Kuaikan Manhua draws up $36m series C

Jan 12, 2017 • Thierry Heles

Kuaikan Manhua, the operator of an online platform for comic artwork, has secured the cash from investors including mobile-focused news service Toutiao.

China-based comic artwork platform Kuaikan Manhua has raised RMB250m ($36m) in a series C round that included news app provider Toutiao, China Money Network has reported.

Investment manager Tiantu Capital led the round, with participation from Sequoia Capital, GX Capital and Engage Capital. The deal values Kuaikan Manhua at $144m following the investment.

Founded in 2014, Kuaikan Manhua operates an online and mobile platform featuring comic artwork aimed at a young audience. The company claims to have 24.6 million monthly…

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