Quantum Song was officially listed on the US NASDAQ on the 25th. The stock code “QSG” was issued at $12.50 per ADS (American Depositary Shares). A total of 3.25 million ADS shares were issued, raising a total of US$40.63 million. Assuming that all underwriters exercise their oversubscription options, the total amount raised will reach US$46.72 million. Quantum Song includes various learning platforms such as Qiniu Academy, Lecture of Truth, and Thousand Foot Academy. As of November 30, 2022, the cumulative number of registered users of Quantum Song was about 75.1 million. In the fiscal year ending June 30, 2022, Quantum Song paid users reached 1.1 million, with revenue of 2,868 billion yuan (about 400 million US dollars), an increase of 63% over 1.76 billion yuan in the same period last year, and an adjusted net profit of 58 million yuan.