On April 24, 1925, the company was founded. The company was founded in Beijing on April 24, 1925. The main members of the company were Lu Rap, Cao Long Rainbow, Huangping Ki, Shanxi, Keiperi, Weinstein, Weihong, etc. It was named for the publication of the weekly newspaper "Haibaara". The weekly magazine was initiated by the editor of "Haibaara", advocating "to tear away the old faces of society", focusing on civilisation criticism and social criticism. The purpose of this publication was "in terms of rate, based on theory, faithful to the present world, look forward to the future". After internal contradictions, it fell apart. After 1926, it was changed to a half-month magazine, and in December 1927 "Haibaara Half-month" was published to