Live.me Snags A $60 Million Funding Round To Expand Mobile Live Streaming Platform

Live.me is one of the most notable players in the burgeoning industry of mobile live streaming platforms, and it will now greatly expand its war chest. Cheetah Mobile, which owns a controlling stake in Live.me, has announced a $60 million funding round for the app.

The groups participating in the investment include Matrix Partners China, Evolution Media China, Gobi Partners, IDG Capital, and Welight Capital, as well as Cheetah Mobile itself. With the fresh capital, Cheetah hopes to galvanize...

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