Tencent invested in the audio streaming platform as part of a round that valued it at about $3.5bn post-money.
China-based online audio streaming platform Ximalaya has completed a RMB4bn ($580m) funding round featuring internet group Tencent, Kr Asia reported today, citing an announcement on social media platform WeChat.
The round included investment banking firm Goldman Sachs and growth equity firm General Atlantic and valued Ximalaya at approximately $3.5bn post-money.
Founded in 2012, Ximalaya operates an online repository for audio content such as podcasts and radio shows covering music and information. It reportedly had more than 40 million registered users…
