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following the announcement of a profit forecast on august 20 by gome's listed company "gome financial technology" (00628.hk), announcing a sharp increase in performance, on august 28, gome financial technology issued two more announcements, announcing the acquisition of several new business lines and plans to change the name of the listed company to "tongtong ai social group". the successive big moves show that gome financial technology has officially upgraded its strategy to a comprehensive internet platform business, and gome has officially made a key move in the field of emerging internet industries.

what is "tongtong"? gome group is welcoming a new digital ecosystem

the new name of the listed company is "tongtong", which means that gome is building an interconnected multi-dimensional internet platform. at present, the metaverse, artificial intelligence and other related technologies and fields with a trillion-level market space are continuously empowering the web3.0 era under the background of the digital economy, and promoting the upgrading and transformation of new internet formats, new technologies and new platforms. in the ever-changing business environment, gome financial technology has embraced the internet and ai industries from the strategic upgrade of the financial services industry, and is expected to usher in huge development space and business opportunities.

with the launch of "tongtong ai social group", gome's layout in the field of emerging internet industries has officially entered the public eye. it is reported that the target group company of this proposed related transaction, liheng company, owns a number of internet social platform products. this series of products has entered the testing phase and is expected to be officially launched before the spring festival. at present, the company is fully soliciting opinions from all parties and continuously improving product performance.

different from the mainstream internet social platforms on the market, the innovation of "tongtong" lies in that the platform not only generates social scenes based on interests, but also drives social tools with ai technology and generates new ways of playing, thereby deriving rich transaction scenes, and through the "social + business" business model, it generates more transaction opportunities and makes transactions more convenient. this new social model will create a new digital life home for users and enterprises that integrates new social, new scenes, and new ways of playing, and promote new social prosperity.

as an important layout of gome group in the era of digital economy, with the comprehensive empowerment of gome's original online and offline scenarios, financial technology, traditional users and other resource capabilities, if "tongtong" breaks the boundaries of the traditional internet ecology, achieves scene interconnection, traffic interconnection and value interconnection, and opens up the links between social and business in the digital future life driven by web3.0, this innovative model will create a new digital ecology for gome group.

investment in emerging internet sectors yielded initial success, with newly acquired businesses contributing to positive earnings

now that gome financial technology has officially announced the acquisition, the company name is changing from "gome financial technology" to "tongtong ai social", which shows gome's strength and determination to integrate its carefully incubated businesses. in fact, gome financial technology's diversified investment and strategic upgrade layout towards emerging internet fields has kicked off and has achieved initial results.

previously, gome financial technology announced the acquisition of cashbox group, a mobile game development and distribution company, and stated at the project launch conference that the acquisition of cashbox aims to actively explore diversified investment development paths, improve the company's investment income level, and help the company implement new strategic development. as of now, gome financial technology's market value has nearly doubled compared to before the acquisition was announced in october last year.

admittedly, the increase in market value is not the "appearance" of listed companies. according to public documents, cashbox's performance in 2023 reached 230 million yuan, an increase of 300% over 2022, which is more than three times the full-year performance level of gome financial technology before the acquisition. on august 20, 2024, gome financial technology released a positive profit forecast, and the company's performance continued to soar in the first half of 2024. it is worth noting that gome financial technology just completed the issuance of new shares and merged cashbox's financial figures on june 21, 2024. as of june 30, it was only a few days after the acquisition of cashbox was completed, and cashbox's operating performance has not yet been reflected in the first half of the year performance data. in the second half of the year, as cashbox's operating performance data is fully incorporated into the listed company, the improvement in full-year performance will be quite imaginative.

the success of cashbox may be one of the phenomena of the vigorous development of the gaming industry. another important news in the gaming industry recently is that the domestic game masterpiece "black myth: wukong" was officially released on august 20. once it was launched, it topped the list of major hot search platforms. on the same day, the huge craze of the game also broke through the circle and "detonated" related concept stocks in the game and media sectors of the capital market, setting off another round of technological heat in the industry. this continuous positive event is tantamount to a shot in the arm for gome, which is actively seeking new strategic development.

"tongtong" reveals the new strategic future of gome

with the official launch of "tongtong", a revolution in the future integration of social and business has quietly begun, and more details of gome's overall strategic upgrade will gradually become clear.

from the successful "first battle" of announcing the acquisition of cashbox and achieving the upgrade of internet strategy, to the series of strategic mergers and acquisitions by gome financial technology, as well as the change of the name of the listed company, all reflect gome's grasp of the opportunities of the times and the industry. the professional team behind it is actively seeking change to create innovative ecological products to embrace the future emerging industry track.

gome has bravely stepped into the third generation of the internet by crossing the traditional business model. every step it takes demonstrates its ambition to seek new strategic development. with the rich technology, brand reputation and supply chain advantages accumulated by the company and its controlling shareholder in the field of internet finance, gome's goal of strategically upgrading its comprehensive internet platform business around the "social + business" ecosystem is already a matter of time.

whether gome financial technology's move can bring more product and business highlights, and whether gome, which is targeting the emerging internet field, can seize a place in the comprehensive internet platform business, its broad imagination space is still worth looking forward to.

(source: financial information)

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