Core Insights - The article discusses a project called "DeWu Selling Project," which allows individuals to earn money by reselling products from other platforms on DeWu, highlighting its profitability and ease of use for beginners [1][3]. Group 1: Project Overview - The project involves taking products from other platforms and selling them on DeWu, earning the price difference as profit [3]. - A specific example is provided where a pair of shoes purchased for 259 can be sold on DeWu for a profit of 90, resulting in a 30% return [3]. Group 2: Steps to Participate - Step 1: Register for a DeWu account by downloading the app and signing up with a phone number [5]. - Step 2: Apply to become a personal seller on DeWu by completing the necessary information [7]. - Step 3: Register on a price comparison platform called "ShiHuo" to find products with significant price differences [8]. - Step 4: Use ShiHuo to compare prices and identify high-margin products [10]. - Step 5: List the selected products on DeWu by transferring product information from ShiHuo [12]. - Step 6: Follow the shipping process where products are sent to DeWu's warehouse for verification before reaching customers [18]. Group 3: Profitability and Fees - The article outlines potential profits, indicating that selling a product can yield anywhere from dozens to hundreds of dollars [19]. - It also details the fees involved in the selling process, including a 5% technical service fee, 1% transfer fee, and operational service fees, which impact the final profit [15][16].

Core Viewpoint - The article discusses the acquisition of Hupu by Xunlei for 500 million yuan, highlighting the challenges and potential future of the community platform in the context of its financial struggles and cultural identity [3][12][18]. Group 1: Company Background - Hupu was founded by Cheng Hang in Chicago 21 years ago, initially as a basketball forum providing NBA news [2][6]. - The platform has evolved from a niche basketball community to a comprehensive sports portal, integrating various sports and launching an e-commerce platform [9][10]. Group 2: Financial Performance and Valuation - Hupu's valuation peaked at 7.7 billion yuan in 2019 after a 30% stake was sold to ByteDance for 1.26 billion yuan, but has since significantly declined [10][16]. - The company has faced difficulties in monetization, with a single revenue stream primarily from advertising, leading to fluctuating financial performance [15][16]. Group 3: Challenges and Cultural Identity - Hupu's struggle to monetize its predominantly male user base has been a significant factor in its financial woes, with attempts to diversify content often backfiring [10][13][14]. - The platform's identity crisis, oscillating between maintaining its "straight male" culture and attempting to attract a broader audience, has led to user disengagement [14][18]. Group 4: Acquisition and Future Prospects - The acquisition by Xunlei may provide Hupu with the necessary resources to address its copyright issues and technological shortcomings [12][18]. - The integration aims to create a sustainable cultural and commercial ecosystem, with Hupu needing to adapt to survive in a competitive landscape [18][19].

Core Viewpoint - The article discusses the acquisition of the Chinese sports community platform Hupu by Shenzhen Xunlei Network Technology Co., Ltd. for 500 million yuan, highlighting contrasting opinions on its valuation and the challenges it faces in monetization and user engagement [3][4][12]. Group 1: Company Background - Hupu was founded by Cheng Hang in Chicago 21 years ago, initially as a basketball forum called hoopCHINA, and has grown to over 100 million registered users, predominantly male [3][6]. - The platform transitioned from a niche basketball forum to a comprehensive sports portal, integrating various sports and launching an e-commerce platform called "Shihuo" [9][10]. Group 2: Business Challenges - Hupu's business model has been criticized for being overly reliant on advertising and lacking diverse revenue streams, leading to difficulties in monetization [10][14]. - The platform has struggled to secure top-tier sports event broadcasting rights, limiting its competitive edge against larger players in the market [12][14]. - Despite a peak valuation of 7.7 billion yuan in 2019, Hupu has faced declining user engagement and content quality, resulting in a significant drop in its market value [12][14]. Group 3: Acquisition Implications - The acquisition by Xunlei may provide Hupu with the necessary resources to address its technological and financial shortcomings, potentially revitalizing its business model [15]. - The integration aims to leverage the shared user base of predominantly male users who have a strong interest in sports content, creating opportunities for enhanced user engagement and monetization [15]. - Hupu's future success will depend on its ability to evolve from a niche community into a sustainable platform that balances cultural and commercial interests [15].

日后，这个以英文篮筐（hoop）音译命名的中文体育社区"虎扑"，不止一次想在资本市场奋力完成 优雅的一投，却始终未能命中目标。 在成立的第22个年头，此前已两次 折戟IPO 的虎扑，迎来了易主而治的命运拐点。 6月2日，深圳迅雷网络技术有限公司发布公告称，正式完成对虎扑的收购，总现金代价5亿元。在交 易完成前，迅雷已支付4亿元现金，剩余1亿元将在未来两年内分期支付。 交易公布后，市场上有两种截然对立的观点： 虎扑竟然只值5亿？做为一个成熟的内容社区，它的注册用户数超过1亿，其中男性用户占比90%以 上，估值最高曾达到77亿元。 作者 丨吴姿 二十一年前，中国留学生程杭在美国芝加哥就读期间，花260美元租了一个服务器，创建了提供NBA 赛事一手资讯的篮球论坛 hoopCHINA。 5亿之后：虎扑如何为社区文化续命 相反的观点认为，虎扑竟然还值5个亿？毕竟，虎扑创始人程杭自己都说过，"从男性口袋里掏钱很 难"。商业模式单一，是虎扑两次冲击IPO失败的主要原因。 成也直男，败也直男。二十年过去，虎扑始终没能找到和直男的相处之道。 "直男天堂"，赚不到钱 2004年，清华大学毕业后在美国芝加哥继续深造的程杭，抱着和更 ...

Core Viewpoint - The acquisition of Hupu by Xunlei for 5 billion yuan reflects the dramatic decline in Hupu's valuation from 77.22 billion yuan six years ago, highlighting the challenges faced by vertical community platforms in monetization and user engagement [1][2][3] Group 1: Hupu's Decline - Hupu's valuation fell from 77.22 billion yuan at its peak in 2018 to just 5 billion yuan, indicating a significant loss of market confidence [2] - The company's revenue model heavily relied on advertising, which constituted over 90% of its income by 2022, leading to vulnerability during economic downturns [2][4] - User engagement metrics have deteriorated, with daily user time dropping from 35 minutes in 2019 to 22 minutes in 2022, as traditional content formats struggle against the rise of short video platforms [3][4] Group 2: Xunlei's Challenges - Xunlei has reported a 15.3% decline in cloud computing revenue and a shrinking traditional download business, indicating underlying issues despite 11 consecutive quarters of profitability [4] - The company faces a ceiling on user growth, with its member base stagnating at 6.38 million, necessitating new avenues for technological application [4][8] - Xunlei's acquisition of Hupu represents a strategic move to leverage Hupu's user base and content to revitalize its own business model [5][8] Group 3: Potential Synergies - The acquisition is expected to create synergies through technology integration, enhancing Hupu's live streaming capabilities and user experience [6] - Both companies share a similar user demographic, primarily male tech-savvy individuals, which could lead to new business models such as joint memberships and digital collectibles [6] - Combining Xunlei's data analytics with Hupu's community interaction data could improve targeted advertising and user engagement strategies [6] Group 4: Cultural and Market Challenges - User skepticism regarding the acquisition reflects a broader crisis of confidence in Hupu's value, complicating the integration process [7] - The cultural differences between Xunlei's technology-driven approach and Hupu's content-focused ethos pose challenges for effective collaboration [7] - The competitive landscape is intensifying, with major players like Tencent and ByteDance advancing in the digital sports arena, putting additional pressure on the success of the acquisition [9]