The Zhitong Finance App learned that Chizicheng Technology (09911) rose by more than 10% and rose 10.31% at press time to HK$2.89, with a turnover of HK$19.12 million.
According to reports, the company launched MICO, a live streaming social networking platform in 2014. This product is also one of the first live streaming social platforms in China to go overseas. By 2018, this product had become a leading platform in the Middle East, North Africa and Southeast Asia markets with its expansion strength and first-mover advantage. Following MICO, Akazicheng launched the voice social networking platform YoHo in 2018, and launched the companion dating platform SuGo and the multiplayer social networking platform TopTop in the past two years, continuing to enrich the company's pan-crowd social networking product matrix.
According to Frost & Sullivan's forecast, the compound annual growth rate of social media from 2021 to 2024 is expected to reach 15.1%. It is a huge market worth more than 2 trillion yuan, and there are many opportunities for racetrack segmentation. Among them, the types of open social networking applications include but are not limited to dating, audio social networking, video social networking, live streaming social networking, game social networking, etc. According to Frost & Sullivan's predictions, the growth rate of voice and video social networking is higher than the overall growth rate of the social networking market, and these are the two most widespread social models in open social networking.