Youxin Funding, Investors & Competitors

Meta is the largest social media company in the world, boasting close to 4 billion monthly active users worldwide. The firm's "Family of Apps," its core business, consists of Facebook, Instagram, Messenger, and WhatsApp. End users can leverage these applications for a variety of different purposes, from keeping in touch with friends to following celebrities and running digital businesses for free. Meta packages customer data, gleaned from its application ecosystem and sells ads to digital advertisers. While the firm has been investing heavily in its Reality Labs business, it remains a very small part of Meta’s overall sales.

Tencent is the world's largest game publisher, with top-grossing mobile hits like Honor of Kings and Peacekeeper Elite and a steady pipeline of new titles. It also operates WeChat-China's super-app with roughly 1.3 billion users-embedded in daily life for messaging, short video, mini programs, payments, and shopping. Beyond its own platforms, Tencent is a prolific strategic investor, holding stakes in leading internet companies such as PDD, Kuaishou, and Xiaohongshu.

ByteDance is a Chinese multinational technology company founded in 2012 and headquartered in Beijing, best known as the developer of TikTok — the short-form video platform with over one billion active users globally — as well as its Chinese equivalent Douyin. The company operates a broad portfolio of content and information platforms powered by proprietary AI-driven recommendation algorithms, including the news aggregator Toutiao, the productivity suite Lark, the video editor CapCut, and the online education platform Feishu. ByteDance is one of the world's most valuable private companies and operates across more than 150 markets, employing over 100,000 people worldwide.

Telegram is a cloud-based instant messaging platform supporting text, voice, video calls, file sharing up to 2GB, and channels for broadcasts to unlimited subscribers. Available on iOS, Android, Windows, macOS, and Linux, it offers end-to-end encrypted Secret Chats, self-destructing messages, and bot APIs for automation. Telegram operates servers in multiple data centers worldwide, serving users across 200 countries with synchronization across unlimited devices.

Reddit is a social media platform where users can engage in conversations, explore, and create communities centered around their interests. Founded in 2005 by Steve Huffman and Alexis Ohanian, Reddit has evolved into a vast network of user-generated content organized into specialized forums known as "subreddits." The platform's unique community-driven model relies on volunteer moderators to manage content and maintain subreddit guidelines. Reddit generates revenue through advertising, Premium Memberships, and data licensing agreements.

LY is a leading Japanese internet services conglomerate. Its main services are Yahoo Japan, the oldest portal site in Japan that offers a wide variety of services, such as news, e-commerce, financial information, and Line, a national messenger application. In 2019, the company acquired Zozo, a leading online apparel retailer, to grow its e-commerce business. In 2022, LY consolidated with its wholly owned subsidiary PayPay, the most popular QR code payment service in Japan.

Naver has been the leading search portal in South Korea for many years. The company has also been evolving into an internet platform providing a variety of internet services, such as news, a dictionary, maps, digital comic content, social networking, e-commerce, videos, fintech services based on online payments, and Cloud services. Naver was also the incubator of Line Yahoo, the leading mobile messaging app in Japan, Taiwan, Thailand, and Indonesia, which merged with Z Holdings (Yahoo Japan), with Naver now owning 32.5% of the merged entity renamed LY.

Xiaohongshu is a Shanghai-headquartered content-sharing platform founded in 2013. Community members post lifestyle experiences in fashion, beauty, travel, and shopping via text, images, and videos in a note-based format. Evolved from a guide for overseas shopping assistance into a comprehensive hub for product insights and recommendations with integrated e-commerce capabilities.

Kuaishou Technology is a social media platform where users create, watch, and share short-form videos. Approximately half of the company’s revenue comes from advertising. Additionally, Kuaishou generates revenue through livestreaming, where fans purchase virtual gifts to tip hosts. The platform also features livestreaming e-commerce, enabling users to buy products showcased in videos, with Kuaishou earning a commission on each transaction. Kuaishou’s primary competitors are ByteDance’s Douyin and Tencent’s Video Accounts. Notably, Tencent owns a 16% stake in Kuaishou.

Discord is a voice, video, and text communication platform originally built for gamers, now serving communities in music, education, and hobbies. The service supports servers with channels, screen sharing, and mobile apps. San Francisco-headquartered Discord, launched in 2015, hosts millions of daily active users worldwide.

Kakao Corp is a technology and platform company engaged in digital services, content, mobility, and financial technology businesses. The company operates through seven reportable segments. The Kakao segment provides advertising and platform-based service offerings. The Kakao Games segment covers game development, publishing, and related services. The Kakao Entertainment segment focuses on entertainment planning and content production, and distribution. Kakao Mobility offers database-based information provision services, while Kakao Pay provides mobile platform-based financial services. Kakao Piccoma operates a platform for webtoon and web-novel supply, and the SM Entertainment segment engages in entertainment planning and content production.

Pinterest is a social media platform with a focus on product and idea discovery. Pinterest users, or pinners, can leverage the platform as they go about gathering ideas on topics such as home improvement, fashion, cooking, and travel. The company has more than 500 million monthly active users, two thirds of whom are female. Pinterest generates revenue by selling digital ads on its platform. While the platform’s user base spans the globe, the vast majority of its revenue stems from ads shown to North American users.

Match Group Inc is a provider of online dating products. The company's portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK, and more, each built to increase its user's likelihood of connecting with others. The company has four operating segments: Tinder, Hinge, Evergreen and Emerging, and Match Group Asia. The company generates the majority of its revenue from the Tinder segment.

Snap is a technology company best known for its marquis social media application. Snapchat, a visual messaging application that has amassed hundreds of millions of users. The app was initially only used to communicate with family and friends through photographs and short videos (known as "Snaps"). Users can now enjoy augmented reality, or AR, lenses, content from famous creators and celebrities, updates about local events, and more. Although the app offers a paid subscription option with premium features, advertising sales produce most of the app’s revenue. The firm also sells wearable devices called AR Spectacles, which can capture photos and videos overlayed with AR lenses, but these make up a small portion of Snap’s overall sales.

Kakao Japan is a Tokyo-based subsidiary of Kakao Corp that promotes KakaoTalk messaging app and related services in the Japanese market. It develops localized features for voice calls, stickers, and group chats, competing with Line through integrations with Kakao Pay for remittances and Kakao Music for J-pop streaming. Kakao Japan collaborates with local telecoms like NTT Docomo, expanding user base via manga partnerships and event promotions since its establishment in 2011.

ShareChat is a Bengaluru-headquartered Indian social media platform offering content in 15 vernacular languages including Hindi, Tamil, and Bengali. Founded in 2015, it reaches 180 million monthly active users with short videos, live streaming, and creator tools. Backed by Google and Temasek, ShareChat acquired Moj in 2020 and operates data centers in Mumbai for low-latency delivery.

Doximity Inc is a digital platform for U.S. medical professionals. The cloud-based platform provides members with tools specifically built for medical professionals, enabling them to collaborate with their colleagues, securely coordinate patient care, conduct virtual patient visits, stay up-to-date with the latest medical news and research, and manage their careers and on-call schedules.

Medlinker is a Shenzhen-based digital health platform connecting over 1.5 million Chinese physicians through social networking, case discussions, and quizzes. The app serves 5,000 hospitals with knowledge sharing, anonymous forums, and industry news for specialties like internal medicine. Listed on Hong Kong Stock Exchange in 2022, Medlinker reaches 300 million patients via telemedicine. Founded in 2014, it employs 2,000 staff.