E-reader devices like Kindle seem to be outdated as not many people actually use them. But surprisingly, many hardware makers and content providers in China are investing in this particular line of business.
Known as China’s first PLG (product-led growth) unicorn, Lanhu was launched in January 2017 by Beijing Jinwei Zhiguang Information Technology Co., Ltd. It has completed its series C+ round financing upon raising one billion yuan in October 2021.
After an in-depth investigation by TMTPost, suppliers to the app were surfaced. And it looks that the architecture, not the firewall, is the culprit for the breakdowns.
Matchmaking platforms that still indulge themselves in the traditional matchmaking business model have not only lost their edge among young users but also failed to keep up with the industry.