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The heat of AI Advertising Marketing continues, with AppLovin in the U.S. stock market and the Hong Kong stocks Weimob and NEWBORNTOWN tasting the "sweetness"?
Recently, the enthusiasm for AI in the Capital Markets has surged again, with Institutions competing to investigate AI application companies, driving stock prices higher. From domestic to overseas, the enthusiasm for AI continues to be released. Among them, Advertising Marketing, as an industry that has embraced AI transformation early on, has allowed many companies to reap the first wave of benefits. When mentioning Advertising Marketing, one cannot overlook AppLovin, which has been dubbed the "AI Monster Stock" this year. This year, the US stock market AI Advertising Marketing giant AppLovin has become a new darling of Wall Street with its outstanding AI application performance, with its stock price increasing over 790% since the beginning of the year and Market Cap exceeding 100 billion dollars.
Newborn Town's Appointee Repurchases Further Shares
Newborntown (09911.HK): Three D Partners Limited further purchased a total of 0.554 million shares based on share purchases.
Gelonghui reported on December 6 that newborntown (09911.HK) announced that from April 28, 2023, to November 29, 2024, Three D Partners Limited purchased a total of 54,366,000 shares from the market. Subsequently, from December 2, 2024, to December 3, 2024, Three D Partners Limited further purchased a total of 554,000 shares from the market according to the share purchase.
Hong Kong stocks moved|newborntown rose over 6% as its core social business maintains high growth and is bullish on by institutions such as Vanguard.
On December 4, Glonghui reported that newbourntown (9911.HK) surged over 6%, reaching a high of 4.33 Hong Kong dollars. According to the operating data announcement for the first three quarters of 2024 previously released by newbourntown, core social business revenue grew by over 60%, and innovative business revenue also steadily increased. With performance continuously improving, the company recently received a buy from global asset management giant Vanguard Group, which is currently one of the largest institutional investors in the company. In September of this year, newbourntown was included in the FTSE global small cap index.
Amazon launched a series of advanced AI models driving the activity of AI concept stocks, with Kingsoft Cloud (03896) up 11.11%.
Kingwu Finance News | AI concept stocks generally rose, Kingsoft Cloud (03896) up 11.11%, NewbornTown Technology (02121) up 7.16%, Mobvista (01860) up 6.1%, newborntown Technology (09911) up 5.65%, Meitu (01357) up 3.6%, iDreamSky (01119) up 2.05%, Kingsoft (03888) up 1.77%. Amazon announced at the annual AWS conference the launch of a series of advanced AI models called Amazon Nova. The Amazon Nova series includes text to
Hong Kong stock movement | newborntown (09911) rises over 3% as it plans to acquire 77.83 million shares of NBT Social Networking for 1.983 billion Hong Kong dollars.
newborntown (09911) rose over 3%, up 3.43% at the time of writing, trading at 4.2 Hong Kong dollars, with a transaction amount of 10.2533 million Hong Kong dollars.
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