Chinese SNS App 'Girlfriends' Wins USD 10 Mln Series B

36Kr, 9/28/14

Shenzhen Vanchu Technology, developer of Chinese SNS app GirlFriends ("Gui Mi Quan"), recently landed USD 10 mln Series B funding from Shunwei Investment and Lightspeed Venture Partners. Lightspeed previously participated in GirlFriends' first round of funding.

Girlfriends is a mobile SNS app designed for women to chat, meet friends with common interests and set up discussion groups. The app also includes a number of tools for beauty tips, shopping and more.

According to CEO Zhang Wei, Girlfriends has accumulated over 8 mln users. Average length of interaction among daily active users is 50 minutes, and active users open the app seven times a day on average.

Vanchu Technology has a team of over 40 employees, many of whom were previous employees at internet and mobile services company Tencent (0700.HK), including a former manager of the group chat feature for Tencent's QQ messaging platform.

Keywords: Girlfriends VC Vanchu Zhang Wei female funding users wireless mobile SNS active users LightSpeed Venture Partners Shunwei second-round user habits

Feedback

Sending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily