Asia
Duiba Group Expects Narrower H1 Loss
Duiba Group (HKG:1753) expects loss attributable to owners of the parent to narrow to no more than 25.4 million yuan for the six months ended June 30, compared with a loss of 26.7 million yuan a year earlier, according to a Hong Kong bourse filing on Monday.The company attributed the forecast mainly to the growth of its AI short drama business, which was launched in January, although continued investment in AI production infrastructure and business expansion kept the company in the red.Revenue is also expected to increase significantly year over year, driven by the rapid expansion of the AI short drama business.
HKG:1753
