Duiba Group Ltd. (HK:1753) has released an update.
Duiba Group Ltd, a SaaS and internet advertising firm in China, reports a 35.3% decrease in revenue for the first half of 2024 compared to the same period in 2023. Despite the revenue dip, the company saw an increase in the value of newly signed contracts for their user management platform, with a rise from RMB 41.0 million to RMB 75.5 million. The company also recorded a net loss, after adjusting for share-based payment, in contrast to the profit reported in the previous year.
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