* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, June 27, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Susquehanna Raises Penn Entertainment Inc. (PENN) Price Target. – Yahoo Finance

    Susquehanna Raises Price Target for Penn Entertainment Inc. (PENN)

    George Lopez is coming to Spokane – KXLY.com

    George Lopez is coming to Spokane – KXLY.com

    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

    ‘Puttin’ on the Ritz’: Civic Players bring ‘Young Frankenstein’ to life – Yahoo

    Civic Players Deliver a Hilarious and Unforgettable Performance of ‘Young Frankenstein

    ‘Wheel of Fortune’: Amputee Wins $60,000 After Breaking Incredible ‘Curse’ – Hastings Tribune

    Wheel of Fortune’ Amputee Breaks Incredible ‘Curse’ to Win $60,000!

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    North Star Sports & Entertainment Network: Coming soon – KTTC News

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    St. Francis Medical Center brings advanced robotic surgery technology to Northeast Louisiana – KNOE

    St. Francis Medical Center brings advanced robotic surgery technology to Northeast Louisiana – KNOE

    Wayve Expands Engineering Leadership to Power Next-Gen Autonomous Driving Technology – Silicon Canals

    Wayve Boosts Engineering Leadership to Accelerate Next-Gen Autonomous Driving Innovation

    Frontdoor Announces Tech Expert Dr. Bala Ganesh as Chief Technology Officer – Business Wire

    Frontdoor Appoints Tech Visionary Dr. Bala Ganesh as New Chief Technology Officer

    Defense technology giant Northrop Grumman to host interviews in Iuka to fill technician roles – supertalk.fm

    Defense technology giant Northrop Grumman to host interviews in Iuka to fill technician roles – supertalk.fm

    China’s Military Introduces Mosquito-Sized Drones: A Game-Changing Surveillance Technology – Indian Defence Review

    China Unveils Mosquito-Sized Drones: Revolutionizing Surveillance Technology

    Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

    Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Susquehanna Raises Penn Entertainment Inc. (PENN) Price Target. – Yahoo Finance

    Susquehanna Raises Price Target for Penn Entertainment Inc. (PENN)

    George Lopez is coming to Spokane – KXLY.com

    George Lopez is coming to Spokane – KXLY.com

    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

    ‘Puttin’ on the Ritz’: Civic Players bring ‘Young Frankenstein’ to life – Yahoo

    Civic Players Deliver a Hilarious and Unforgettable Performance of ‘Young Frankenstein

    ‘Wheel of Fortune’: Amputee Wins $60,000 After Breaking Incredible ‘Curse’ – Hastings Tribune

    Wheel of Fortune’ Amputee Breaks Incredible ‘Curse’ to Win $60,000!

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    North Star Sports & Entertainment Network: Coming soon – KTTC News

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    St. Francis Medical Center brings advanced robotic surgery technology to Northeast Louisiana – KNOE

    St. Francis Medical Center brings advanced robotic surgery technology to Northeast Louisiana – KNOE

    Wayve Expands Engineering Leadership to Power Next-Gen Autonomous Driving Technology – Silicon Canals

    Wayve Boosts Engineering Leadership to Accelerate Next-Gen Autonomous Driving Innovation

    Frontdoor Announces Tech Expert Dr. Bala Ganesh as Chief Technology Officer – Business Wire

    Frontdoor Appoints Tech Visionary Dr. Bala Ganesh as New Chief Technology Officer

    Defense technology giant Northrop Grumman to host interviews in Iuka to fill technician roles – supertalk.fm

    Defense technology giant Northrop Grumman to host interviews in Iuka to fill technician roles – supertalk.fm

    China’s Military Introduces Mosquito-Sized Drones: A Game-Changing Surveillance Technology – Indian Defence Review

    China Unveils Mosquito-Sized Drones: Revolutionizing Surveillance Technology

    Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

    Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Technology

The Chinese Online Audio Platform Ximalaya Restarts IPO

April 17, 2024
in Technology
The Chinese Online Audio Platform Ximalaya Restarts IPO
Share on FacebookShare on Twitter

Two years later, the Chinese online audio platform Ximalaya restarts its IPO.

