Core Insights - The online emotional social market in China is rapidly expanding at a compound annual growth rate (CAGR) of 23.8%, but faces challenges in building genuine user trust while maintaining growth [1] - MiLian Technology has reported revenue of 1.917 billion yuan for the first half of 2025 and has submitted its prospectus for a listing on the Hong Kong Stock Exchange [1] - The company has established a dual protection system of "technology prevention + value guidance" to prioritize user safety over commercial interests, setting a new standard for fraud prevention in the emotional social industry [1] Group 1: Safety and Compliance - MiLian Technology's platform, iDui, has maintained a record of zero administrative penalties since its launch, highlighting its commitment to safety and compliance as essential for sustainable development [2] - The company has implemented a comprehensive safety protection system that combines AI-driven monitoring with human inspections, achieving real-time risk alerts and rapid response capabilities [2] - iDui publishes a monthly "Net Clean Monthly Report" to update its fraud speech database, continuously enhancing its fraud prevention capabilities [2] Group 2: Collaborative Governance - MiLian Technology has established deep collaborations with local public security agencies, conducting innovative promotional activities such as "anti-fraud live broadcasts" and "anti-fraud Q&A," reaching over ten million users [3] - The platform has set up police workstations to facilitate rapid response to security incidents, extending safety measures to the regulatory front [3] - This collaborative governance model enhances the platform's safety capabilities and fosters an open, transparent governance ecosystem [3] Group 3: Long-term Strategy and Investment - MiLian Technology's long-term vision was solidified in 2020 when it brought in the People's Daily Cultural Industry Fund as a strategic investor, alongside other notable investors like Xiaomi Technology and Shunwei Capital [4] - The involvement of the People's Daily Cultural Industry Fund helps the platform navigate complex regulatory environments while prioritizing user safety and social value creation [5] - As of June 30, 2025, iDui achieved an average monthly usage time of 8.0 hours per active user and a 7-day retention rate of 72.1%, ranking first in China's online emotional social industry [5]