Kuaikan raises $240 Million at $1.25 Billion Valuation for Publishing and Entertainment Software Industry

Kuaikan is an online comic reading platform. The company works in partnership with artists who provide original content on the platform. Moreover, it is a community that unites comic lovers around the world.

The round Series F investors were CCB International, app marketplace One Store from South Korea, along with existing investors – Tencent and Coatue Management. The investments raised in the round were claimed to be the largest in China’s comic industry and give Kuaikan the unicorn status.

Kuaikan was founded in 2014 by Anni Chen. In the beginning, it was a digital comic library, where Chinese artists were able to place their content. At that moment the company attracts more than 170 million users, among them 50 million are Monthly Active Users. Kuaikan now has 1000 comic creators and 2000 comics. The company aims to provide its users with the ecosystem for cultural entertainment.

Previous Post

Cars24 raises $350 Million at $1.8 Billion Valuation for E-Commerce Industry

Next Post

Zetwerk raises $150 Million at $1.33 Billion Valuation for E-commerce Industry

Related Posts