iQiyi Sports secures CNY 850 mln in funding

Thursday 6 September 2018 | 09:23 CET | News
Chinese online entertainment service iQiyi Sports, a joint venture between iQiyi and Super Sports Media, has completed its Series A round of financing, securing a total of CNY 850 million in investment. This second tranche of financing secured an investment of CNY 350 million from both China Sports Capital, a joint venture between CMC Capital Partners and Sequoia Capital, and Yao Capital. This followed an initial tranche of RMB 500 million financing completed in August, provided by IDG Capital and private equity firm Hui Ying Bo Run.

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Categories: Internet
Companies: iQiyi
Countries: China
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