About iDreamSky
iDreamSky is a company based in Shenzhen (China) founded in 2009. It operates as a Freemium. iDreamSky has raised $27 million across 5 funding rounds from investors including Tencent, Prometheus Capital and Redpoint Ventures. The company has 852 employees as of December 31, 2024. iDreamSky has completed 1 acquisition, including Rumble Entertainment. iDreamSky offers products and services including Legendary Store and Strinova (KaraBihu). iDreamSky operates in a competitive market with competitors including Carry1st, Tilting Point, Kongregate, TapNation and Crazy Labs, among others.
- Headquarter Shenzhen, China
- Employees 852 as on 31 Dec, 2024
- Stage Public
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Idreamsky Technology Holdings Limited
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Annual Revenue
$211.16 M (USD)-22.5as on Dec 31, 2024
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Net Profit
$-73.83 M (USD)6.73as on Dec 31, 2024
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EBITDA
$1.66 M (USD)-94.61as on Dec 31, 2024
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Total Equity Funding
$27 M (USD)
in 5 rounds
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Latest Funding Round
$30 M (USD), Post-IPO
Nov 27, 2019
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Investors
Tencent
& 3 more
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Employee Count
852
as on Dec 31, 2024
- Investments & Acquisitions
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IPO & Listings of iDreamSky
iDreamSky is a publicly listed company on the HKEX with ticker symbol 1119 in Hong Kong, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of iDreamSky
iDreamSky offers a comprehensive portfolio of products and services, including Legendary Store and Strinova (KaraBihu). The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A simulation management game with innovative gameplay features.
A global shooting game with transformative battlefield mechanics.
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Funding Insights of iDreamSky
iDreamSky has successfully raised a total of $27M across 5 strategic funding rounds. The most recent funding activity was a Post-IPO round of $30 million completed in November 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Post-IPO — $30.0M
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First Round
First Round
(01 Jun 2011)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2019 | Amount | Post-IPO - iDreamSky | Valuation |
investors |
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| Jan, 2014 | Amount | Series B - iDreamSky | Valuation |
investors |
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| May, 2012 | Amount | Series B - iDreamSky | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in iDreamSky
iDreamSky has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Tencent, Prometheus Capital and Redpoint Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Family office of Wang Jianlin and Wang Sicong
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Founded Year | Domain | Location | |
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Redpoint Ventures is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Venture Capital firm focused on multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by iDreamSky
iDreamSky has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Rumble Entertainment. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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MMORPG games are developed for mobile and social platforms.
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - iDreamSky
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Idreamsky Comparisons
Competitors of iDreamSky
iDreamSky operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Carry1st, Tilting Point, Kongregate, TapNation and Crazy Labs, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Mobile games are published and developed by Carry1st.
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| domain | founded_year | HQ Location |
Mobile games are published and supported by Tilting Point.
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| domain | founded_year | HQ Location |
Video games are published via a web-based gaming platform.
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| domain | founded_year | HQ Location |
Developers are assisted in mobile game publishing and growth strategies.
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| domain | founded_year | HQ Location |
Casual mobile games are published online by Crazy Labs.
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| domain | founded_year | HQ Location |
Multi-genre mobile games are published for the Arabic market.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Idreamsky
Frequently Asked Questions about iDreamSky
When was iDreamSky founded?
iDreamSky was founded in 2009 and raised its 1st funding round 2 years after it was founded.
Where is iDreamSky located?
iDreamSky is headquartered in Shenzhen, China. It is registered at Shenzhen, Guangdong, China.
Is iDreamSky a funded company?
iDreamSky is a funded company, having raised a total of $27M across 5 funding rounds to date. The company's 1st funding round was a Series B of $10M, raised on Jun 01, 2011.
How many employees does iDreamSky have?
As of Dec 31, 2024, the latest employee count at iDreamSky is 852.
What is the annual revenue of iDreamSky?
Annual revenue of iDreamSky is $211.16M as on Dec 31, 2024.
What does iDreamSky do?
Shenzhen iDreamSky Technology Co., Ltd., operating as iDreamSky, is engaged in the development and distribution of mobile and PC games. The company operates within the technology and gaming sector, offering a range of products like simulation management and shooting games. Solutions are provided to global markets including North America, Europe, and Asia, with a focus on enhancing user engagement through creative content. Collaborations with industry leaders like Tencent Cloud for AI-driven game development are also pursued to improve研发 efficiency.
Who are the top competitors of iDreamSky?
iDreamSky's top competitors include Carry1st, Tilting Point and Supersonic.
What products or services does iDreamSky offer?
iDreamSky offers Legendary Store and Strinova (KaraBihu).
Is iDreamSky publicly traded?
Yes, iDreamSky is publicly traded on HKEX under the ticker symbol 1119.
How many acquisitions has iDreamSky made?
iDreamSky has made 1 acquisition, including Rumble Entertainment.
Who are iDreamSky's investors?
iDreamSky has 4 investors. Key investors include Tencent, Prometheus Capital, Redpoint Ventures, and Legend Capital.
What is iDreamSky's ticker symbol?
The ticker symbol of iDreamSky is 1119 on HKEX.
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