Core Insights - Miliang Technology Co., Ltd. has submitted an application for a mainboard listing on the Hong Kong Stock Exchange, focusing on its online emotional social platform operations [1] - The flagship product, "Yidui," targets users around 30 years old in mainland China and has generated significant revenue, contributing nearly 80% of the company's total income [2][3] - The company reported total revenue of 1.917 billion RMB for the first half of 2025, with a user base of 9.9 million monthly active users [4][5] Revenue and User Metrics - As of the first half of 2025, Miliang Technology's total revenue reached 1.917 billion RMB, with "Yidui" alone generating 1.5 billion RMB [2][4] - The average monthly active users reached 9.9 million, with 2.1 million daily active users and 1.2 million monthly paying users [4] - The average usage time for "Yidui" users is 8.0 hours per month, with a seven-day retention rate of 72.1%, both leading in the online emotional social industry in China [4] Cost Structure and Profitability - The company's operating costs primarily consist of revenue-sharing fees, which accounted for 56.7%, 54.4%, and 50.5% of total revenue in 2023, 2024, and the first half of 2025, respectively [3] - Miliang Technology reported a loss of 0.17 billion RMB in 2023 but is projected to achieve profits of 0.146 billion RMB and 0.262 billion RMB in 2024 and the first half of 2025 [5] - Sales and marketing expenses increased significantly from 298 million RMB in 2023 to 654 million RMB in 2024 due to heightened advertising efforts [5] Product and Service Offerings - Miliang Technology operates several applications, including "Tietie," "HiFami," "Chatta," and "Seeta," targeting various demographics across different regions [4] - The revenue model is primarily based on value-added services, including virtual goods, interactive features, and membership subscriptions [3] - The company is developing AI companion applications to provide scalable, personalized emotional support to users [5] Leadership and Compensation - The founders, Ren Zhe and Zhu Xiaopu, have seen their compensation increase significantly from 5.49 million RMB in 2022 to over 6.4 million RMB in 2024 [6] - Ren Zhe serves as the Chairman and CEO, while Zhu Xiaopu is the COO, both having extensive backgrounds in technology and management [6] Funding and Valuation - Miliang Technology has completed four rounds of financing, with notable investors including Xiaomi and BlueRun Ventures, achieving a valuation of approximately 276 million USD (about 1.967 billion RMB) after the B round in 2020 [7]
半年揽入近20亿，帮人找对象有多赚钱？
3 6 Ke·2025-10-15 10:33