Rumor: Online News Platform Yidian Zixun Secures USD 100 Mln Series E

TechWeb, 10/18/17

Beijing-based Particle Information Technology, operator of mobile news app Yidian Zixun and subsidiary of Phoenix New Media (NYSE: FENG), has reportedly completed USD 100 mln in Series E funding at a USD 1.0 bln valuation, with a government-led fund among the investors. Accepting government investment could help Yidian Zixun obtain a license for providing online news and information services. An employee of Yidian Zixun confirmed the reports, but could not provide any further clarification.

Yidian Zixun has 330 mln total users and 52 mln daily active users.

Editor's Note: For more information on this topic, please see Oppo to Pre-install Phoenix New Media's Mobile News App 'Yidian Zixun', MD 7/22/16 issue.

Keywords: wireless VC Internet funding users valuation Phoenix New Media FENG Series E Yidian Zixun Particle Information online information service DAU mobile information service

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