【Red Child City 9911】Middle East and North Africa operations accounted for 60% of last year's total revenue. Red Child City Technology: Iran conflict has not affected the company's operations.

SocialAnxietyStaker · 2026-03-29T13:19:27+00:00

Chukong Technologies (09911) reported that Middle East and North Africa operations account for 60% of revenue, mainly concentrated in Saudi Arabia and the United Arab Emirates, unaffected by the Iran conflict. The company will consider acquiring social media businesses in Japan and Europe in the future. Chukong is actively expanding into the overseas short drama market and has established a global headquarters in Hong Kong, focusing on AI research and development and financial settlement.

SocialAnxietyStaker

2026-03-29 13:19:27

Abstract generation in progress

Dating app SUGO and social game TopTop parent company Zicheng Technology (09911) have released their latest performance results. Last year, Middle East and North Africa business revenue accounted for 60% of total revenue. Senior Vice President Song Pengliang said that the Middle East business is concentrated in Saudi Arabia and the UAE, and the Iran conflict has not affected the company’s operations.

Song Pengliang joked that, compared with other markets, the Middle East region is not as “close-knit,” and local people have more leisure time in their daily lives, so demand for emotional value products is naturally higher.

Zicheng previously acquired the dating platform MICO. When asked about the company’s future acquisition direction, Song Pengliang said there will be opportunities for M&A involving social or innovative businesses in the Japan and Europe markets, and the company is inclined to carry out such deals using its own cash.

In recent years, Zicheng has been actively expanding into overseas short dramas. In 2025, it acquired Playlet for $6 million. Zicheng’s Senior Vice President Song Pengliang said that, compared with the mainland market, the overseas short-drama market started later, but it is still in a blue-ocean stage with significant growth potential. Therefore, the company chose to enter the track at this time.

About 20 employees at the Hong Kong headquarters
Focused on AI R&D and fund settlement

In addition, last year Zicheng entered Hong Kong Science Park under the name of its subsidiary, Solo X Technology, and established a global headquarters in Hong Kong. Chief Operating Officer Li Yongjie said that, currently, there are about 20-plus employees in Hong Kong, mainly focusing on AI R&D and fund settlement.

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