Live.me develops an online livestreaming service that enables real-time video broadcasting and viewer interactions. The site's content appears to focus on 'cam girls' interacting with viewers for 'virtual tips'. Live.me is described as a Los Angeles-based subsidiary of Chinese company Cheetah Mobile. In November 2017 the company secured a $50M Series B investment from Bytedance. The funding comes amid Bytedance's broader U.S. social-app activity, including acquisitions of Musical.ly and Flipagram. The article does not disclose revenue, user counts, or other operating metrics. Live.me is a mobile live-streaming service that has shown strong growth in user numbers, user engagement and paying users, particularly in the U.S. The service is focusing on international expansion, with plans to invest in technology and operations to grow in the U.S. and other markets. Cheetah Mobile said it will partner with financial institutions to build Live.me into a global social community. After the new investment, Cheetah retains a 70% share in the service. Cheetah is Beijing-based, listed on the NYSE, and operates 20+ services with a claimed more than 620 million monthly users (around 80% outside China). Cheetah generates revenue via advertising and distribution deals and has previously invested in media, including buying News Republic for over $60 million last year.

Total raised

$110M

Funding rounds

2

Latest round

Series B

Latest activity

Nov 2017