# Chengdu Tianya客

Tianya’s Resurrection: A Pioneer of the Chinese Internet Bets on Digital Badges and Private Equity

Tianya Community, once China’s most influential online forum, has launched a 'Restarter' digital badge program that grants qualified holders the right to participate in private equity investment for its restructuring. This move represents a novel attempt to leverage community loyalty and private fund structures to revive a legacy internet brand facing financial insolvency.