Xiamen Information Technology, the SIG-backed creator of women's social media platform Meet You, raised the money as it prepares for an initial public offering.
Xiamen Information Technology, a China-based social network operator of Meet You, has closed RMB1bn ($151m) in funding from undisclosed existing investors, China Money Network reported today citing local media reports.
Meet You, backed by investors including technology and trading company Susquehanna Investment Group (SIG), began life as a period tracking app but has evolved into a wider ranging social network for women.
The company, which claims it has 100 million users, generates revenue through advertising and e-commerce. Proceeds from the…
