CBC, Ocean Link lead $40m round for China’s Yitiao
China Broadband Capital (CBC) and Ocean Link – a travel and tourism-focused PE firm – have jointly led a $40 million Series C round for Yitiao, a Chinese online platform that offers lifestyle video content and retail services.
Several existing investors also participated. The company previously raised capital from the likes of TrustBridge Partners, SIG Asia, and CMC Capital Partners. Yitiao started as an online video producer...
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