Sources ximalaya linkdoc us5/1/2023 Ximalaya FM leads investment in Himalaya Media – Variety In a sense, Ximalaya is like the Apple Podcast in China.The cookie is used to store the user consent for the cookies in the category "Performance". During its paid content event 123 Knowledge in November 2017, the company’s sales of paid content reached ¥196 million ( 29.5 million), quadrupling the number in 2016. The company claimed in June 2017 that its average revenue per user (ARPU) has crossed 13.5 (¥ 90). What happened: China’s largest audio service platform Ximalaya FM has led a round of investment worth $100 million into San Francisco-based podcasting startup Himalaya Media. The startup will continue to operate independently but will have access to Ximalaya FM’s technology and resources, Himalaya Media told the Variety. However, from conversations TechNode had with Himalaya Media and Ximalaya staff in 2018, the actual relationship between the two companies is unclear. Among the resources that Himalaya wants to integrate is a tipping feature that allows users to support shows with cash gifts, something that has long existed in Ximalaya FM’s app. Why it’s important: This is Ximalaya FM’s first investment outside of China and one of its largest investments. Diante dos possíveis efeitos da remoção do aplicativo Didi, Chinese Companies Keep, Ximalaya e LinkDoc cancelam planos de IPO nos EUA. The audio giant reports that it has 400 million app downloads and was valued at RMB 24 billion (around $3.4 billion) in August 2018, according to KrAsia. Nvidia rumored to launch RTX 4090 first, RTX 4080 and RTX 4070 to observe. The investment in the San Francisco-based startup marks an increased push from the audio platform to extend its reach beyond China, where it wants to bring a Chinese-business model into the well-developed podcasting industry in the US and perhaps trial its in-app features.It will make a final decision about the listing venue within the next two weeks, they added. The CAC and Ximalaya did not respond to requests for comment. Shanghai-based Ximalaya, which filed publicly for the U.S. IPO in late April, has started pre-marketing the float since early May and looked to raise about $500 million, said two of the sources. The potential change of venue comes as China further tightens its ideological grip on private media and internet businesses amid China-U.S. tensions.Ĭhina's ruling Communist Party (CCP) has long maintained a tight grip over ideology and propaganda, especially over state media which it can use to assert its authority. "Domestic regulators have become more uncomfortable with Chinese media, content firms which operate in the country and obtain voluminous user data, but are incorporated offshore and now seek overseas listings," one of the sources said.Īnother of the sources said that the Ximalaya move also comes amid Beijing's growing concerns that U.S. regulators will potentially gain greater access to audit documents of Chinese companies listed in New York, notably those that involve massive user or national data. securities regulator began a rollout of rules that would exclude foreign companies from U.S. exchanges if they do not comply with U.S. "The CAC thought Hong Kong would be better for ideological platforms such as Ximalaya," said a third person. Goldman Sachs (GS.N) and Bank of America (BAC.N),two underwriters on Ximalaya's IPO, declined to comment. The other underwriters Morgan Stanley (MS.N) and CICC (3908.HK) did not respond to requests for comment. The Yangzhou-based medical device maker filed a preliminary prospectus with. Ximalaya had about 250 million monthly active users, nearly a fifth of China's population, in the first quarter of 2021, according to its IPO prospectus. as well as podcast platform Ximalaya, to call off their U.S. It offers users a platform to access free or paid content from roughly 5.2 million professional or amateur content creators. #CHINABASED XIMALAYA LINKDOC PROFESSIONAL# #CHINABASED XIMALAYA LINKDOC PROFESSIONAL#.
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