Tencent leads Series C round for China's square dance app Tangdou

Square dancing in China. Photo: Pixabay

Chinese square dancing app Tangdou has raised an undisclosed amount in a Series C round led by internet giant Tencent Holdings, it said in a statement issued by its financial advisor TH Capital.

The round was also joined by existing investors GGV Capital, IDG Capital and Shunwei Capital, which is backed by Xiaomi founder Lei Jun, bringing the total amount of funds raised to nearly $100 million. Tangdou last raised a $5 million Series B+ round in 2017, after bagging a $15-million Series B in 2016.

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