Baobao broadcasts $15m in funding

Jul 22, 2016 • Robert Lavine

Tencent took part in the livestreaming platform's series B+ round, investing together with GGV Capital, Shunwei Capital and Meridian Capital China.

China-based social video streaming platform Baobao has secured RMB100m ($15m) in series B+ funding from investors including internet group Tencent, China Money Network reported yesterday.

Venture capital funds Shunwei Capital and Meridian Capital China also participated in the round, as did VC firm GGV Capital.

Baobao has built a platform that enables users to watch, share or broadcast live video streams while posting feedback, conducting private chat or exchanging gifts with each other. It reportedly has more than 400,000 daily…

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