Sina Weibo Leads $500 Million Funding for Live Video Firm Yixia

Read on: Variety.

Sina Weibo, one of China’s leading microblogging companies, is to lead a $500 million investment round for Yixia Tech, a company which operates Sina Weibo’s live video streaming operations. Sina Weibo will invest $120 million while other investors include Shanghai Media Group, Everbright and Focus media. Sina Weibo had previously put up $190 million, while… Read more »