Yixia Tech has closed a $500m Series E, according to the report. The round was led by Weibo. The announcement is reported in the context of China. The article does not disclose other investors, valuation, or deal terms beyond the lead. No product details, operating metrics, or future plans for the company are provided in the article. Yixia Tech is a Beijing developer best known for Miao Pai, a video-blogging app that lets users shoot, edit, and share 10-second videos. Miao Pai launched in late 2013 with help from Sina Weibo. The company raised $200 million in a Series D at a $1 billion valuation, signaling significant investor interest. Investors named in the coverage include Weibo, Sequoia Capital, YG Entertainment, Kleiner Perkins Caufield & Byers, Redpoint Ventures, and StarVC; StarVC also participated in Yixia's $50 million Series C in 2014. Weibo plans to partner with Yixia on a new video product and to establish a $100 million fund for Miao Pai contributors focused on traffic growth, co-branding, and advertising revenue share. The partnerships tie Yixia into China’s large social ecosystem—Weibo has 222 million monthly active users.

Total raised

$700M

Funding rounds

2

Latest round

Series E

Latest activity

Nov 2016