HK media startup PressLogic raises $10m from return backer Meitu

PressLogic CEO and founder Ryan Cheung with CTO and co-founder Edward Chow

PressLogic, a Hong Kong-based startup that specialises in native advertising, has secured $10 million in its Series A+ funding from existing investor Meitu, a Chinese selfie app developer.

The investment comes less than a year after Meitu, based in Xiamen in Fujian province, acquired a minority stake in PressLogic, which was established in 2016 and now claims to be one of the fastest growing media companies in the world.

Bring stories like this into your inbox every day.

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