<article>Beijing-based Visual China Group (VCG) has fully acquired 500px, a photo-sharing site that counts Flickr and Getty among its competitors. Meanwhile, crowdfunding service platform Modian has raised $16 million in funding led by Sina Weibo.
<h3>Visual China Group fully acquires 500px</h3>
Beijing-based <a href="https://www.dealstreetasia.com/?s=Visual China Group (VCG)" target="_blank" rel="noopener">Visual China Group (VCG)</a> has fully acquired <a href="https://www.dealstreetasia.com/?s=500px" target="_blank" rel="noopener">500px</a>, a photo-sharing site that counts Flickr and Getty among its competitors.</article>

Beijing-based Visual China Group (VCG) has fully acquired 500px, a photo-sharing site that counts Flickr and Getty among its competitors. Meanwhile, crowdfunding service platform Modian has raised $16 million in funding led by Sina Weibo.
<h3>Visual China Group fully acquires 500px</h3>
Beijing-based <a href="https://www.dealstreetasia.com/?s=Visual China Group (VCG)" target="_blank" rel="noopener">Visual China Group (VCG)</a> has fully acquired <a href="https://www.dealstreetasia.com/?s=500px" target="_blank" rel="noopener">500px</a>, a photo-sharing site that counts Flickr and Getty among its competitors.
Financial details of the deal were not disclosed. However, the Canadian start-up news website BetaKit reported that VCG paid just $17 million for the acquisition.
VCG, a visual-content licensing and visual data technology company, was the lead investor in 500px in 2015, and entered a joint venture to expand 500px&#8217;s reach into China, launching 500px.me. Other investors in 500px include Andreessen Horowitz, ff Venture Capital, and Harrison Metal.
&#8220;By joining forces with VCG, we’ll be able to consistently deliver more innovative features to help you amplify your personal brand, connect with millions of like-minded creatives, and inspire you to improve your skill set as a photographer, as well as reward your talent and creativity with new incentives,&#8221; said 500px in a blog post.
The Toronto-based photo-sharing site has raised over $22 million till date, as per Crunchbase data.
<h3>Modian raises $16m led by Sina Weibo</h3>
Chinese crowdfunding service platform <a href="https://www.dealstreetasia.com/?s=Modian" target="_blank" rel="noopener">Modian</a> has raised $16 million in a Series A round of funding led by <a href="https://www.dealstreetasia.com/?s=Sina Weibo" target="_blank" rel="noopener">Sina Weibo</a>, <a href="https://www.chinamoneynetwork.com/2018/02/27/dealshot-sequoia-capital-leads-32m-series-b-round-chinese-adaptive-security-technology-company-qingteng" target="_blank" rel="noopener">reported</a> CMN.
The platform focuses on creative cultural industries such as games, animation and cartoon.
Launched by Sina Corporation on 14 August 2009, Sina Weibo, often referred to as Weibo, is a Chinese microblogging website. It claims to incorporate the major features of social media channels like Twitter, YouTube, and Instagram.

China Digest: VCG acquires photo-sharing site 500px; Weibo leads $16m in Modian

Visual China Group fully acquires 500px

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China Digest: VCG acquires photo-sharing site 500px; Weibo leads $16m in Modian

Visual China Group fully acquires 500px

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