Zhewen Internet shifts focus; books losses, plans capital restructuring

** Zhewen Internet (SSE:600986), formerly Keda Group, reported a CY2024 net loss of CNY 157.9 million despite revenues of CNY 7.70 billion, a 28.8% year-over-year decrease. The company is pivoting from brand and effects marketing to prioritize digital culture and technology. The shift coincides with a strategic capital restructuring to ensure its financial well-being.