Alibaba helps prepare series B round for DayDayCook

Jul 17, 2017 • Sam Shaw

Alibaba Entrepreneurs Fund has co-led a $14.8m round for online recipe video platform DayDayCook with private investor Adrian Cheng.

China-based recipe platform DayDayCook has raised RMB100m ($14.8m) in a series B round co-led by Alibaba Entrepreneurs Fund, a subsidiary of e-commerce Alibaba Group, China Money Network has reported.

Alibaba Entrepreneurs Fund co-led the round with Adrian Cheng, executive vice-chairman of Hong Kong-headquartered, property-focused conglomerate New World Development.

DayDayCook streams short videos demonstrating how to cook recipes also displayed on its platform, which is available on the web and through a mobile app.

The company claims it has about 3…

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