Snowball Finance ("Xueqiu")'s estimated revenue for 2024 is $10M.
What does Snowball Finance ("Xueqiu") do?
Snowball (in Chinese: 雪球; XueQiu), a social network and information portal for investors in China, has secured a US$40 million series C round of funding led by Renren (NYSE:RENN) with participation from Sequoia China and Morningside.
Xueqiu is now one of the most popular financial social networks among Chinese investors in China. It has attracted a large number of professionals in financial sector to contribute financial analysis reports. The company raised Series B funding of US$10 million last year and US$3.2 million in Series A in 2011. Xueqiu's main site allows investors to examine data across US, Hong Kong, and Chinese stock markets, along with several bonds, funds, trusts, and Bitcoin. Users can get alerts, news bulletins, and price changes. They can also follow other investors and communicate with them. Xueqiu apps are available for iOS and Android.
With this latest investment, Xueqiu will work toward a broker system that will allow members to buy and sell stocks on its website and apps.
Xueqiu has grown by 26.7% in the last 6 months according to SimilarWeb.
How do people interact with Xueqiu?
Last month, Xueqiu received 19M visitors who spent an average of 10.0 minutes on the website and visited 4.0 different pages per session. Overall, 40% of people bounce on the first visit.
How do people find Xueqiu?
13M people (67%) visit Xueqiu directly. 5.6M (29%) people search for them in Google. Whereas, 145.9k (1%) discover Xueqiu through Facebook, Reddit, and YouTube. 60.4k (0%) visitors come from Xueqiu's email newsletters. Finally, 6.1k (0.0%) people come from affiliates and or paid referrals.
Who uses Xueqiu?
Xueqiu's top market is the China and they receive 17M (87.8%) people.
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