China's live streaming major YY leads $272m funding round for Singapore's Bigo

Photo by Nicolas LB on Unsplash

NASDAQ-listedd YY Inc on Tuesday announced that it has invested $272 million in the Series D preferred shares of Bigo Inc as its lead investor.

Other investors that participated in the round include YY chairman and acting CEO, David Xueling Li, who invested in Bigo using his personal funds.

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