China's news aggregator Yidian to get $112m from state fund, others at $1b valuation

China's news aggregator Yidian to get $112m from state fund, others at $1b valuation

Beijing-based Chinese mobile news aggregator Yidian Zixun – backed by New York-listed Phoenix New Media – has finalized a $112.1-million investment round from the Chinese government fund and two investors, the company announced on November 13.

Bring stories like this into your inbox every day.

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