# Duokan.com

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/duokan-com

- Industry: Media
- Headquarters: Beijing, China
- Website: www.duokan.com
- Total disclosed funding: $10M
- Latest round: Series A (Oct 1, 2012)
- Investors on record: 3

## About

Duokan.com is a digital reading platform that provides a comprehensive library of eBooks, designed to enhance the reading experience through its innovative application and personalized features.Founded in 2010 in Beijing, China, Duokan.com operates as a digital reading platform offering a wide range of eBooks. The company has not undergone any notable pivots in its business strategy. Chuan Wang, the founder and current CEO, has a history in the tech industry, although specific previous ventures are not mentioned. Duokan.com has secured a total funding amount of USD 10.00 mn, with its latest funding round being a Series A raised in November 2012. The company was involved in 3 deals, with the most recent deal occurring on November 13, 2012, where Xiaomi, backed by multiple venture capital firms, acquired Duokan.com.Duokan.com operates as a digital reading platform offering a vast library of best-selling eBooks, aimed at providing readers with a seamless reading experience. The core product is its eBook reading application, which allows users to access a wide range of titles spanning various genres, including fiction, non-fiction, and educational materials. The platform also offers features such as personalized recommendations, bookmarking, and note-taking capabilities to enhance user engagement and facilitate a comprehensive reading experience. Targeting millions of readers, Duokan primarily serves consumers seeking accessible digital literature, focusing on markets in China and Southeast Asia. The company's offerings have been tailored to the needs of avid readers who prefer the convenience of digital formats over traditional print media.Duokan.com generates revenue primarily through a subscription model that grants users access to its extensive eBook library. Customers can select from various subscription plans that enable unlimited reading of available titles, fostering ongoing engagement and retention. Additionally, the company may engage in partnerships with publishers and authors to facilitate the distribution of new releases, further expanding its catalog. The pricing structure for subscriptions is designed to appeal to a broad audience, encouraging both casual readers and enthusiasts to explore the platform. This model is supplemented by potential sales of individual eBooks, allowing users the option of purchasing specific titles without committing to a subscription.Duokan.com plans to leverage its recent funding to enhance its platform and expand its offerings. The company is focusing on the development of new features and products aimed at enriching the user experience. Specific plans for market expansion have not been detailed; however, the ongoing investment from the Series A round is expected to support its growth initiatives. In November 2012, Duokan.com was acquired by Xiaomi, which may influence future strategic directions and market entry.

## Funding rounds

- Series A, Oct 1, 2012, $10M — 5Y Capital, Shunwei Capital, ZhenFund

## Investors

- 5Y Capital (https://capitalatlas.ai/funds/5y-capital) — Series A
- Shunwei Capital (https://capitalatlas.ai/funds/shunwei-capital) — Series A
- ZhenFund (https://capitalatlas.ai/funds/zhenfund) — Series A