The round increased the total raised by the Alibaba, Sony, WndrCo, 21st Century Fox, Walt Disney, WarnerBros and Entertainment One-backed short-form streaming startup to $1.75bn.
Quibi, the US-based online video streaming service Quibi backed by e-commerce firm Alibaba, media holding company WndrCo and various film studios, has closed $750m in financing, the Wall Street Journal reported yesterday.
The news represents an update on the round, which stood at $400m as of January this year, and it increased the company’s overall funding to $1.75bn. The WSJ did not disclose the identity of the investors, simply stating they represented new and existing backers.
Quibi is preparing…
