KAISA Jiayun Technology to Exit Loss-Making Digital Ad Business

MT Newswires Live07-23

KAISA Jiayun Technology (SHE:300242) will sell its digital ad business, Beijing Jinyuan Interactive, and 8-million-yuan debt to Chengan High-Tech for 10 million yuan.

Beijing Jinyuan Interactive incurred a net loss of 75.2 million yuan in 2024 and 12.1 million yuan in the first quarter, according to a Wednesday filing with the Shenzhen bourse.

Shares of the internet making company closed 2% lower Wednesday.

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