Short videos are becoming a pillar of Chinese social media, especially on Weibo.

Yixia Tech, parent of popular video streaming and sharing apps such as Miaopai, Xiaokaxiu, and Yizhibo, recently raised 500 million USD investment in a Series E led by Weibo.  Following a 200 million USD Series D last year, this values the company at between 3 and 5 billion USD.

Miaopai is a a Vine-like service where users shoot, edit, and share 10-second video, launched in 2013; Xiaokaxiu is a video-dubbing app; and Yizhibo is a live streaming service inside Weibo.

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mjkim

MJ explores the startup community across a variety of industries. MJ is particularly interested in O2O and Big Data. MJ is based in Shanghai.