Tencent Invests in Entertainment Blog 'Can't Get My Mind Off of Her'
Lieyunwang.com, 4/15/16
Beijing-based Jingling Online Network Technology, operator of online and mobile entertainment blog Baisi Budejie (unofficial translation "Can't Get My Mind Off of Her"), has announced receipt of an RMB 8-digit investment, valuing the company at RMB 400 mln, from internet and mobile services firm Tencent (0700.HK). Ji Bin, founder of Baisi Budejie, said that the money raised would be used to expand the blog's user base.
Baisi Budejie's website and mobile app let users upload lighthearted videos, audio clips and memes for others to repost and comment on. The blog acts as an incubator for popular content such as short animations or films. Ji says that the app has more than 2 mln daily active users.
Jingling Online Network Technology was established in December 2011.
Keywords: Jingling funding Baisi Budejie M&A Ji Bin online information service mobile information service vertical portal Internet Tencent 0700.HK