SBCVC commits $60m in China’s Acfun
Acfun, a Chinese social networking platform that focuses on video editing, has secured an extended $60 million Series A round of funding from SBCVC, previously known as SoftBank China Venture Capital.
Founded in 2007, Acfun, formerly Anime Comic Fun, was one of the first companies in China to launch the so-called "bullet screen" function, allowing audiences to make remarks on films, games and videos...
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