Douban, one of the most innovative and largest book, movie and music rating site in China, raised US$50m in Series C from Sequoia, Bertelsmann Asia Investments and Trustbridge Partners.

According to Yang Bo, the founder and CEO of Douban, the funding would be used to develop new products, to beef up teams and to enhance marketing and branding.

Founded in March 2005, Douban raised US$2m from Ceyuan Ventures in Series A in 2006 and US$ tens of millions from Ceyuan and Trustbridge in Series B in late 2009.

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Ben Jiang

Listener of startups, writer on tech. Maker of things, dreamer by choice.