Fengxin, CEO of Baofeng.com, disclosed that his company had submitted its application for IPO on the Shenzhen GEM. He claims Baofeng, unlike most other video services, has been profitable for three years. (in Chinese)

Previously Baofeng raised a total of $24 million in financing, according to media reports. The company once planned to list on the NASDAQ in 2012. Mr. Feng recently said that they’d also consider acquisition but didn’t want to sell it to a company who’d buy it just for killing another competitor.

Starting as a video player in 2006, Baofeng was once dominating the market in China. When online video streaming became ubiquitous it shifted to be a tool streaming content from providers such as Youku, counting on advertising in terms of monetization.

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Tracey Xiang

Tracey Xiang is Beijing, China-based tech writer. Reach her at traceyxiang@gmail.com