Short-video app MiaoPai has raised $50m in a Sina-backed series C round, bringing the total raised by the company to more than $75m.
China-based video app maker MiaoPai has secured $50m in a series C round which included online media company Sina Corp, China Money Network has reported.
Kleiner Perkins Caufield & Byers led the round, with participation from fellow venture capital firms Redpoint Ventures and StarVC.
MiaoPai’s offering is similar to the one provided by US-based Vine, allowing users to create 10-second videos and share them on social media sites. The app claims to havemore than 20 million users.
The company raised…
