Newborn Town (HKG:9911) expects a revenue of between 1.35 billion yuan and 1.4 billion yuan in the first quarter from its social networking business, up 39% to 44% from a year prior, a Thursday Hong Kong bourse filing said.

The volume of accumulative downloads for the business rose by 5.5% to about 820 million as of March 31.

For the first quarter, the social networking business' average monthly active users stood at around 32.8 million, an increase of 3.4% from a year prior.