Core Viewpoint - The online emotional social market in China is rapidly evolving, with significant growth potential as traditional matchmaking methods are being replaced by algorithm-driven platforms [1][2]. Market Overview - China has created the world's largest online emotional social market, with projected revenue of 63.2 billion yuan in 2024 and a compound annual growth rate (CAGR) of 26.6% from 2020 to 2024 [5]. - The online emotional social market's share of the overall online social market in China is expected to increase from 29.5% in 2020 to 35.7% in 2024, with a market size of 22.6 billion yuan by 2024 [5]. Company Profile - MiLian Technology focuses on emotional social networking, offering products like "Yidui" for users around 30 and "Tietie" for users aged 18-30, with a unique three-party video interaction model [6]. - The company also operates internationally with products like HiFami, Chatta, and Seeta targeting diverse user groups in Southeast Asia, the Middle East, North America, and South America [6]. User Engagement - As of the first half of 2025, MiLian Technology reported an average of 9.9 million monthly active users and 2.1 million daily active users, with 1.2 million monthly paying users [6]. - The flagship product "Yidui" leads the industry with an average of 119.6 app launches per month and an average usage time of 8.0 hours, significantly higher than industry averages [6]. Financial Performance - MiLian Technology's revenue for 2022, 2023, and 2024 was 1.052 billion yuan, 1.034 billion yuan, and 2.373 billion yuan, respectively, with profits turning positive in 2024 at 146 million yuan [8]. - In the first half of 2025, the company achieved revenue of 1.917 billion yuan, marking an 85.9% year-on-year increase, with profits reaching 262 million yuan, a 490% increase [9]. Investment Background - MiLian Technology has attracted significant investment, including a series of funding rounds from various investors, with a valuation of approximately 2.76 billion USD (about 19.64 billion yuan) after the B round in 2020 [10]. - The founders control approximately 63.15% of the company's shares through a series of holding companies and family trusts [10].
在线爱情生意爆赚!这家“中国第一”靠990万年轻人,半年收获19亿!
IPO日报·2025-10-10 00:32