Tencent and Bertelsmann Asia Investments have both backed the home fitness company, which will soon launch a smart display screen for its workouts.
China-based connected home fitness product maker Fiture has received $65m in a series A round led by internet group Tencent, DealStreetAsia has reported.
Bertelsmann Asia Investments (BAI), the Asia-focused investment arm of media conglomerate Bertelsmann, took part in the round, as did corporate-backed venture firm BA Capital and CPE, an alternative asset arm of investment firm Citic Group.
Sequoia Capital China, Cathay Capital, C Ventures and All-Stars Investment also chipped in series A cash.
Founded in 2019, Fiture sells…
