Cheetah Mobile property raises US$60 million to win live-streaming race

As part of the deal, Cheetah Mobile’s equity stake will decrease from 90 to 70 per cent

What a birthday gift! While raising US$60 million is impressive for any company, when the company is only one year old, that is a staggering number., a livestreaming company incorporated in the Cayman Islands but largely owned by the Chinese app developer Cheetah Mobile, announced the gigantic round yesterday.

Investors in the company included Evolution Media China, Gobi Ventures, IDG Capital,...

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