Keep, which has raised funds seven times in seven years, has attracted widespread attention for raising a large amount of new money. On January 11, Keep responded to the media’s completion of the F round of financing, with a valuation of 360 million US dollars and a valuation of 2 billion; Softbank Vision Fund led the investment, Hillhouse Capital and Kotu Capital joined the investment; there is no IPO (listing) plan for the time being. In some ways, special database the purpose of financing and listing is the same (to get money), but there is no progressive relationship between the two. Several rounds of financing at the VC stage indicate that the company is optimistic about the venture capital investment, betting that there will be good profits in the future. However, IPO means that corporate financing needs to enter the secondary market, and the corresponding threshold and standards are higher: in addition to examining whether the company has special database sustainable profitability, it will also look at related party transactions, internal control, asset integrity and other aspects. The epidemic has brought an unprecedented user surge to Keep; data from Aurora Big Data shows that in March 2020. Keep had as many as 8.5 million active users (marked by red arrows); after a few months, looking at the product data, The skyrocketing group was not well retained. In the autumn and winter, Keep's DAU (daily active users) has fallen back to the level special database of about 3 million DAUs (marked by red boxes) in the same period of the previous year (end of 2019-early 2020). Why did Keep raise to the F round and still not go public? Data source: Aurora Big Data 01 Keep financing for months of hustle and bustle Before the Series E round of financing, Keep has experienced no one for a long time.