The comics app developer has reached unicorn status through a series F round backed by Tencent and One Store.

China-based comic reading app developer Kuaikan Manhua has pulled in $240m in a series F round backed by internet company Tencent and app marketplace One Store.

CCB International, a subsidiary of China Construction Bank Corporation, and Coatue Management also featured in the round. It valued the company at $1.25bn, a source told Bloomberg, pushing the company into unicorn status.

Founded in 2014, Kuiakan Manhua is a digital library for comics onto which artists can upload original work and make it…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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