17 Education & Technology Group (NASDAQ:YQ)

"We operate the largest live streaming platform by revenue in Developed Asia with a market share of 19.2% in the first quarter of 2018, according to Frost & Sullivan. In our home market of Taiwan, which, according to Frost & Sullivan, represented 36.1% of the live streaming market in Developed Asia in 2017, we were ranked number one among all live streaming platforms in terms of revenue with a market share of 38.6% in the first quarter of 2018, more than double that of our closest competitor. Artists located in Taiwan were responsible for 78.1% and 87.8% of live streaming revenue in 2016 and 2017, respectively. We have successfully extended our market leadership in Taiwan to other markets in Developed Asia that have close cultural proximity to Chinese-speaking countries. According to Frost & Sullivan, in the first quarter of 2018, we were number one among all live streaming platforms in Hong Kong by revenue with a market share of 15.3%, we ranked second among all live streaming platforms in Japan by revenue where we increased our market share to 18.6% from 9.6% in the fourth quarter of 2017.

Our live streaming platform, 17 Media, was launched in Taiwan in July 2015. 17 Media had 33.3 million registered users as of March 31, 2018, compared to 32.4 million and 29.3 million as of December 31, 2017 and in December 2016, respectively. 17 Media had 1.0 million average monthly active users in the three months ended March 31, 2018, compared to 1.0 million and 0.9 million in the three months ended December 31, 2017 and in December 2016, respectively. We also operate Paktor, which was launched in Singapore in 2013, and Goodnight, which are our main dating applications. The total number of registered users on our dating applications grew to 14.6 million as of March 31, 2018 from 13.9 million and 11.0 million as of December 31, 2017 and 2016, respectively. Our dating average monthly active users increased to 0.7 million in the three months ended March 31, 2018 from 0.6 million and 0.5 million in the three months ended December 31, 2017 and in December 2016, respectively. We are in the process of integrating our live streaming platform into our online dating applications, and our integrated platform had 47.9 million registered users as of March 31, 2018 and 1.7 million active users in the three months ended March 31, 2018, an increase from 46.3 million registered users as of December 31, 2017 and 1.6 million average monthly active users in the three months ended December 31, 2017."

Source: 2018 F-1