The Chinese business media company. a spinout of People's Daily, has secured series B capital in a round featuring Xiaomi and Cheetah Mobile.
China-based online business media company Blue Whale Media has raised RMB100m ($15m) in series B funding from investors including corporates Xiaomi and Cheetah Mobile, China Money Network reported on Wednesday.
Smartphone manufacturer Xiaomi and mobile internet company Cheetah invested together with securities brokerage Tianfeng Securities, which led the round.
Founded in 2012, Blue Whale oversees multiple online platforms covering Chinese business and finance news, as well as a data offering and an advertising syndication tool.
Blue Whale closed a RMB50m…
