Tencent-backed comics app Kuaikan turns unicorn in US$240 million funding round

Source: Tech – South China Morning PostKuaikan World (Beijing) Technology, the comics app operator backed by Tencent Holdings, has raised US$240 million in a new funding round that elevated it to unicorn status, giving the start-up a boost as competition in China’s online entertainment arena intensifies.The investment is the largest fundraising deal in China’s comics industry, with participation from CCB International, South Korean app marketplace One Store and existing backers like Tencent and Coatue Management, the Beijing-based…Read More

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