Chinese podcast sharing service Ximalaya, or Himalaya, chose to announce $11.5 million Series A funding round when the news broke that Twitter wanted to acquire SoundCloud, one of the most popular podcast sharing platforms.

Ximalaya pointed out that they and SoundCloud actually has a mutual investor, KPCB, which implies that the investor believes the model works either in the Western countries or in China. Other investors that joined this round include SIG Asia Investment and Sierra Ventures.

Founded in August 2012, the first Ximalaya mobile app was launched in March 2013. The company claims activated users reached 50 million earlier this month.

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Tracey Xiang

Tracey Xiang is Beijing, China-based tech writer. Reach her at traceyxiang@gmail.com