Founder: Wang Ling
Founded in: 2015
Financing status: RMB 40 million (USD 5.8 million) financing in 2017
Manman is a mobile comics platform that produces and issues original comics. Founded in Beijing in 2017, Manman has more than 980 original comics on its app, and 315 comics are exclusive. Manman has more than 14 million users out of which 3 million are active users, and 2 million users have more than 20 subscriptions on it. Manman is now trying to make profits with paid subscriptions, advertising and reward systems.
Manman’s pre-Series A financing round was led by Fosun Kinzon Capital, Kaitai Capital and Cherubic Ventures. Its Series A financing round was led by Sigma Square Capital. The funds from these two financing rounds will be used to make new comics and increase Manman’s social media exposure.
Media community Nanyouquan lands USD 3 M for pre-Series A
Founder: Gou Hua
Founded in: 2015
Financing status: RMB 20 million (USD 3 million) pre-Series A financing in 2017
Nanyouquan is a media community that aims to help media professionals start their own business, and it provide services such as startup incubator, branding and financing services. Meanwhile, Nanyouquan also established a platform to bridge media professionals and corporate customers. Nanyouquan was created by former Southern Metropolis Daily reporters in Shenzhen in 2017, and has now more than 30,000 media professionals in its community. Nanyouquan has also helped 12 startups finish their financing.
Nanyouquan’s pre-Series A financing round was led by Infinox Capital and it will use this funding to expand its influence, and attract more media professionals to join Nanyouquan.