CTK - CTK STOCK NEWS

Smillage, a game studio backed by CooTek (CTK), announced its recent success with games like Catwalk Beauty and Hotties Up. Focusing on a closed-loop publishing service, Smillage aids game developers with essential accounts and creative resources, tackling obstacles in launching games outside China. Enhanced support includes instructional content and a semi-automated testing platform that reduces testing time to two hours. The company's comprehensive services enable developers to optimize their products effectively, enhancing growth potential and return on investment.

CooTek (Cayman) Inc. announces that its casual game, Hotties Up, has achieved a top 3 ranking on the US iOS game chart. Developed by Wrap Drive and published by Smillage, this game showcases the successful collaboration between Chinese developers and Smillage, which provided flexible support not typically found in traditional publishing. Hotties Up saw notable improvements in performance after two rounds of optimization, with a cost per install of $0.28 and a 38% retention rate. The game’s rapid transition from demo to publishing reflects a successful marketing strategy.

The hyper-casual game Hotties Up, published by Smillage and invested in by CooTek (Cayman) Inc. (CTK), climbed to the top three in the US iOS game rankings shortly after its release. This achievement signifies Smillage's successful transition into game publishing, following the launch of several popular titles, including Catwalk Beauty and Truth Runner. The game features parkour mechanics combined with a dress-up element, catering to Generation Z female players, enhancing Smillage's portfolio in the competitive mobile gaming market.

CooTek (Cayman) Inc. (NYSE: CTK) announced a collaboration between its online literature platform, Fengdu Novel, and Tencent Video's Mars Project. This partnership aims to adapt selected high-quality romance novels into micro dramas. The initiative reflects the growing demand for mini-series scripts and enhances Fengdu Novel's content ecology. The company has introduced new mechanisms for IP commercialization and secured partnerships throughout the content chain, leading to significant growth in its IP content business in the third quarter. A recent campaign targeting male and female protagonists has also increased user engagement.

CooTek (Cayman) Inc. (NYSE: CTK) announced a long-term plan to develop a metaverse focusing on female gamers, leveraging its expertise in mobile games and online literature. The Shanghai-based game studio, Lejiu, is creating a semi-open adventure virtual game aimed at the 1.2 billion female players globally. This initiative capitalizes on the shifting demographics in gaming, where female players now represent 45% of the market. CooTek aims to provide an immersive experience that blends gaming with social interactions and commerce through NFTs.

CooTek (Cayman) Inc. (NYSE: CTK) announced receiving a compliance notification from the NYSE on December 6, 2021, due to its American depositary shares (ADSs) trading below $1.00 for 30 consecutive trading days. To regain compliance, CooTek must elevate its closing share price and average share price above $1.00 within the next six months. Failure to do so will result in delisting procedures. The company intends to monitor market conditions and explore options for compliance.

CooTek (Cayman) Inc. (NYSE: CTK) reported its third-quarter 2021 financial results, revealing net revenues of US$51.1 million, a 52% decrease year-over-year. Gross profit fell 58% to US$42.0 million, with a gross margin of 82.2%. The company reported a net loss of US$0.4 million, improved from US$22.0 million the previous year. Active users declined, with DAUs at 18.7 million and MAUs at 57.2 million, down 32% and 40%, respectively. Emphasis was placed on enhancing overseas mobile games and online literature markets.

CooTek (NYSE: CTK) announced plans to develop a new metaverse ecosystem that combines online literature and mobile games, presented by Chief Strategy Officer Zhaowen Zhou at the Xueqiu Investor Conference on December 3, 2021. The initiative aims to create immersive, interactive digital content, allowing users to engage with stories and characters through games. CooTek’s strategy leverages its successful Fengdu Novel platform and popular games to enhance user experience and expand globally. The company aims to partner with more content creators to strengthen its overseas presence in the evolving entertainment landscape.