Ximalaya raises another 4 billion yuan to list in Hong Kong? Official: The rumor is untrue.

On August 13, in response to the news that Ximalaya completed a new round of financing of 4 billion yuan and will officially land on the Hong Kong Stock Exchange in the second half of 2019, Ximalaya responded that the financing news is not true and the IPO details The time has not been set yet.

Ximalaya FM completed Series A financing of US$11.5 million and Series B financing of US$50 million in 2014. At the end of 2015, Himalaya announced that it had completed the dismantling of its VIE structure and planned a domestic IPO.

On June 13, 2016, City Media announced that the company’s board of directors agreed to sign a limited partnership agreement with Qianhai Xingwang, investing 60 million yuan as a limited partner to indirectly invest in Shanghai Stock Exchange through investment funds. Great Himalaya Network Technology Co., Ltd. (referred to as "Ximalaya"). It is expected that after completing this round of financing, the company's investment proportion will account for approximately 1.45% of Himalaya's equity. This means that Himalaya has completed Series C financing.

On May 24 this year, there were reports that Himalaya had regained its VIE structure and planned to list in Hong Kong. Regarding this market rumor, although Himalaya clearly denied to Tencent's "First Line" that it has no IPO plan, it did not give clear information about shareholders investing in US dollar funds and re-establishing a VIE structure. And if City Media’s investment in US dollar funds is indeed an investment in Himalaya, it may mean that Himalaya, which dismantled its VIE structure at the end of 2015, is once again re-planning its listing path.

According to data provided by Ximalaya’s official website, currently, there are more than 470 million mobile phone users of the audio sharing platform Ximalaya FM, and more than 30 million car, smart hardware and smart home users. At the same time, Ximalaya FM also has more than 35 million overseas users. At present, the valuation of Himalaya Company has exceeded 20 billion yuan, and its market value has increased 1,000 times in 5 years.