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Billionaire Philippe Laffont Sold 72% of Coatue's Stake in Nvidia and Is Piling Into This Historically Cheap Dual-Industry Leader
On Wall Street, important data releases are a common occurrence. Monthly inflation and jobs reports, coupled with Wall Street's leading businesses reporting their quarterly operatiThe Motley Fool
Sep 30, 2024
Indonesia shares lower at close of trade; Jakarta Stock Exchange Composite down 1.59%
Investing.com – Indonesia equities were lower at the close on Monday, as losses in the Infrastructure, Financials and Agriculture sectors propelled shares lower.At the close in Jakarta, the Jakarta StInvesting.com
Sep 30, 2024
2 Unstoppable Artificial Intelligence (AI) Stocks Down 54% and 79% to Buy Hand Over Fist, According to Wall Street
Wall Street doesn't always get things right, but it can be useful to pay attention when analysts reach a consensus on a particular stock. Sometimes, it can suggest potential upsideThe Motley Fool
Sep 30, 2024
The 2025 Social Security COLA Will Be Announced in October. Here's What That Means for Retirees.
October brings lots of things. Columbus Day. Halloween. Major League Baseball playoffs. Breast cancer awareness month.But for anyone who receives Social Security benefits, there'sThe Motley Fool
Sep 30, 2024
This Stock Market Indicator Has Been 100% Accurate Since 1994. It Portends a Big Move Before 2025.
Macroeconomic fundamentals and corporate earnings drive the stock market over long periods of time, but momentum plays an important role over shorter periods.The S&P 500 (SNPINDEX:The Motley Fool
Sep 30, 2024
Newborn Town (SEHK 9911) Joins Saudi Arabia's RHQ Program, Securing Approval to Establish Regional Headquarters in Riyadh
Newborn Town (SEHK 9911) Joins Saudi Arabia's RHQ Program, Securing Approval to Establish Regional Headquarters in Riyadh[30 September 2024 – Hong Kong] Newborn Town Inc., a leading global social-networking company（‘Newborn Town’ or Company, Stock Code: SEHK 9911）, is pleased to announce that it has been the first social entertainment company to establish its MENA headquarters in Saudi Arabia, with the Regional Headquarters license granted by Saudi Arabia's Ministry of Investment (MISA). On 26 September 2024, Newborn Town partnered with Saudi Arabia's Ministry of Investment to host an event in Riyadh under the theme 'To Connect, Explore, and Thrive Together'. Held at Crowne Plaza Riyadh RDC Hotel, this inauguration ceremony gathered guests including Mohammed Alshabanah, general manager of the ICT Sector from the Ministry of Investment; Alhassan Hamideldin, general supervisor of the Regional Headquarters Program (RHQ Program); Huang Nailiang, head of the MENA Market from Newborn Town, and Song Pengliang, senior vice president from Newborn Town.Huang Nailiang delivered his speech with enthusiasm, stating, ‘We are honored to receive the permit to establish our regional headquarter in Saudi Arabia, one of our most important markets. We firmly believe that our participation in the RHQ Program will not only help us attract top talents but also pave the way for significant successes in the MENA region.’Established in February 2021 by MISA and the Royal Commission for Riyadh City, the RHQ Program seeks to attract multinational companies to establish their regional headquarters in Saudi Arabia. As a key initiative under Saudi Arabia's Vision 2030 (Government program to reform the economic outlook), the program reflects the Saudi Arabia's pursuit of economic diversification and is instrumental in driving these ambitious goals forward.Saudi Arabia's Ministry of Investment: Newborn Town’s arrival aligns with the Saudi Arabia’s strategic objectiveAlhassan Hamideldin, general supervisor of the RHQ Program, highlighted the significance of Newborn Town's involvement, "The company, which focuses on building content that resonates with over 1 billion users around the world, represents an exciting and rapidly expanding player in the social entertainment sector. Its arrival aligns perfectly with our strategic objective of transforming the Kingdom into a dynamic hub of innovation and technology as well as with our National Investment Strategy."Newborn Town: The expansion in MENA is set to be boosted while business growth and social values are fosteredSince 2017, Newborn Town has focused on penetrating the MENA market by delving deep into the social and entertainment needs of local users. By now, a full-fledged and dynamic content ecosystem has been built in the region through Newborn Town's refined localized operations, forging a diverse product portfolio, including MICO, YoHo, TopTop and SUGO.In Newborn Town's recently released 2024 interim results, the MENA market contributed over 50% of the company's social networking business revenue. Core products in MENA market have seen a year-on-year revenue growth of 44%, surpassing the growth rates of the past two years. Notably, the social APP named SUGO has experienced a revenue growth of over 250%, while TopTop has doubled its revenue, both being highly popular APPs in the MENA market. Beyond its business successes, Newborn Town has remained steadfast in its commitment to fostering significant social impacts throughout the MENA region, including Saudi Arabia. It is dedicated to fulfilling corporate social responsibilities through different initiatives, such as promoting local talent employment, supporting vulnerable groups like children battling