Yinyu
Social gaming platform for competitive virtual karaoke
About Yinyu
Yinyu, which translates to "Music Meetup", operates a social entertainment app that combines competitive gaming and karaoke. The platform was founded in 2017 and is headquartered in Beijing, China. The app quickly gained popularity, especially in the Chinese market, reaching millions of daily average users within months of its launch. It was reportedly founded by former employees of Bytedance, which also became a significant investor in the startup.
The app's core feature is a game where six users enter a virtual room. They listen to a clip of a popular song sung by another user and must then sing the next verse. An AI judge evaluates the performance, and a winner is crowned after about ten minutes. This model creates a social and competitive experience centered around music. The platform focuses more on entertainment than deep social networking, a strategy similar to other Bytedance-affiliated applications. Users can also send virtual gifts to other players and advance on a leaderboard.
Yinyu's business model appears to be centered on in-app purchases, such as the virtual gifts that users can send to one another. The company operates in the social/platform software industry and was noted as generating revenue by late 2018. It has received venture capital funding from investors including Gaorong Capital and Hongshan Capital Group.
Source: Dealroom company dataAt a glance
- Founded
- 2017
- Headquarters
- Haidian, China
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A1 investor entered at this stage
ByteDance
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
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