Core Viewpoint - Soulgate Inc. (Soul) is seeking to go public for the fourth time, having submitted an application for a mainboard listing on the Hong Kong Stock Exchange, with Tencent holding a 49.9% stake in the company and Soul achieving stable profitability starting in 2023 [2][4]. Company Overview - Soul operates as an AI+ immersive social networking platform where all users interact through virtual identities (avatars), providing a unique online social experience [3]. - The company was founded in 2015 and launched its mobile application in 2016, registering in the Cayman Islands in 2017 [3]. - Soul has undergone seven rounds of financing since its inception, raising over $310 million, with significant investments from Tencent and other major stakeholders [3][4]. Financial Performance - Soul achieved a revenue of 1.667 billion yuan in 2022, 1.846 billion yuan in 2023, and is projected to reach 2.211 billion yuan in 2024, with a compound annual growth rate exceeding 15% [6]. - In the first eight months of 2025, Soul reported a revenue of 1.683 billion yuan, marking a 17.86% increase compared to the same period in 2024 [6]. - The company reported adjusted net profits of 361 million yuan in 2023 and 337 million yuan in 2024, with an adjusted net profit of 286 million yuan in the first eight months of 2025, reflecting a 72.3% increase year-on-year [7]. User Engagement - As of August 31, 2025, Soul had approximately 390 million registered users, with an average of 11 million daily active users, 78.7% of whom are from Generation Z [6]. - Users spend over 50 minutes daily on the platform, with an 86% monthly active user interaction rate and an 80% retention rate over three months [6]. - Soul monetizes through emotional value services and advertising, with users purchasing virtual goods and services, while advertising remains a smaller portion of revenue [6].
Soul第四次谋上市！日均活跃用户1100万
Guo Ji Jin Rong Bao·2025-12-01 03:08