Soul App Files for Hong Kong IPO with Tencent as Major Shareholder
Soul App, a prominent Chinese immersive social platform driven by artificial intelligence, has officially filed an application to list on the Main Board of the Hong Kong Stock Exchange. CITIC Securities serves as the sole sponsor for this initial public offering. The company boasts a robust shareholder structure, with tech giant Tencent holding a significant 49.9 percent stake, alongside other notable investors such as miHoYo, Genesis Capital, and 5Y Capital. According to the filing, the capital raised will be allocated towards advancing AI technologies, facilitating global expansion, growing the user base, investing in content, and covering general corporate needs. Financially, Soul App has demonstrated consistent growth, reporting revenues of approximately RMB 1.68 billion in the first eight months of 2025. The platform achieved profitability in 2023 and recorded adjusted earnings exceeding RMB 330 million in 2024. With around 390 million registered users and 11 million daily active users, predominantly from Generation Z, Soul App ranks first among AI-driven immersive social platforms in China based on retention and engagement metrics.
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Soul App Files for Hong Kong IPO with Tencent as Major Shareholder
Soul App, a prominent Chinese immersive social platform driven by artificial intelligence, has officially filed an application to list on the Main Board of the Hong Kong Stock Exchange. CITIC Securities serves as the sole sponsor for this initial public offering. The company boasts a robust shareholder structure, with tech giant Tencent holding a significant 49.9 percent stake, alongside other notable investors such as miHoYo, Genesis Capital, and 5Y Capital. According to the filing, the capital raised will be allocated towards advancing AI technologies, facilitating global expansion, growing the user base, investing in content, and covering general corporate needs. Financially, Soul App has demonstrated consistent growth, reporting revenues of approximately RMB 1.68 billion in the first eight months of 2025. The platform achieved profitability in 2023 and recorded adjusted earnings exceeding RMB 330 million in 2024. With around 390 million registered users and 11 million daily active users, predominantly from Generation Z, Soul App ranks first among AI-driven immersive social platforms in China based on retention and engagement metrics.
TechNode