Trustbridge leads $23m Series A in media startup Shanghai Bajiulin

U.S. 100 dollar banknotes and Chinese 100 yuan banknotes are seen in this picture illustration in Beijing, China, January 21, 2016. REUTERS/Jason Lee

Shanghai Bajiulin, a new media and knowledge sharing startup, closed a $23 million (RMB160 million) series A round led by growth equity investor Trustbridge Partners.

The startup’s post-money valuation reached $287 million following the round, in which Zheshang Venture capital, Toutoushidao Capital, and Puhua Capital also participated, the China Money Network reported.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter