In two separate funding deals in China, digital video streaming social media platform Baobao raised $15 million backed by Meridian Capital China, Tencent Holdings Ltd and other investors, while e-commerce platform Pinduoduo received $110 million financing from Banyan Capital, and New Horizon, the China Money Network reported.
Meridian Capital, Tencent close $15M Series B+ Round in live video streaming app Baobao
Baobao, a digital video streaming social media platform, secured $15 million (RMB100 million) in a series B+ round joined in by Meridian Capital China, Tencent Holdings Ltd, GGV Capital and Shunwei Capital.
