The largest shareholder of Yidian.com is ifeng.com. Ifeng.com owns approximately 46.9% of the shares of Yidian Information, becoming the latter’s largest shareholder.
1. Yidian Information is an information reading APP based on user interests. It claims that the current number of daily active users is close to 6 million. It is an innovation based on the past "search engines" and "recommendation engines".
2. This time, ifeng.com announced that it has signed a stock purchase agreement with Particle, the parent company of Yidian.com, under which ifeng.com will purchase an additional 21% of its shares for a total of US$30 million. At the same time, it also signed a stock purchase agreement with some existing shareholders of Particle to purchase 13.8% of its shares for a total of US$27.6 million. After the completion of the above two transactions, ifeng.com will hold approximately 46.9% of Particle's shares. This investment is also the largest single investment of ifeng.com to date.
3. Yidian has also signed a strategic cooperation agreement with Xiaomi Mobile. All Xiaomi smartphones and tablets will be equipped with Yidian APP to support it. The mobile Internet era has brought about the trend of personalized and accurate reading, and many mobile Internet start-up companies focusing on accurate reading of news information have emerged.
Company Development
1. Yidian Information was founded by former Baidu Vice President Ren Xuyang, former Yahoo China Research Institute Dr. Zheng Zhaohui and others. It was launched around July 2013 Apple and Android app stores. According to the "2014 Mobile Internet Data Report" by TalkingData, the largest independent third-party data service provider in China, Yidian's user coverage increased by 1,950% in 2014, becoming the mobile news application with the fastest growing user coverage. As of May 9, 2015, Yidian Information ranks among the top four mobile information clients. The latest version of the mobile client is v3.6.2.
2. Human beings’ access to information through the Internet has gone through several major stages, from portals, search engines, recommendation engines, and Yidian.com’s world-first “interest engine” can be said to be the fourth stage. "Interest engine" is a re-innovation based on search engines and recommendation engines, and has won a number of international patents. Recommendation engines save users from the tedious search, block other content and only push relevant content, and their knowledge structures are still fragmented; although search engines have a lot of information, they are isolated, unconnected and unchanged; and the "interest engine" of a little information , organically integrates search engines and recommendation engines, and combines the entire network data touched by user search behaviors to continuously learn users’ interests before making recommendations, and users actively “subscribe” to deepen this interest and establish connections between interests. point, between active and passive, making it more efficient and accurate to obtain information.