知名恋爱平台递表港交所！业绩大增之下，婚诈“难言之隐”待解丨港美股看台·IPO观察

Core Viewpoint - The article discusses the recent IPO filing of MiLian Technology, the parent company of the dating app "Yidui," highlighting its rapid growth, profitability, and the challenges it faces, particularly regarding fraud cases associated with its platform [1][2][10]. Group 1: Company Overview - MiLian Technology operates several dating and social apps, including Yidui and Tietie in China, and HiFami, Chatta, and Seeta overseas [1]. - The company has seen significant revenue growth, with its main income sources being Yidui and Tietie, achieving profitability in recent years [2][10]. - MiLian Technology's flagship app, Yidui, launched in 2017, focuses on meaningful connections through real-time audio and video interactions, targeting users around 30 years old in China [8]. Group 2: User Engagement and Performance Metrics - As of the first half of 2025, Yidui reported an average of 9.9 million monthly active users, 2.1 million daily active users, and 1.2 million monthly paying users [8]. - Yidui's average monthly usage time per active user is 8.0 hours, with a 7-day retention rate of 72.1%, both significantly higher than industry averages [8]. - Tietie, launched in 2022, targets users aged 18 to 30 and reported an average of 1.7 million monthly active users with a 7-day retention rate of 43.0% [9]. Group 3: Financial Performance - MiLian Technology's revenue figures for 2022, 2023, 2024, and the first half of 2025 were 1.052 billion, 1.034 billion, 2.373 billion, and 1.917 billion RMB, respectively [11]. - The company recorded losses of 0.13 billion and 0.17 billion RMB in 2022 and 2023, but achieved profits of 1.46 billion and 2.62 billion RMB in 2024 and the first half of 2025 [11]. Group 4: Fraud Issues - Despite its success, Yidui has been associated with numerous fraud cases, where users have been scammed through the platform [3][17]. - Specific cases include individuals using false identities to establish relationships and subsequently defraud victims of significant amounts of money, with one case totaling over 114,000 RMB [18][20]. - In response to the rising fraud incidents, Yidui has implemented measures to enhance user safety and awareness, including a dedicated section for fraud prevention on its app [27].