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- Lianshang Literature
Lianshang Literature Valuation, Funding & Investors
Lianshang Literature is valued at $1B as of December 2018.
Last Lianshang Literature valuation
$1B
Series A · Dec 2018
Last Lianshang Literature funding round
$20M
Series A · Dec 2018
Cumulative funding Lianshang Literature raised
$20M
across 1 funding round
Key investors in Lianshang Literature
HOPU Investment Management Company
Lianshang Literature Overview
About Lianshang Literature
Lianshang Literature is an online platform dedicated to novel reading, hosting a vast library of digital literature content.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Valuation
$1B (Dec 2018)
Sectors
Lianshang Literature Valuation
Lianshang Literature is currently valued at $1B, based on its Series A in December 2018.
The $20M round was led by HOPU Investment Management Company.
Lianshang Literature valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Dec 2018 | Series A | $1B |
Lianshang Literature Funding History
Lianshang Literature has raised a total of $20M across 1 funding round.
Lianshang Literature funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2018 | Series A | HOPU Investment Management Company (lead) | $20M | $1B | Lianshang Literature is a China-based online literature platform that operates in the digital reading and content sector, focusing on web novels and related media. It gained unicorn status through a funding round led by HOPU Investment Management Company, a private equity firm, around late December 2018, with an undisclosed investment amount at a $1 billion post-money valuation, as reported in corporate venturing deal summaries and unicorn lists. This Series A investment positioned Lianshang among high-valued Asian tech firms, reflecting investor confidence in China's booming online literature market. The round from HOPU, confirmed as the lead investor, aligned with Lianshang's growth trajectory, following its own investments such as an undisclosed sum into MangaToon, a mobile reading app for manga and comics, in October 2018. Lianshang operated in a market with peers like other Chinese unicorns in edtech and logistics, but its niche in literature highlighted demand for IP adaptation into films, games, and anime. |
Who has invested in Lianshang Literature?
1 investor has backed Lianshang Literature across its funding rounds, including HOPU Investment Management Company.
Lead investors include HOPU Investment Management Company.
Lianshang Literature Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 Lianshang Literature investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Lianshang Literature
Lianshang Literature has acquired 1 company to date.
Last acquisition by Lianshang Literature was on May 17th 2019. Lianshang Literature acquired Manman app for undisclosed valuation.
Latest Acquisitions by Lianshang Literature
| Description | Manman app is a Beijing-founded mobile platform in 2017 hosting over 980 original comics, including 315 exclusives. With 14 million registered users and 3 million monthly actives, the service monetizes through subscriptions, ads, and rewards, distributing titles across genres via iOS and Android apps. |
| HQ Country | |
| HQ City | Beijing |
| Deal Date | 17 May 2019 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Lianshang Literature acquisitions and their M&A valuation multiples. Start Free Trial | |
Lianshang Literature Competitors
Lianshang Literature competitors include listed companies like Taboola, Shanghai Ganglian and USA TODAY, and private ones like DXY, Red Ventures and Yidian Zixun.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $1.9B | $121M | $993M | 0.5x | ||
| Publicly listed | $11B | $75M | $942M | - | ||
| Publicly listed | $2.3B | $262M | $928M | 0.9x |
Lianshang Literature Public Comps
Lianshang Literature is still privately-owned, but its public comps include Taboola, Shanghai Ganglian, USA TODAY, Trustpilot Group, Inmyshow Digital, New Guomai Digital, Alma Media, Better Collective, Webtoon and Weathernews.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.9B | $121M | 0.5x | 0.5x | 8.4x | 4.5x | |||
| $11B | $75M | 0.0x | - | 4.9x | - | |||
| $2.3B | $262M | 0.8x | 0.9x | 7.5x | 7.2x | |||
| $261M | $27M | 4.3x | 3.8x | 42.0x | 22.6x | |||
| $582M | $22M | 2.0x | 1.9x | 54.7x | - | |||
| $271M | $8M | 4.0x | - | 131.5x | - | |||
| $377M | $110M | 3.8x | 3.7x | 13.1x | 11.6x | |||
| $388M | $100M | 2.5x | 2.4x | 9.8x | 7.7x | |||
This data is available for Pro users. Sign up to see all Lianshang Literature competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Lianshang Literature
| When was Lianshang Literature founded? | Lianshang Literature was founded in 2017. |
| Where is Lianshang Literature headquartered? | Lianshang Literature is headquartered in Shanghai, China. |
| Is Lianshang Literature publicly listed? | No, Lianshang Literature is a private, VC-backed company. |
| What is Lianshang Literature's valuation? | Lianshang Literature was last valued at $1B in its Series A in December 2018. |
| How much funding has Lianshang Literature raised? | Lianshang Literature has raised $20M across 1 funding round. |
| What was Lianshang Literature's last funding round? | Lianshang Literature's last funding round was a $20M Series A in December 2018, led by HOPU Investment Management Company. |
| Who are Lianshang Literature's investors? | Lianshang Literature's investors include HOPU Investment Management Company. |
| Which companies are comparable to Lianshang Literature? | Companies comparable to Lianshang Literature include DXY, Red Ventures, Yidian Zixun, Taboola, Shanghai Ganglian and USA TODAY. |
| How many companies has Lianshang Literature acquired? | Lianshang Literature has acquired 1 company, including Manman app. |
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