Mango Excellent Media announced on Thursday evening that Hangzhou Alibaba Venture Capital plans to transfer 93,647,857 shares, accounting for 5.01% of Mango's total shares.
The number of post-90s internet users set a new record, reaching 362 million in July 2020 and surpassing the post-80s generation to become the main force of the mobile internet.
Mango TV produced a show featuring 30 female celebrities over 30 years old to compete to debut in a 5-member girl group. The show soon triggered a wave of discussion on the Internet.
In an era where Chinese women as a whole start to question the long-existing gender norms, Mango seems to have found a recipe for women of all ages that would provoke discussion but in a gentle and discreet manner.
