Soul第四次谋上市！日均活跃用户1100万

Core Viewpoint - Soulgate Inc. (referred to as "Soul") has submitted its application for a public listing on the Hong Kong Stock Exchange, marking its fourth attempt to go public, with plans to use the funds for AI development, global expansion, and content creation [2][10]. Company Overview - Soul operates as an AI-driven immersive social networking platform where users interact through virtual identities (avatars) [6][13]. - The company was established in 2015 and launched its mobile application in 2016, later registering in the Cayman Islands in 2017 [5]. Financial Performance - Soul has achieved stable profitability starting in 2023, with adjusted net profits of 3.61 billion yuan and 3.37 billion yuan projected for 2023 and 2024, respectively [15]. - For the first eight months of 2025, the adjusted net profit reached 286 million yuan, a 72.3% increase compared to the same period in the previous year [15]. - Revenue figures show a compound annual growth rate of over 15%, with projected revenues of 16.67 billion yuan, 18.46 billion yuan, and 22.11 billion yuan for 2022, 2023, and 2024, respectively [14]. User Engagement - As of August 31, 2025, Soul has approximately 390 million registered users, with an average of 11 million daily active users, 78.7% of whom are from Generation Z [14]. - Users spend over 50 minutes daily on the platform, with an 86% interaction rate among monthly active users [14]. Business Model - Soul monetizes through emotional value services and advertising, with users purchasing virtual currency for enhanced experiences [14]. - The advertising business is still a smaller segment of revenue but is part of the overall monetization strategy [14]. Investment and Ownership - Tencent holds a 49.9% stake in Soul as a strategic investor, while other major shareholders include miHoYo, Yuan Sheng Capital, and Morningside Venture Capital [11]. - The company has raised over $310 million through seven rounds of financing since its inception [9].