cancer and providing assistance during natural disasters. Huang Nailiang reiterated Newborn Town's commitment to supporting KSA's economic diversification: ‘Looking ahead, we will continue to delve into the social entertainment market within Saudi Arabia and across other MENA countries. We are excited to grow together with Saudi Arabia and the broader MENA community, exploring new business opportunities and working towards a brighter future.'About Newborn TownNewborn Town has grown into a leading technology company which was listed on the Main Board of the Hong Kong Stock Exchange (HKEX) in 2019 under the stock code 9911.Committed to creating positive emotional values worldwide, Newborn Town has developed a diverse portfolio of applications in the social networking and entertainment sectors. Its social apps include MICO, YoHo, TopTop, SUGO and HeeSay, together with gaming products like Alice's Dream: Merge Games. These applications have achieved widespread acclaim, reaching over one billion users in over one hundred countries and regions.Newborn Town considers the Middle East and North Africa (MENA) region a key market and has also extended its influence in Southeast Asia, Europe, the United States, Japan, and South Korea. The company aims to become the world's largest social entertainment company.For enquiries, please contactDLK Advisory pr@dlkadvisory.comFile: Newborn Town (SEHK 9911) Joins Saudi Arabia's RHQ Program, Securing Approval to Establish Regional Headquarters in Riyadh30/09/2024 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Sep 30, 2024
A Once-in-a-Decade Opportunity: 2 AI Stocks to Buy Before They Soar 175% and 560%, According to Certain Wall Street Analysts
Historically, certain technologies have played a pivotal role in driving the stock market higher. That includes the internet in the 1990s, mobile devices in the 2000s, and cloud coThe Motley Fool
Sep 30, 2024
Modern Dental Group Shared the Technological Innovation in Dentistry Along the Development of New Quality Productive Forces in CCB International Forum
Modern Dental Group Shared the Technological Innovation in Dentistry Along the Development of New Quality Productive Forces in CCB International ForumModern Dental Group (03600.HK) was invited to attend the investor forum with the theme of "China: Igniting New Drivers" organized by CCB International in Singapore on September 25th-27th. As a guest speaker in the panel discussion - New Quality Productive Forces in Technology and Innovation, Modern Dental shares how it uplifts the new quality productivity through its digital production cycle and accelerates growth achieved through high-tech, high-efficiency and high-quality characteristics. A total of more than 80 investors and representatives from over 60 institutions participated in the conference. The company attended the follow-up breakout sessions to meet institutional investors to further update on the company's latest operation and development trend.As the global leading provider of dental solutions, Modern Dental Group has achieved the milestone of restoring 2 million smiles in 2023, among more than 857,000 digital cases, with a 2-year CAGR of 66%. It is expected that the accelerated digitalization trend in dentistry will continue to drive the Group to leverage its advantages in market consolidation.The Group is committed to providing high-quality education through interactive training, hands-on workshops, seminars and symposiums featuring industry experts. With a focus on dental community engagement, it offers exclusive networking opportunities, allowing dental professionals to connect, share experiences and foster collaborative learning.Throughout this year, the group has built a diversified product portfolio and devoted to technological innovation in shaping a comprehensive dental ecosystem, including the integrated solution for clear aligners and facial scanning technology, intra oral scanner, AI Smile Generator in orthodontics application, Evo Fusion printed denture, SmartFit Retainer and metal surgical guide etc. As the leading player and digital innovator in the dental industry, Modern Dental Group will continue to thrive by offering cutting-edge solutions to the dental community, optimizing its digital production and management system, with the growing momentum driven by the new quality productive forces.About Modern Dental GroupModern Dental Group Limited (Stock code: 03600.HK) is a leading global dental prosthetics provider, distributor and consultant with a focus on providing custom-made prostheses to customers in the growing prosthetics industry. Our product portfolio is broadly categorized into three product lines: fixed prosthetic devices, such as crowns and bridges; removable prosthetic devices, such as removable dentures; and other devices, such as orthodontic devices, sports guards, clear aligners, and anti-snoring devices.Modern Dental Group has a global portfolio of respected brands, including Labocast, Permadental and Elysee Dental in Western Europe, YZJ Dental in China, Modern Dental Lab in Hong Kong, Modern Dental USA in the United States, and Southern Cross Dental in Australia. We have grown these brands by providing premium and consistent quality products and superior customer service. We have more than 80 service centers in over23countries and serve over 30,000 customers.30/09/2024 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Sep 30, 2024
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