Recently, Himalaya submitted a prospectus to the Hong Kong Stock Exchange, with Goldman Sachs, Morgan Stanley, and CICC as co-sponsors to begin their fourth IPO journey.

According to the prospectus, from 2021 to 2023, the Himalayas achieved revenue of 5.857 billion yuan, 6.61 billion yuan, and 6.163 billion yuan respectively; net profit for the year was -5106 billion yuan, 3.7 billion yuan, and 37.36 billion yuan respectively.

Notably, the total assets of the Himalayas in 2023 were 4.2 billion yuan, but their total liabilities reached 14.4 billion yuan. From 2021 to 2022, the Himalayas continued to have negative net assets of -15.5 billion yuan and -13.8 billion yuan, respectively.

Furthermore, the Himalayas are trying to develop new sources of revenue. As the fastest way to make money right now, the Himalayas are focusing on the lending business.

According to information, as early as 2017, the Himalayas began entering the financial sector with co-branded credit cards. In March of this year, the Himalayas launched the “Listen to Xiaobei Borrow Money” app to channel loans across borders.

According to the structure of the Himalaya App, “Listen to Xiaobei Borrow Money” is a diversion port in the Himalayas and is connected to several online lending platforms. These online lending platforms themselves have formed cooperative relationships with many licensed financial institutions, forming a radial online loan network. The large number of users in the Himalayas has become one of the active sources of customer acquisition for these online lending platforms and institutions.

According to data from Insight Consulting, in terms of total mobile listening time and total online audio revenue in 2023, the Himalaya is the largest online audio platform in China. It has built a platform for content creators and users to connect and interact with each other. Through this platform, it promotes a new lifestyle and provides spiritual food for the whole family.