HUPU
虎扑
HUPU is a Chinese sports community platform whose operator, Shanghai Kuanghui Internet Technology, agreed in early 2025 to be acquired by Xunlei for RMB 500 million in cash—a steep drop from a prior peak valuation of RMB 7.7 billion, though 暗涌Waves argued that headline figure was a misunderstanding of the deal structure . Beyond its core community, HUPU has also been active as an investor in consumer brands: it participated in multiple rounds for men's grooming startup Liran (理然), including a Series B co-led by M31 and 5Y Capital in January 2021 and a follow-on in the B+ round that April .
AI-generated — may contain errors, please verify.
Coverage
Is Hupu Really Worth Only 500 Million After Peaking at 7.7 Billion? That's a Misunderstanding
A Misunderstood Acquisition
暗涌Waves·5Y News | Men's Grooming Brand "理然" (Liran) Closes Nearly 300 Million RMB Series B+ Round
Understanding the real needs of the new generation of male consumers.
五源资本·5Y News | Men's Grooming Brand "理然" Closes Nearly RMB 150 Million Series B Round
The next generation of male consumers is continuously evolving in their grooming and personal-image needs.
五源资本·
