In the summer of 2017, the Chinese online media was abuzz with one ranking: Maimai, a local startup barely four years old, had beaten US stalwart LinkedIn to become the No. 1 professional networking app in China.
Maimai’s lead was announced in two separate reports by respected industry research and media firms iResearch and China Internet Weekly, as well as a handful of others.
A few months later, Maimai raised US$75 million in Series C funding and said it was targeting a US$10 billion initial public offering in 2019. It had also, it said, more than 30 million registered users, an...
©Maimai
