Source: China Money Network

AcFun: Softbank China Leads $60M Funding Round In AcFun

AcFun, a Chinese video sharing platform, has completed a US$60 million funding round led by Softbank China Venture Capital, according to an announcement posted on the company's Weibo account. Founded in 2007, AcFun received US$50 million series A funding from Youku Tudou Inc. in 2015, at a reportedly valuation of US$200 million. AcFun focuses on [...]Visit for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

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