.
Fueled by the Covid-19 epidemic, the new stay-at-home economy has been booming and stimulated the development of online
social networking industry, where audio and video features have become the global trend of online APP interaction.
Dedicated to global social networking business, Newborn Town Inc. is targeting to satisfy the global users' needs and
hence established a product portfolio of audio and video social networking APPs, including Yiyo, MICO, and YoHo, which
have all been well-received in the markets.
The recent new product Yumy, featuring "Video Matching" and "Touched in 10 Seconds", has become another best-seller
forged by "Social networking APP factory" Newborn Town Inc. It enabled the users to get into real-time interactive
scenarios based on videos and efficiently establish social relations with one click.
"Touched in 10 Seconds", Yumy's core romantic matching function through real-time video communication
In Yumy's "Heartbeat" mode, the user can start video matching with one simple click. When a match is identified, the
user can see other's face immediately and decide if he or she is "touched" and willing to continue the conversation
within 10 seconds. If both parties are "touched" mutually, they can continue the video call and establish a connection,
or they'll pass up.
The real-time face-to-face interaction created by Yumy is gaining high popularity, crediting to the simple layout and
function, authentic experience and full of excitement.
Since the initial launch of Yumy, it has been particularly popular in emerging markets like India, Pakistan, and
Southeast Asia, with over 5 million downloads. It entered into the list of top 10 most downloaded Google Play social
networking APPs in 15 nations/regions worldwide, including Pakistan, Malaysia and Bangladesh, and entered into the list
of top 10 best-selling Google Play social networking APPs in 4 nations.
"Social networking APP factory" Newborn Town Inc. invests more in audio and video products
Newborn Town Inc., one with 10 years of business experience in global market, has seen tremendous opportunities in the
social networking industry and therefore focusing efforts on building a competitive product portfolio of audio and
video social networking APPs for the global markets.
Looking at the current product portfolio of Newborn Town Inc., YoHo has been one of the top 2 voice-chat social
networking platforms in the Middle East. MICO has topped the list of most downloaded iOS social networking APPs in 71
nations/regions worldwide. Yiyo, nicknamed the "video version of Tinder", is particularly popular in the Middle East
and North Africa. The new product Yumy also features video social networking, but with many unique efforts made in the
fields of product design, path for market expansion, and the like.
Building a diversified social networking product portfolio has been proven to be successful in seizing the market.
According to public information, Match Group, the industry giant, owns more than 40 social networking APPs which target
at different groups of users by region, age, interest, preference, etc. Newborn Town Inc. is also adopting the strategy
of establishing a product portfolio to rapidly seize the global market.
Unlike Match Group, Newborn Town Inc., with the position as a "Social networking APP factory", is featuring its own
brand of premium audio and video APPs. Currently, social networking in the form of images and texts is being replaced
by real-time interaction vectors like videos and audios, on which the products previously launched by Newborn Town Inc.
Recently, thanks to its social networking business, good news of Newborn Town Inc. has come one after another. Its
revenue increased by more than 470% on a year-on-year basis in 2021 Q1, already close to half of last year's total. The
average MAU of its social networking products approximated to 16.58 million in Q1, marking a quarter-on-quarter growth
of over 25%.
As of the close of May 27, 2021, Newborn Town Inc. was added to MSCI China Small Cap Index, demonstrating its strong
driving force and tremendous growth potential.
01/06/2021 Dissemination of a Financial Press Release, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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(END) Dow Jones Newswires
June 01, 2021 05:06 ET (09:06 GMT)