Could this transform tech news coverage in China? Jiemian lands USD 45M in funding

Chinese business news website Jiemian.com announced last Saturday that it had landed RMB 300 million (USD 45 million) in Series B financing.

PetroChina’s subsidiary Kunlun Trust led this round of financing. Jiemian.com said part of this financing would be used to make original video and audio content.

Jiemian.com was founded by China’s largest newspaper group, Shanghai United Media Group, in September 2014. Jiemian.com mainly reports finance and business news in China. It landed RMB 90 million in Series A financing in September 2015.

Jiemian.com said in a statement last Saturday that its viewership had surpassed five million per day, and its unique visitors per month had surpassed 90 million.

Jiemian.com also said that it aimed to become the financial news agency with the most full time reporters within two years. It would turn most of its text news into audio, and build a photography team with over 50 people.

In the second half of 2016, Jiemian.com plans to expand its channels to cover more content, including education, health, tourism and gaming.

(Top photo from pixabay.com)

AllTechAsia Staff

AllTechAsia is a startup media platform dedicated to providing the hottest news, data service and analysis on the tech and startup scene of Asian markets in English.

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