Soul, Chinese Metaverse Dating App, Vies for HK Listing
Posted on July 5, 2022
FINANCIAL TIMES – Tencent-backed social media app Soul uses avatars instead of pictures and connects people using algorithms. The app is vying for a listing in Hong Kong after abruptly pulling a plan to sell shares in the US last year. Soul's owner Soulgate filed paperwork in Hong Kong this week revealing the company had racked up a loss of Rmb1.3bn ($194M) last year. Still, it has attracted Tencent, which bought a 49.9% stake in the company. The app lets users pick avatars and interact in the metaverse, with many of its 32M users flocking to its app for dating
