Founder: Xu Hua
Founded in: 2011
Financing status: USD 350 million in Series D, 2017
Kuaishou is a video sharing and live broadcasting platform for users to record and share moments from their daily lives. Kuaishou is a Beijing company founded in 2011. It has currently more than 50 million active users daily, and 5 million videos are uploaded on the platform everyday. Users can socialize with others by sharing short videos with the online community. They can also broadcast their own livestreaming videos on Kuaishou and interact with other users.
Kuaishou’s Series D financing round was led by Tencent, and it also previously received investment from Baidu. Kuaishou will further cooperate with Tencent and Baidu in tech products and services. This fund will be used to enhance user experience and improve its technology in artificial intelligence and video analysis.
Investment platform Renrenaijia receives USD 14.5 M Series B funding for advising low risk investment
Founder: Ma Yizhi
Financing status: RMB 100 million (USD 14.5 million) in Series B financing, 2017
Renrenaijia is an online investment and financing platform that provides various financial products at low risk and low volatility income. Founded in Hangzhou in 2017, Renrenaijia has more than 600,000 users and the total investment by users accumulated to more than USD 450 million. Renrenaijia aims to help users enjoy investment and financing online with security, economical sense and convenience.
Renrenaijia received this Series B financing from Zhong-ou International Group, and it will use this fund to improve the risk control system. It will also create new financing products and perfect its user experience.
（Top photo from Zoommy.com）