China: SenseTime co-leads $199m round in videotech startup Moviebook

Photo: SenseTime Group

Chinese video technology startup Beijing Moviebook Technology Corp has secured RMB 1.36 billion ($199 million) in a Series D funding round co-led by Chinese AI firm SenseTime and SB China Venture Capital (SBCVC).

According to reports by 36Kr and China Money Network, the funding round was joined by Qianhai Wutong M&A Fund, PAC Partners, Chinese media group Oriental Pearl, and Lang Sheng Investment.

Bring stories like this into your inbox every day.

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