# Shanghai Ruoyou Network Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shanghai-ruoyou-network-technology-co

- Industry: Internet
- Headquarters: Hangzhou, China
- Website: www.okjike.com
- Total disclosed funding: $40M
- Latest round: Series C (Jul 1, 2018)
- Investors on record: 6

## About

Shanghai Ruoyou Network Technology Co., Ltd. operates the ??App, a mobile application focusing on personalized content delivery and social networking, effectively engaging users through tailored digital experiences.Founded in 2014 in Hangzhou, China, Shanghai Ruoyou Network Technology Co., Ltd. specializes in mobile applications, notably the ??App. The company's founder and CEO, Xidong Ye, has a history of entrepreneurship, although details on previous ventures are not specified. The firm has successfully completed a total of 6 deals, with its latest funding round being a Series C raising USD 10.00 mn from Sequoia Capital, bringing the total amount raised to USD 10.00 mn and setting the current company valuation at USD 300.00 mn.??App primarily offers a mobile application designed to enhance user engagement through personalized content delivery and social networking features. The app enables users to create, share, and discover content tailored to their interests. Key functionalities include real-time updates, community interaction, and a recommendation engine that curates content for individual users, targeting primarily a younger audience in urban areas of Asia. The app also collaborates with content creators and influencers to strengthen connections between brands and users.??App generates revenue primarily through a subscription model and partnerships with brands for promotional content. Users can access premium features at defined pricing tiers, and the app also works with various businesses to provide sponsored content and advertising opportunities. This model creates a symbiotic relationship, allowing brands to reach a highly engaged audience while providing users with exclusive content and promotions. The app's ability to leverage user engagement metrics is key to attracting and maintaining partnerships, ensuring a steady revenue stream from both direct subscriptions and brand collaborations.Shanghai Ruoyou Network Technology Co., Ltd. plans to utilize the recent funding from Enspire Capital to further develop its offerings, including designing new product features aimed at enhancing user experience. The company is also targeting expansion into additional markets, focusing on regions where digital connectivity is growing. Specific details on the timeline for these expansions or new product introductions have not been disclosed, but the strategic investments aim to solidify the app's position in the competitive landscape.

## Funding rounds

- Series C, Jul 1, 2018, $10M — Hong Shan
- Series C, Feb 9, 2018, $30M — Tencent Investment
- Series B, May 15, 2016 — Tencent Investment, Vertex Ventures China
- Series A, Jan 31, 2016 — BAI Capital
- Angel, Jun 29, 2015 — Ping An Trust, ZhenFund

## Investors

- Ping An Trust — Angel
- ZhenFund (https://capitalatlas.ai/funds/zhenfund) — Angel
- BAI Capital (https://capitalatlas.ai/funds/bai-capital) — Series A
- Tencent Investment — Series B, Series C
- Vertex Ventures China (https://capitalatlas.ai/funds/vertex-ventures-china) — Series B
- Hong Shan — Series C