Tencent led the People.cn-backed video news platform's series A round, investing alongside fellow corporate Baidu.
China-based online video news platform Pear Video has secured RMB617m ($98m) in a series A round led by internet company Tencent, China Money Network reported today.
The round also featured another internet company, Baidu. Pear had previously raised a nine-figure renminbi sum from public equity and venture capital firm China Media Capital, and $25m from state-owned media company People.cn in November 2017, according to China Money Network.
Founded in September 2016, Pear creates short-form online videos aimed at mobile users…
