Sells online audio entertainment and AI application tools to users.
20-F for FY2025, filed Apr 30, 2026
Users add virtual currency to their accounts and spend it on virtual items; subscribers pay upfront for access to AI tools or podcast content, while advertisers pay for ads displayed over an agreed period.
20-F for FY2025, filed Apr 30, 2026The Group is principally engaged in operating its own live streaming platform, which enable hosts and users to interact with each other.…View ↗
The Group provides users certain subscription services which entitle paying subscribers access to engage AI application tools or listen to…View ↗
The receipt of subscription fee is initially recorded as deferred revenue. The Group satisfies its performance obligation by providing…View ↗
The Group generates advertisement revenues from rendering various forms of advertisement services by way of advertisement display on its…View ↗
CNY 3.1B
20-F for FY2025, filed Apr 30, 2026
CNY 3.1B ↗| Segment | Share | Revenue |
|---|---|---|
|
Value Added Service
|
99% |
Value Added Service, FY2025
CNY 3.1B Sources
|
|
Subscription And Other
|
1.5% |
Subscription And Other, FY2025
CNY 46.3M Sources
|
Users buy virtual items and subscribe to AI tools or podcast content on the company’s platforms; advertisers and advertising agencies buy display advertising on its live-streaming platform.
20-F for FY2025, filed Apr 30, 2026The Group is principally engaged in operating its own live streaming platform, which enable hosts and users to interact with each other.…View ↗
The Group evaluates and determines that it is the principal and views users to be its customers. The Group reports value-added service…View ↗
The Group provides users certain subscription services which entitle paying subscribers access to engage AI application tools or listen to…View ↗
The Group generates advertisement revenues from rendering various forms of advertisement services by way of advertisement display on its…View ↗
Growing. Revenue grew 46% in 4 years, from CNY 2.1B in FY2021 to CNY 3.1B in FY2025, about 10% a year.
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