CDN Provider CrazyCDN Lands $10 million USD Series A
CDN (Content Delivery Network) Provider CrazyCDN announced a $10 million USD series A led by Morningside Ventures. The Shanghai-based company is co-founded by Alibaba’s Xiao Zhi Ming and Alibaba vice president Dr. Lu Peng.
Wealth Management Company, Suishouzan Receives Several Million RMB Seed Funding From Gobi Partners
Wealth management company, Suishouzan received several million RMB in seed funding from Gobi Partners. Suishouzan, a incubated company from 9FBank, was launched this November.
“It was bit of like a fresh air in fintech sector! Wealth management is no longer a passive way of earning money. To earn more money is user’s direct need, and it has lot to do with attribution to the society. We saw that It has a lot of opportunity ahead,” Michael Zhu, partner at Gobi Partners said.
Wanda Makes A Strategic Investment In Mtime
Wanda Group made strategic investment in Mtime (Shiguangwang in Chinese), an O2O platform for movies. The amount of the deal is not known. Founded in 2006, Mtime is a community and e-commerce platform for movies, providing movie information, movie reviews and discussion, film lover’s social network, and movie industry research materials. The app was launched in 2013 as a online ticket purchasing service, and added an online e-commerce function starting this year.
Image Credit: CrazyCDN, Suishouzan, Mtime