Core Viewpoint - The parent company of the popular dating app "Yidui," Milian Technology, has officially submitted its listing application to the Hong Kong Stock Exchange, highlighting its rapid revenue growth and profitability in recent years [1][6]. Company Overview - Milian Technology operates an online emotional social platform with products including Yidui and Tietie in China, and HiFami, Chatta, and Seeta overseas [1]. - The company has a strong backing from notable investors, including Xiaomi and several venture capital firms, which participated in its funding rounds [1][8]. User Engagement and Performance Metrics - As of the six months ending June 30, 2025, Milian Technology reported an average of 9.9 million monthly active users and 2.1 million daily active users for its apps [4]. - Yidui achieved a monthly average usage time of 8.0 hours and a 7-day retention rate of 72.1%, significantly outperforming industry averages [4]. - Tietie, launched in 2022, has an average of 1.7 million monthly active users and a 7-day retention rate of 43.0% [5]. Financial Performance - Milian Technology's revenue has shown significant growth, with a projected increase of over 100% in 2024. The revenues for 2022, 2023, 2024, and the first half of 2025 were reported as 1.052 billion, 1.034 billion, 2.373 billion, and 1.917 billion RMB, respectively [6][7]. - The company recorded losses of 13 million RMB in 2022 and 17 million RMB in 2023, but turned profitable with earnings of 146 million RMB in 2024 and 262 million RMB in the first half of 2025 [6][7]. Market Position - Yidui is positioned as the leading application in China's online emotional social industry, both in terms of user engagement and revenue [4][6]. - The app targets users around the age of 30, focusing on meaningful connections through real-time audio and video interactions [4]. Challenges and Issues - Despite its success, Yidui has faced challenges with fraud cases linked to its platform, prompting the company to enhance its anti-fraud measures and user safety initiatives [2][11][18]. - The company has implemented a comprehensive anti-fraud campaign, utilizing both online and offline strategies to educate users about potential scams [18].

Core Viewpoint - The well-known dating platform, Yidui, under the parent company Miliang Technology, has officially submitted its IPO application to the Hong Kong Stock Exchange, showcasing significant revenue growth and profitability, while also facing challenges related to fraud cases associated with its services [1][4]. Company Overview - Miliang Technology operates several social applications, including Yidui and Tietie in China, and HiFami, Chatta, and Seeta overseas [1]. - The company has achieved rapid revenue growth in recent years, with a notable increase in active users and profitability [3][4]. User Engagement and Performance Metrics - As of June 30, 2025, Miliang 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 [3]. - Yidui leads the Chinese online dating sector with an average monthly usage time of 8.0 hours and a 72.1% seven-day retention rate, significantly outperforming industry averages [3][4]. Financial Performance - Miliang 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 CNY respectively, with a revenue increase of over 100% expected in 2024 [4]. - The company recorded losses of 13 million and 17 million CNY in 2022 and 2023, but turned profitable with earnings of 146 million and 262 million CNY in 2024 and the first half of 2025 [4]. Shareholder Background - Miliang Technology has prominent investors, including Xiaomi and several venture capital firms, with a history of multiple funding rounds since its inception in 2015 [5][7]. Fraud Issues - Despite its success, Yidui has been associated with numerous fraud cases, where users have been scammed through the platform [8][9]. - The company has acknowledged the issue and is actively implementing measures to combat fraud, including a dedicated anti-fraud knowledge section within the app and various awareness campaigns [10].

Core Viewpoint - The well-known dating platform iDui, under the parent company MiLian Technology, has officially submitted its listing application to the Hong Kong Stock Exchange, showcasing significant revenue growth while facing challenges related to fraud cases associated with its services [1][7]. Group 1: Company Overview - MiLian Technology operates several online emotional social platforms, including iDui and TieTie, with a focus on providing high-quality emotional connections for users who may struggle with social interactions [2][3]. - The company has achieved profitability and rapid revenue growth, with a reported revenue of 10.52 billion yuan in 2022, 10.34 billion yuan in 2023, 23.73 billion yuan in 2024, and 19.17 billion yuan in the first half of 2025 [4]. Group 2: User Engagement and Performance Metrics - As of June 30, 2025, iDui reported an average of 9.9 million monthly active users, 2.1 million daily active users, and 1.2 million monthly paying users, indicating strong user engagement [2]. - iDui leads the Chinese online emotional social industry with an average monthly usage time of 8.0 hours and a 7-day retention rate of 72.1%, significantly outperforming industry averages [3]. Group 3: Fraud Issues and Company Response - Despite its success, iDui has been associated with numerous fraud cases, where users have been scammed under the guise of romantic relationships, with reported fraud amounts reaching over 114,000 yuan in some instances [7][8]. - In response to the rising fraud incidents, iDui has implemented measures to enhance user awareness and safety, including a dedicated anti-fraud knowledge section within the app and targeted promotional campaigns during key dates [8].