Online video platform YY has spun out livestreaming subsidiary Huya with a $75m series A round led by Ping An Insurance.
Huya, a livestreaming subsidiary of China-based online video streaming platform YY, has secured $75m in a series A round led by insurance firm Ping An Insurance.
Banyan Partners, Engage Capital and Morningside Ventures also took part in the round, along with YY chairman David Xueling Li and Huya CEO Rongjie Dong. Ping An invested through its China Ping An Insurance Overseas (Holdings) vehicle.
Huya was launched in 2014 and operates as a livestreaming platform that mostly focuses on gaming, though…
