VCs in $45m round for Chinese tech news site 36kr

Hangzhou Finance Investment also came into the round, alongside strategic investors Focus Media and Baidu Video.

Operated by Beijing Xieli Zhucheng Finance Information, 36Kr started as a technology blog in 2011. The company has since expanded into news reporting and research and analysis, as well as providing co-working spaces, online crowd-funding services, and investment management software.

The company has received several rounds of funding from investors including Unity Ventures, Matrix Partners, and Infinity Ventures Partners, according to AVCJ Research. In October 2015, it completed a Series D round led by Ant Financial and a technology fund managed by Huatai Securities.

In December 2015, Beijing Xieli spun off its co-working space unit 36Kr Space. The new company subsequently raised a Series A round from Gobi, Unity VC, and US-based Colony Capital, followed by an RMB200 million Series B round from Prometheus Capital and IDG. In September, it received additional RMB100 million from IDG.

News platform 36Kr Media became independent in July of last year, led by Dagang Feng, formerly an investment manager at Matrix Partners China. The Chinese-language news site provides investment and technology-related content, while the company also organizes events for entrepreneurs and investors. It has been profitable for the last two years and is preparing for an IPO, said Chengcheng Liu, founder and CEO of 36Kr.

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• Topics
• Greater China
• Technology
• Media
• Early-stage
• China
• TMT
• Venture
• Gobi Partners