(Yicai Global) Nov. 17 -- China's largest informational short video platform Pearvideo has pooled USD25.3 million in a series pre-A financing round led by People.cn Co. [SHA:603000], Zero2IPO Group reported today.
Pearvideo did not disclose its latest valuation. Pearvideo and People.cn are discussing additional collaborations.
Pearvideo covers business, society, science and technology, entertainment and daily life. It produces video content and accumulates more than 500 million video plays a day online.
Beijing Weiran Network Technology Co., which The Paper Chief Executive Qiu Bing founded, runs Pearvideo. The company released the platform last November, and later received backing from China Media Capital.