Alongside Bertelsmann Asia Investments in the syndicate were venture capital firms Trust Bridge Partners and Sequoia Capital.
China-based social networking services (SNS) website Douban.com has raised $50m in its series C round from a consortium including Germany-based publisher Bertelsmann’s regional corporate venturing unit.
Alongside Bertelsmann Asia Investments in the syndicate were venture capital firms Trust Bridge Partners and Sequoia Capital.
Founded in March 2005, Douban has more than 53 million registered users.
Separately, SNS peer Woyo raised $100m from an unnamed US venture capital fund, according to news provider PE Daily.
