Sequoia China leads nearly $100m round in storytelling app Kuaidian

Sequoia China leads nearly $100m round in storytelling app Kuaidian

Kuaidian, a Chinese storytelling mobile app that offers an immersive experience through dialogue-based, text-message reading format, has closed nearly $100 million in a Series C round of financing led by Sequoia Capital China.

The Series C round, which was oversubscribed, saw the participation of Kuaidian’s existing shareholders including global venture capital firm GGV Capital, Chinese early-stage venture capital fund Morningside Venture Capital and other investors, according to a statement on Tuesday.

Bring stories like this into your inbox every day.

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