On April 12, Ximalaya submitted its Kapbook to The Stock Exchange of Hong Kong. Goldman Sachs, Morgan Stanley, and CICC are the joint sponsors. According to the latest Kapbook, Ximalaya’s revenue in 2023 was 61.6 billion yuan, with an adjusted net profit of 2.24 billion yuan.

Ximalaya’s path to seeking listing has been quite tortuous, with several IPO applications submitted before. On May 1, 2021, Ximalaya submitted an IPO application to the United States. In the same year, according to Reuters, Ximalaya has withdrawn its plan for a US IPO. On September 13, 2021, Ximalaya submitted its Kapbook for listing on the Hong Kong Stock Exchange; on March 29, 2022, Ximalaya updated its Kapbook to comply with the requirements of updating data and information as per the rules of the Hong Kong Stock Exchange.

According to the Kapbook, Tencent, China Literature Limited, Xiaomi, TAL Education Group, and Sony Music are strategic investors in Ximalaya. The main financial investors include American Pan-Atlantic Investment Group, Trustbridge Partners, Goldman Sachs, Xingwang Investment, CCV, China Internet Investment Fund, Shanghai Cultural Industry Development Investment Fund and Jiaxing Xiuzhou Jinkong.

Currently, Ximalaya’s sources of revenue include subscriptions, advertising, live broadcasts, and other innovative products and services.

This company, which has been established for over ten years, has accumulated a large number of users in the ‘ear economy’, which is the foundation of its revenue. In 2023, Ximalaya’s average monthly active users across all scenarios reached 303 million, with an average monthly active mobile users reaching 133 million.

However, in the context of internet traffic reaching its peak, Ximalaya is also facing a crisis of slowing user growth.

In 2021, Ximalaya’s average monthly active users across all platforms were 268 million, with a year-on-year growth rate of 24.4%. By 2023, this growth rate is expected to drop to only 3.9%. Additionally, compared to 2022, the pay rates for average monthly active paying users and members on mobile platforms are slightly lower in 2023. The company explained that this is mainly due to a shift in strategic focus towards attracting and retaining higher-value customers while strengthening the sustainable development of products with greater monetization potential.

The latest Kapbook disclosed the operating situation of Ximalaya for the full year 2023. The revenue of Ximalaya in 2021, 2022, and 2023 were respectively RMB 58.6 billion, RMB 60.6 billion, and RMB 61.6 billion; with gross profit margins of 54%, 51.9%, and 56.3% respectively. The adjusted net profits for the years of 2021, 2022, and 2023 were -RMB7.18 billion, -RMB2.96 billion, and RMB2.24 billion respectively.

In terms of revenue structure, in 2023, Ximalaya’s revenue from subscription services was 3.189 billion yuan, revenue from advertising services was 1.423 billion yuan, revenue from live broadcasts was 1.13 billion yuan, and revenue from other innovative products and services was 418 million yuan.

Subscription revenue is the core business of Ximalaya. In 2021, 2022, and 2023, subscription revenue accounted for over 50% of total revenue.

Revenue from advertising is the second largest source of income for Ximalaya. Over the past three years, the proportion of advertising revenue to total revenue has been respectively at 25.4%, 24.2%, and 23.1%.

The revenue of Ximalaya’s live broadcasting service mainly comes from the sales of consumable virtual gifts and items. In 2021, 2022, and 2023, this part of the revenue accounted for 17.1%, 19.1%, and 18.4% of the total revenue respectively.

In the past two years, Ximalaya has also explored innovative businesses. In 2021, 2022, and 2023, the revenue generated by other innovative products and services from Ximalaya accounted for 6.4%, 5.9%, and 6.8% of total revenue.

This part of the income refers to income from various other channels, including sales of self-developed IoT devices, IP derivative cultural products, customized audio services, e-commerce, and audio-to-text transcription (converting popular audio albums into published books).

In fact, in the past few years, Ximalaya’s business model has not undergone significant changes. The company is also vigorously investing in podcasting business to expand more content types and monetization methods, but the contribution of innovative businesses remains stable and small. Profitability is mainly benefited from cost reduction – the company explained in its Kapbook how profitability can be improved through methods such as expanding user base and enhancing monetization capabilities; optimizing cost structure to increase gross profit margin and improve operational efficiency.

