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New Deal


Announced

Completed

Sequoia Capital led a $100m Series C funding round in Kuaidian.

Financials

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Transaction Value£80m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Private Equity

China

book reading app

reading platform

Acquisition

Single Bidder

Digital Services

Private

Friendly

Completed

booking platform

Venture Capital

books

Minority

Synopsis

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Sequoia Capital, a venture capital firm, led a $100m Series C funding round in Kuaidian, a Chinese reading interactive community platform. DCM, GGV Capital, Morningside Venture Capital also participated in the round. "Kuaidian has a very distinctive style in both form and content from the beginning. We are also pleased to find that in the past two years, Kuaidian’s product form has been evolving, and the community is also prospering. We are full of confidence and expectation for the company’s prospects," Zeng Zhenyu, DCM Managing Partner.

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