* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, October 6, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Row K Entertainment Emerges as Major New Hollywood Buyer With Splashy TIFF Shopping Spree – TheWrap

    Row K Entertainment Emerges as Major New Hollywood Buyer With Splashy TIFF Shopping Spree – TheWrap

    Charlie Hunnam Reflects on Playing a Serial Killer in Monster: The Ed Gein Story – Yahoo

    Charlie Hunnam Reveals the Dark Challenges of Playing a Serial Killer in Monster: The Ed Gein Story

    “Reba” cast, then and now: See the stars 24 years later (and who’s reunited for another show) – Yahoo

    “Reba” cast, then and now: See the stars 24 years later (and who’s reunited for another show) – Yahoo

    Why Taylor Swift Name-Dropped Elizabeth Taylor in Her New Album – Yahoo

    Here’s Why Taylor Swift Dropped Elizabeth Taylor’s Name in Her New Album

    Al Roker Gives Olivia Dean an Unexpected ‘New Job’ on the ‘Today’ Show – Yahoo

    Al Roker Shocks Olivia Dean with an Exciting New Role on the ‘Today’ Show

    Books about the arts and some haunts for a Denton October – Denton Record-Chronicle

    Uncover Artistic Treasures and Spooky Adventures to Experience in Denton This October

  • 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
    Forget Cowbells. Cows Wear High-Tech Collars Now. – The New York Times

    Ditch the Cowbells: Discover the High-Tech Collars Transforming Cattle Care

    What the Recent Price Surge Means for Figure Technology Solutions After SEC Settlement – Yahoo Finance

    What the Recent Price Surge Reveals About Figure Technology Solutions Following SEC Settlement

    MAC Brings iPad Technology to Football Sidelines Across All 13 Member Schools – Sports Video Group

    MAC Brings iPad Technology to Football Sidelines Across All 13 Member Schools – Sports Video Group

    Technology Is Becoming More Important Than Humans In CX – No Jitter

    Technology Is Becoming More Important Than Humans In CX – No Jitter

    A Tech Expo Shows What China Can Make, but Not Who’ll Buy It All – The New York Times

    Inside China’s Tech Expo: Cutting-Edge Innovations Face Uncertain Demand

    Steampunk Metal Oval Technology Sense Sunglasses Personality Handmade Chain Multicolor Sunglasses UV400 – The San Joaquin Valley Sun

    Steampunk Metal Oval Sunglasses with Handmade Multicolor Chain – Bold UV400 Protection and Unique Style

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Row K Entertainment Emerges as Major New Hollywood Buyer With Splashy TIFF Shopping Spree – TheWrap

    Row K Entertainment Emerges as Major New Hollywood Buyer With Splashy TIFF Shopping Spree – TheWrap

    Charlie Hunnam Reflects on Playing a Serial Killer in Monster: The Ed Gein Story – Yahoo

    Charlie Hunnam Reveals the Dark Challenges of Playing a Serial Killer in Monster: The Ed Gein Story

    “Reba” cast, then and now: See the stars 24 years later (and who’s reunited for another show) – Yahoo

    “Reba” cast, then and now: See the stars 24 years later (and who’s reunited for another show) – Yahoo

    Why Taylor Swift Name-Dropped Elizabeth Taylor in Her New Album – Yahoo

    Here’s Why Taylor Swift Dropped Elizabeth Taylor’s Name in Her New Album

    Al Roker Gives Olivia Dean an Unexpected ‘New Job’ on the ‘Today’ Show – Yahoo

    Al Roker Shocks Olivia Dean with an Exciting New Role on the ‘Today’ Show

    Books about the arts and some haunts for a Denton October – Denton Record-Chronicle

    Uncover Artistic Treasures and Spooky Adventures to Experience in Denton This October

  • 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
    Forget Cowbells. Cows Wear High-Tech Collars Now. – The New York Times

    Ditch the Cowbells: Discover the High-Tech Collars Transforming Cattle Care

    What the Recent Price Surge Means for Figure Technology Solutions After SEC Settlement – Yahoo Finance

    What the Recent Price Surge Reveals About Figure Technology Solutions Following SEC Settlement

    MAC Brings iPad Technology to Football Sidelines Across All 13 Member Schools – Sports Video Group

    MAC Brings iPad Technology to Football Sidelines Across All 13 Member Schools – Sports Video Group

    Technology Is Becoming More Important Than Humans In CX – No Jitter

    Technology Is Becoming More Important Than Humans In CX – No Jitter

    A Tech Expo Shows What China Can Make, but Not Who’ll Buy It All – The New York Times

    Inside China’s Tech Expo: Cutting-Edge Innovations Face Uncertain Demand

    Steampunk Metal Oval Technology Sense Sunglasses Personality Handmade Chain Multicolor Sunglasses UV400 – The San Joaquin Valley Sun

    Steampunk Metal Oval Sunglasses with Handmade Multicolor Chain – Bold UV400 Protection and Unique Style

    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

World Mental Health Day Festival and gala set for this week in NYC – MSNBC News

World Mental Health Day Festival and gala set for this week in NYC – MSNBC News

October 6, 2025
Green economy means jobs for NJ, report says – NJ Spotlight News

Green economy means jobs for NJ, report says – NJ Spotlight News

October 6, 2025
Row K Entertainment Emerges as Major New Hollywood Buyer With Splashy TIFF Shopping Spree – TheWrap

Row K Entertainment Emerges as Major New Hollywood Buyer With Splashy TIFF Shopping Spree – TheWrap

October 6, 2025
Republicans are holding Americans’ health care hostage — and lying about it – MSNBC News

How Republicans Are Holding Americans’ Health Care Hostage – and Deceiving the Public

October 6, 2025
Irish language: Naomi Long says politicians are playing out ‘culture war’ – BBC

Naomi Long Slams Politicians for Igniting a Divisive ‘Culture War’ Over the Irish Language

October 6, 2025
Air quality speed run – Washington State Department of Ecology (.gov)

Battling Pollution: Washington State’s Urgent Fight for Cleaner Air

October 6, 2025
Equity in science is a beautiful lie — and I’m done pretending – Nature

Equity in science is a beautiful lie — and I’m done pretending – Nature

October 6, 2025
Explore a bird database with 11,500 species – Popular Science

Explore an Incredible Bird Database Showcasing 11,500 Stunning Species

October 6, 2025
South Shore broker funded ‘extravagant lifestyle’ with $11.6 million taken from clients and colleagues, prosecutors say – Boston.com

South Shore broker funded ‘extravagant lifestyle’ with $11.6 million taken from clients and colleagues, prosecutors say – Boston.com

October 6, 2025
QRG Capital Management Inc. Purchases 9,519 Shares of Marvell Technology, Inc. $MRVL – MarketBeat

QRG Capital Management Takes Bold Step by Acquiring 9,519 Shares of Marvell Technology

October 6, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
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 (854)
  • Economy (875)
  • Entertainment (21,749)
  • General (17,446)
  • Health (9,917)
  • Lifestyle (887)
  • News (22,149)
  • People (876)
  • Politics (886)
  • Science (16,085)
  • Sports (21,375)
  • Technology (15,855)
  • World (858)

Recent News

World Mental Health Day Festival and gala set for this week in NYC – MSNBC News

World Mental Health Day Festival and gala set for this week in NYC – MSNBC News

October 6, 2025
Green economy means jobs for NJ, report says – NJ Spotlight News

Green economy means jobs for NJ, report says – NJ Spotlight News

October 6, 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