Flowing Cloud Technology Ltd. (HK:6610) has released an update.
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Flowing Cloud Technology Ltd. reports a 25.2% decrease in revenue and a 45.4% drop in profits for the first half of 2024 compared to the previous year, amidst a general downturn in domestic demand in China. Despite the challenging market conditions, the company has made headway in the overseas market and the C-end virtual human live streaming segment, while also investing in a fund focused on the metaverse and artificial intelligence to enhance its digital content ecosystem.
For further insights into HK:6610 stock, check out TipRanks’ Stock Analysis page.