The round increased the total raised by the Alibaba, Sony, WndrCo, 21st Century Fox, Walt Disney, WarnerBros and Entertainment One-backed short-form streaming startup to $1.75bn.

Quibi, the US-based online video streaming service Quibi backed by e-commerce firm Alibaba, media holding company WndrCo and various film studios, has closed $750m in financing, the Wall Street Journal reported yesterday. The news represents an update on the round, which stood at $400m as of January this year, and it increased the company’s overall…

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