The Digital Source For China's Tech Innovation Since 2000

Search
Close this search box.

Blockbuster Investment Shines On Chinese Movie Review Website

August 23, 2016
Internet | Telecom & Wireless

Two thumbs up for Dushe, the Chinese movie review website that has just raised about US$11 million.

Bertelsmann Asia Investments has led a series A funding round in Chinese movie commentary and content platform Dushe, with participation from existing investors Neowing Venture Capital and Yonghua Capital, according to Chinese media reports.

The round reportedly values the movie content producer at RMB300 million (US$45 million). The investment value was not disclosed, but could be worth RMB75 million (US$11 million) assuming investors are taking a 25% stake.

Dushe, a Chinese phrase that means "vicious tongue", was founded last year by veteran media professionals.

The firm produces original and controversial commentary for movies and distributes them across over 20 media platforms, including the popular Wechat app where the firm has over two million followers.

"The Dushe team has unique understanding of the new digital media market and they are creative in their business models," says Dora Yi, investment director at BAI.

With the latest funding, Dushe says it plans to produce its own mobile app.

Tags: app | Bertelsmann | Dushe | investment | mobile | movie | Neowing Venture Capital | online content | social media | UGC | user-generated content | venture capital | Wireless | Yonghua Capital

Other Related News:

Last ByteDance executive leaves TikTok Australia board

August 15, 2023

Price War: Beijing Unicom Slashes Ruyitong CDMA Calling Fee

May 18, 2006

China directs Alibaba and Tencent to open platforms to each other: Report

September 12, 2021

China brings in ‘emergency’ level censorship over zero-Covid protests

December 2, 2022

Why tech spending will rise even as tech stocks tank and layoffs mount

November 8, 2022

China spying on social media for information about foreign targets, Dragon bought special software

January 3, 2022

Beijing is considering ways to limit children's use of mobile devices. But are they addressing the wrong problem?

August 6, 2023

Rising Demand of Plastic Packaging From Packaged Food Industry and Increasing Trend of E-Commerce Boosted the China Packaging Market

March 10, 2022

Two US Companies – Apple and Mars Candy Company – Bend Over Backwards to China After Pelosi’s Visit to Taiwan

August 7, 2022
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2023 ChinaTechNews.com. A Service of Asia Media Network.
Twitter