Shenzhen Lazy Online Technology Co.

, Ltd., Ltd. is known for its audio reading platform that offers a wide array of audiobooks., Ltd. runs ???? (Lazy People Listening to Books), a comprehensive audio reading platform that provides listening services alongside host training and community interaction. The platform features an extensive library of audiobooks across genres, attracting over 300 million registered users, including casual listeners and avid readers.The company generates revenue through a subscription-based model, offering VIP memberships that grant access to premium content. This model supports direct-to-consumer transactions, where users pay a recurring fee for exclusive audiobooks and programs. Collaborations with various publishers further enhance its catalog while generating revenue through licensing agreements., Ltd. plans to leverage the resources of Tencent Music Entertainment Group for future expansion. The company is focused on launching new products that enhance user experience, although specific product details and release dates are not disclosed. Additionally, there are ambitions to expand its market reach beyond mainland China, seeking to tap into emerging markets in Southeast Asia by the end of 2024.7 billion will likely be instrumental in supporting these growth initiatives and enhancing the platform's technological capabilities.

1. Series D

   Aug 7, 2019

   Amount

   Undisclosed

   Investors

   Locked

2. Series C

   Jun 25, 2018

   Amount

   $31M

   Investors

   Locked

3. Series A

   Jan 1, 2012

   Amount

   Undisclosed

   Investors

   Locked

4. Angel

   Aug 1, 2011

   Amount

   Undisclosed

   Investors

   Locked