Spiritual Wealth Club
Book summary app delivering insights via audio/video.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
CNY30.0m | Series B | ||
| Total Funding | 000k | ||
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Spiritual Wealth Club, known in China as Fān shū (帆书) and formerly as Fàndēng dúshū (樊登读书), operates under Shanghai Huangdou Network Technology Co., Ltd. Founded in 2013 by Dr. Fan Deng, a former CCTV host and professor at Xi'an Jiaotong University, the company pioneered a new 'listen-to-a-book' reading model. In 2023, the brand was officially upgraded from "Fandeng Dushu" to "Fanshu".
The core of its business is the Fanshu mobile app, which provides users with 45-minute book essence interpretations in audio, video, and text formats, ensuring subscribers can absorb the key takeaways from at least 50 books per year. The content is curated and presented by experts, scholars, and Fan Deng himself, covering a wide range of topics. The platform targets individual users seeking personal and professional growth, as well as corporate clients through its 'Fanshu Enterprise Edition', which offers solutions for creating learning-oriented organizations. Its business model is primarily subscription-based, with users paying for access to the premium content. The company also generates revenue through e-commerce, publishing, offline training, and a network of over 200 franchise bookstores across China.
By September 2022, the app's total registered user base had surpassed 60 million. The company has received numerous accolades, including being nominated as a "National Culture Top 30 Enterprise" and winning the "Shanghai Top Ten Cultural Brands" award. It also holds a Guinness World Record for the most pledges received in a reading event. The platform has expanded its services to include in-depth courses, training camps, and new professional training programs, establishing a comprehensive ecosystem around reading and lifelong learning.
Keywords: book summaries, audio books, e-learning, lifelong learning, Fan Deng, Fanshu, Fandeng Dushu, Shanghai Huangdou Network Technology, personal development, professional growth, corporate training, book interpretation, online education, listen to books, mobile learning, Chinese app, reading service, knowledge platform, continuing education, skill development