知名恋爱平台递表港交所：业绩大增之下，婚诈“难言之隐”待解

Core Viewpoint - The parent company of the popular dating app "Yidui," Milian Technology, has officially submitted its listing application to the Hong Kong Stock Exchange, highlighting its rapid revenue growth and profitability in recent years [1][6]. Company Overview - Milian Technology operates an online emotional social platform with products including Yidui and Tietie in China, and HiFami, Chatta, and Seeta overseas [1]. - The company has a strong backing from notable investors, including Xiaomi and several venture capital firms, which participated in its funding rounds [1][8]. User Engagement and Performance Metrics - As of the six months ending June 30, 2025, Milian Technology reported an average of 9.9 million monthly active users and 2.1 million daily active users for its apps [4]. - Yidui achieved a monthly average usage time of 8.0 hours and a 7-day retention rate of 72.1%, significantly outperforming industry averages [4]. - Tietie, launched in 2022, has an average of 1.7 million monthly active users and a 7-day retention rate of 43.0% [5]. Financial Performance - Milian Technology's revenue has shown significant growth, with a projected increase of over 100% in 2024. The revenues for 2022, 2023, 2024, and the first half of 2025 were reported as 1.052 billion, 1.034 billion, 2.373 billion, and 1.917 billion RMB, respectively [6][7]. - The company recorded losses of 13 million RMB in 2022 and 17 million RMB in 2023, but turned profitable with earnings of 146 million RMB in 2024 and 262 million RMB in the first half of 2025 [6][7]. Market Position - Yidui is positioned as the leading application in China's online emotional social industry, both in terms of user engagement and revenue [4][6]. - The app targets users around the age of 30, focusing on meaningful connections through real-time audio and video interactions [4]. Challenges and Issues - Despite its success, Yidui has faced challenges with fraud cases linked to its platform, prompting the company to enhance its anti-fraud measures and user safety initiatives [2][11][18]. - The company has implemented a comprehensive anti-fraud campaign, utilizing both online and offline strategies to educate users about potential scams [18].