All Digital has some AcFun after $36m investment

Nov 23, 2016 • Robert Lavine

AcFun investors Youku Tudou and SoftBank China Venture Capital are selling $36m of shares to online content publisher Chinese All Digital Publishing Group.

Digital content publisher Chinese All Digital Publishing Group plans to pay RMB250m ($36m) for a 13.5% stake in China-based online video streaming platform AcFun, China Money Network reported on Tuesday, citing a regulatory filing.

The shares will be purchased from existing AcFun investors SB China Capital SoftBank China Venture Capital (SBCVC), a venture capital subsidiary of Japan-headquartered telecom and internet group SoftBank, and online video platform Youku Tudou.

Founded in 2007, AcFun operates an online video streaming service aimed at…

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