E-commerce group Alibaba’s Taiwan Entrepreneurs Fund II fund led a RMB100m ($15.6m) series B round for Taiwan-based fitness service Space Cycle on Wednesday.
Space Cycle operates music-driven classes in indoor cycling, yoga, dance and barre, which combines fitness and ballet, across six studios in Taipei and the Chinese cities of Beijing and Shanghai.
Matthew Allison, Space Cycle’s founder and CEO, explained: “At Space Cycle, music is the secret sauce and we use it to create a vibrant social community and…