Ximalaya

Shanghai, China Media & Entertainment Acquired

Ximalaya is a leading Chinese online audio platform providing audiobooks, podcasts, radio shows, learning content, and live streaming. The platform operates on a freemium model with paid subscriptions, advertisements, and live broadcast revenue streams. Ximalaya serves approximately 300 million monthly active users and hosts content from over 5 million creators across 101 content categories.

Acquired

Ximalaya has been acquired

Acquired by Tencent Music Entertainment Group June 10, 2025 $2.9 billion

This company is no longer available on our private secondary market.

Overview

Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Founded

2012

Employees

919–2,637

Total Funding

$701.5M

6 rounds

Latest Valuation

$5B

2021

Funding

Total raised $701.5M across 6 rounds

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Last updated 06-25-2026

Latest Round

Type

Pre-IPO E+

Date

2021

Amount

Not disclosed

Valuation

$5B

Lead Investors

Not disclosed
DateRoundAmount RaisedValuationLead Investors
2021 Pre-IPO E+ Not disclosed $5B Not disclosed
August 13, 2018 Series E $580M $3.48B Tencent, General Atlantic
September 2017 Series D Not disclosed $1.52B Tencent, General Atlantic

Funding by Round

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Valuation Trajectory

Valuation indexed to 1.0× at the selected entry round. Valuation marks are estimates and may contain errors. Hover each dot to compare.

If you invested at:
1x 2x 2018 2019 2020 2021 Ximalaya

Entry · Series D

$1.5B

Sep 2017

Ximalaya today

$5B

Jan 2021 · latest mark

Ximalaya multiple

3.3x

valuation uplift since first round

Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.

Prominent Investors

Morgan Stanley Goldman Sachs

Leadership

  • Yu Jianjun

    Founder and CEO

  • Chen Xiaoyu

    Founder

  • Seaman Yu

    Founder and CEO

  • Li Haibo

    Founder

Competitors

Competitor list is illustrative and may be incomplete, stale, or erroneous.

  • NetEase Cloud Music

    Chinese music streaming and audio platform with podcast and audiobook offerings

  • QQ Music

    Tencent-owned music and audio streaming service in China

  • KuGou Music

    Chinese music streaming platform with audio and podcast content

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Data collected with AI, which can make mistakes. Please double-check this information.