The Bertelsmann-backed dating app developer, described by some as China's answer to Tinder, increased its overall funding to $120m in a series D round.
Social communication platform YY has led a $70m series D round for China-based social meeting platform Tantan, China Money Network reported today, citing local media reports.
Tantan has created a mobile app that works similarly to Tinder, allowing users to swipe their phone screens when deciding whether to meet people that are located locally. It has 13 million registered users, of which 2.5 million are daily active users.
YY’s investment could theoretically lead to strategic partnerships between the companies focusing…
