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Comment on Weibo-backed Short-video App Miaopai Raises Series C Funding by Chinese Celeb Investors Betting on Tech Startups - TechNode
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Comments for TechNode
Miaopai, a short-video sharing app Weibo invested in, announced that it raked in US$50 million of Series C financing led by KPCB with participation of Sina, Redpoint Ventures and StarVC.
After this funding, Zhou Wei, KPCB partner who is also the investor of JD, will join Miaopai’s board of directors.
As a Vine-like service, Miaopai allows users to shoot up to ten seconds of video, and then edit or add frames to the video clips before sharing them to friends.
Miaopai claimed more than 20 million users as of present.
To promote the service, the company has invited hundreds of celebrities to use Miaopai since its launch in August last year.
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