SEE ALSO: Audio Platform Ximalaya Plans to Be Profitable by End of Year

Specifically, Ximalaya has reduced the proportion of costs to total revenue to 23.4%. This portion of revenue consists of payments made by the content platform to creators and third-party IPs, with IP being particularly important at Ximalaya. In addition, various expenses at Ximalaya have decreased as a percentage of total revenue.

As of December 31, 2023, Ximalaya held cash and cash equivalents of 717 million yuan.

Overall, the recent Hong Kong stock market has shown signs of recovery. China Citic Securities released a research report on April 12 stating that Hong Kong-listed technology internet companies are expected to see valuation recovery. For Ximalaya, although the company is currently profitable, both the audio market and its user base are no longer growing rapidly. As Ximalaya strives to “land,” it urgently needs to prove its future potential.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Pandaily – https://pandaily.com/the-chinese-online-audio-platform-ximalaya-restarts-ipo/

Tags: ChineseOnlinetechnology
Previous Post

Nvidia’s Robotic Strengths Spell Blissful Uncertainty for Chinese Firms

Next Post

BYD Fang Cheng Bao Releases New Model Bao 8 SUV

St. Francis Medical Center brings advanced robotic surgery technology to Northeast Louisiana – KNOE

St. Francis Medical Center brings advanced robotic surgery technology to Northeast Louisiana – KNOE

June 27, 2025
NBA Draft 2025: Did the Hornets reach for Kon Knueppel? And why the Spurs did the right thing with Dylan Harper – Yahoo Sports

NBA Draft 2025: Did the Hornets Overreach for Kon Knueppel? Why the Spurs’ Pick of Dylan Harper Was a Brilliant Move

June 27, 2025
Fossil evidence of proboscidean frugivory and its lasting impact on South American ecosystems – Nature

Fossil evidence of proboscidean frugivory and its lasting impact on South American ecosystems – Nature

June 27, 2025
Distrust in public-health institutions is not just an American problem – The Economist

Distrust in public-health institutions is not just an American problem – The Economist

June 27, 2025
Cuts to federal science spending will cost every American – University of California

Cuts to federal science spending will cost every American – University of California

June 27, 2025
CCTA Bests CV Risk Scores for Bolstering Lifestyle Changes, Medication Uptake – TCTMD.com

CCTA Bests CV Risk Scores for Bolstering Lifestyle Changes, Medication Uptake – TCTMD.com

June 27, 2025
TIFF announces first wave of World Premieres! – TIFF – Toronto International Film Festival

TIFF announces first wave of World Premieres! – TIFF – Toronto International Film Festival

June 27, 2025
With no end to war in sight, Ukraine’s economy teeters on the edge – The Washington Post

Ukraine’s Economy on the Edge as Conflict Shows No End in Sight

June 27, 2025
A typical workday for freelancer Ashley Abramson – Association of Health Care Journalists

A Day in the Life of Freelancer Ashley Abramson: Inside Her Dynamic Workday

June 27, 2025
‘This is not a luxury’: Families in Trump states agonize over GOP’s proposed Medicaid cuts – CNN

Families in Trump States Face Hardship Amid GOP’s Push for Major Medicaid Cuts

June 27, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (699)
  • Economy (719)
  • Entertainment (21,613)
  • General (15,586)
  • Health (9,758)
  • Lifestyle (724)
  • News (22,149)
  • People (721)
  • Politics (726)
  • Science (15,937)
  • Sports (21,216)
  • Technology (15,704)
  • World (699)

Recent News

St. Francis Medical Center brings advanced robotic surgery technology to Northeast Louisiana – KNOE

St. Francis Medical Center brings advanced robotic surgery technology to Northeast Louisiana – KNOE

June 27, 2025
NBA Draft 2025: Did the Hornets reach for Kon Knueppel? And why the Spurs did the right thing with Dylan Harper – Yahoo Sports

NBA Draft 2025: Did the Hornets Overreach for Kon Knueppel? Why the Spurs’ Pick of Dylan Harper Was a Brilliant Move

June 27, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version