The social video app developer has now raised $275m altogether and is worth $1bn, after securing cash in a round led by Weibo, with which it is partnering on a $100m fund.
Social media company Weibo Corp has led a $200m series D round for Yixia Technology, the China-based company behind mobile video app MiaoPai, China Money Network reported yesterday.
Investors in the round, according to a post on Yixia’s Weibo account, also included entertainment and fashion producer YG Entertainment and US-based venture capital firm Sequoia Capital. Yixia raised the cash at a $1bn valuation.
MiaoPai is an app that enables users to create, edit, and share 10-second videos. It was launched…
