China: Audio streaming platform Ximalaya snags $580m ahead of IPO

China: Audio streaming platform Ximalaya snags $580m ahead of IPO

A commuter uses a mobile phone while wearing headphones at Central Station in Sydney, Australia, on Tuesday, June 9, 2015. Photographer: Brendon Thorne/Bloomberg

Chinese audio streaming platform Ximalaya FM has closed an RMB4 billion ($580 million) financing round from investors including Tencent, Goldman Sachs, and General Atlantic, according to a local media report by Zhaozhidao.

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