Qutoutiao-owned Chinese e-book brand Midu closes $100m Series B round

Qutoutiao-owned Chinese e-book brand Midu closes $100m Series B round

Source: Nikkei Asian Review

Chinese mobile content platform operator Qutoutiao announced on Thursday that its e-book brand Midu has secured $100 million in a Series B round of financing led by CMC Capital, an investment firm focused on the media and entertainment sector in China.