The corporate-backed financial news and data provider secured $71.5m from backers including Xu Hui Guo Tou and China Internet Investment Fund.
Jiemian-Cailian Press, an online financial news platform backed by China-based media group Shanghai United Media, has raised more than RMB500m ($71.5m) in series C funding, DealStreetAsia reported today citing a company announcement.
The capital was provided by investors including financial conglomerate Xu Hui Guo Tou and China Internet Investment Fund, the $14.5bn investment fund launched by the Chinese government and backed by several state-owned firms in 2017.
Formed in 2017 through the merger of the Shanghai United-owned Jiemian and Cailian…
