![]() Sales and Marketing expenses as a percentage of total revenue have trended upward as revenues have increased, as the figures below indicate: In Q1 20201, it had 250 million average monthly users with 13.3% of those users paying some form of subscription payment to the company. The company places its app on major mobile app platforms and uses online media to spread information about its service. ![]() Ximalaya has received at least $1.5 billion in equity investment from investors including Xima Holdings, Touch Sound, Xingwang entities, Trustbridge Partner and Image Frame Investment. Management is headed by co-founder, Chairman and CEO Jianjun Yu, who was previously founder of and Shanghai Jietu Software Technology Co.īelow is a brief overview video of Ximalaya: Shanghai, China-based Ximalaya was founded to create an online marketplace for audio content producers and listeners in China. I’ll provide a final opinion when we learn more about the IPO from management. XIMA has grown revenue and gross profit quickly but is generating high and increasing operating losses and hasn’t provided any information on its customer retention metrics. The firm provides an online audio streaming platform for users in China. Ximalaya ( XIMA) has filed to raise $100 million in an IPO of its American Depositary Shares representing underlying Class A shares, according to an F-1 registration statement. It had planned to sell 10.8 million shares between US$17.50 and US$19.50 each.Photo by metamorworks/iStock via Getty Images Quick Take The book closed one day earlier than planned on Wednesday, one of the three sources and a separate person said. The sources declined to be identified as the information has not yet been made public. Chinese companies in need of capital have long headed to the U.S. LinkDoc did not immediately respond to a request for comment. LinkDoc's decision to suspend its 211 million IPO, first reported by Reuters, is likely to be followed by others, analysts said, although they noted that U.S. stock market to tap deep-pocketed investors, raising more than 100 billion in first-time share sales over the past two. Morgan Stanley, Bank of America, and China International Capital Corp Ltd (CICC) were the investment banks on the deal. Morgan Stanley and Bank of America declined to comment, while CICC did not respond to a Reuters request for comment. US capital markets have been a lucrative source of funding for Chinese firms in the past decade, especially for technology companies looking to benchmark their valuations against listed peers there and tap an abundant liquidity pool. ![]() It is the latest Chinese tech company to postpone its US initial public offering plans. Meanwhile, the seven English audiobooks of the Harry Potter series will also go online on Ximalaya on June 21, bringing more choices for listeners. So far this year, a record US$12.5 billion by Chinese firms has been raised from 34 US listings, Refinitiv data shows, well up from the US$1.9 billion from 14 deals in the same period a year ago.Įight Chinese companies including home service platform Daojia Ltd and Atour Lifestyle Holdings have made public filings with the Securities and Exchange Commission (SEC) to list in the US later this year, a review of the filings showed. #Didi chinabased ximalaya linkdoc us ipotimes series# LinkDoc Technology, a medical data solutions provider and Ximalaya, China’s biggest podcast platform. Ximalaya is a popular online audio sharing platform in China. It is the first Chinese firm known to have pulled back from IPO plans since China's cybersecurity regulator toughened its approach to oversight last week with an investigation into ride-hailing giant Didi Global Inc just two days after its New York debut. In 2021, monthly active users reached 268 million. That was soon followed with an order for Didi's app be removed from app stores. #Didi chinabased ximalaya linkdoc us ipotimes series#.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |