China’s NewBornTown leads $21m Series A in live stream video app Kitty Live

A customer counts Chinese Yuan notes at a market in Beijing, August 12, 2015. REUTERS/Jason Lee

Chinese mobile Internet firm NewBornTown has led a $21-million series A round in Kitty Live, a broadcasting and live streaming videos platform, to support its global expansion plan.

Kitty Live was launched in Thailand in the middle of last year before expanding into China, Hong Kong, Indonesia and the United States.

Within six months, Kitty Live  claims to have over 10 million downloads of which around 3 million users are from Thailand. It aims to reach 8 million downloads in Thailand by the end of this year.

According to China Money Network’s report, NewBornTown will provide user, distribution channel and research support to Kitty Live to spread its operation in Latin America, Japan, Korea, the Middle East and Russia.

Chinese media reported NewBornTown, established in 2009, previously received $2 million in an angel round from Plum Ventures and Future Cap in 2014 and closed series C round financing in August 2015 with the company’s valuation of over $500 million. Its product, Solo Launcher, is the No. 1 Android Launcher globally, recognized as a Top Developer by Google Play.

Also read:

YouAppi secures $13.1 Series B investment to drive product development

China sets up $14.6b internet investment fund

Shanghai-based PE Innotech Capitals acquires ad reporting tools Ad-Juster

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.