Beijing-based Mini Hulian Technology, which operates "mini KTV" brand "Mini," recently announced it has secured RMB 7-digit angel funding from Lieying Angel Venture Investment. This funding is mainly being used to expand to more locations and install equipment.
The Mini Hulian team currently has many resources on university campuses, and the company's first batch of devices will be deployed in and around university campuses in Beijing, Xi'an, and Wuhan. In addition, the company is also in talks with various cinemas to install devices in their theaters.
Founder Jiang Zhiyong revealed that at the current stage, the cost for a mini KTV unit is approximately in the RMB 5-digit range and the company will charge RMB 0.5-1 per minute or RMB 5-8 per song.
Editor's Note: Mini KTV are small booths that house a karaoke machine with a large touchscreen, allowing users to select and sing their favorite songs. Users can pay for the booths via payment services WeChat Pay and Alipay, and the booths can also save recordings of a song that can be shared on social networking platforms.