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2345
Creating a better future for its employees and customers
About 2345
Shanghai 2345 Network Holding Group, which rebranded to Shanghai Stonehill Technology Co., Ltd. in August 2023, is a publicly-traded Chinese internet services company listed on the Shenzhen stock exchange (002195.SZ). The company was originally founded in 2005 and operated as Shanghai Hyron Software Co., Ltd. before a significant transformation. A pivotal moment in its history occurred in 2014 when it acquired 100% of the web directory www.2345.com for $424 million, a move that shifted its focus from software outsourcing to a broader range of IT services. This acquisition was spearheaded by Pang Shengdong, the founder of 2345.com and the social networking site 51.com. Pang, an economics graduate from Ningbo University with a master's from Cheung Kong Graduate School of Business, became the vice chairman and a major shareholder following the deal, joining the ranks of IT billionaires.
Operating primarily within China, the company's business model is multifaceted, generating revenue through internet value-added services, mobile advertising, online gaming, and software outsourcing. Monetization strategies include pay-per-click advertising and subscription-based services for its premium applications. The company's core business revolves around a suite of PC and mobile software products that cumulatively serve over 260 million users. This product lineup includes the 2345 Website Navigation portal, 2345 Explorer browser, 2345 Security Guard, HaoZip compression software, and other utilities like Picture King, input methods, and a mobile assistant. These platforms boast substantial engagement, with average daily page views reportedly exceeding 1 billion.
In recent years, the company has expanded its strategic focus to include artificial intelligence and diversified investments. This includes R&D in brain-like intelligence for evaluating non-organic brain diseases and natural language processing. The investment arm of the business engages in equity investment and financial product investments. The company has seen changes in its controlling shareholders, with Shanghai Yanhe Technology Partnership becoming the controlling shareholder in 2023, and Ye Ke and Fu Yaohua becoming the actual controllers.
Source: Dealroom company dataKnowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| LATE VCOther financing | Aug 2013 | $105M | $418M | ZHEFU Holding Groug | ↗ |
Growth signals
Latest recorded traffic for 2345 is 1.6K monthly website visits, down 38.5% over the last three months. 2345's team declined 0.7% over the past year.
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series B and later1 investor entered at this stage
ZHEFU Holding Groug
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about 2345 on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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