Quwan.com

About Quwan.com

Quwan, officially Guangzhou Quwan Network Technology Co., Ltd., was established in Guangzhou in December 2014 by founder and CEO Song Ke, a veteran who previously founded and led a game distribution company. The company operates in the game services industry, focusing on providing a social platform for mobile gamers, primarily targeting the "Z-generation" demographic.

The core of Quwan's business is its flagship product, TT语音 (TT Voice), an early entrant in the mobile game social platform space. TT Voice began as a voice tool to help gamers communicate while playing team-based games like "League of Legends" and "PlayerUnknown's Battlegrounds" and has since evolved into a comprehensive game social platform. The platform offers services such as real-time voice chat, game-centric social networking, and matchmaking services to connect players. Its business model centers on generating revenue through value-added services and audio entertainment, where users can purchase virtual items and tip performers, accounting for over 98% of its income.

In addition to its social platform, Quwan has expanded into the esports sector, establishing its own brand, TT Esports, which manages professional teams in top leagues for games like "League of Legends" and "Honor of Kings". The company has also ventured into game distribution and co-publishing. Over the years, Quwan has secured significant funding, including a $100 million Series B round in February 2021 from investors like Matrix Partners and Orchid Asia, followed by a Pre-IPO round in June 2021 involving Tencent Holdings. Despite facing challenges such as a declining user base and increased regulatory scrutiny, the company continues to invest in technology, with a focus on artificial intelligence and the development of virtual digital human technologies.