Announced
Completed
Financials
Sources
Tags
Private Equity
China
book reading app
reading platform
Acquisition
Single Bidder
Digital Services
Private
Friendly
Completed
booking platform
Venture Capital
books
Minority
Synopsis
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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