Music as the completion of the A round of financing valuation over 7 billion yuan into the music as

Abstract: LETV cloud has completed A round of financing, did not disclose the specific amount of financing, valuation of over 7 billion yuan, becoming the fourth Unicorn LETV ecological hatch, the first three are the film music as sports, music, music as mobile intelligent, respectively, have announced independent financing.

 

investment community news February 29th, LETV cloud has completed A round of financing, did not disclose the specific amount of financing, valuation of over 7 billion yuan, becoming the fourth Unicorn LETV ecological hatch, the first three are the film music as sports, music, music as mobile intelligent, respectively, have announced independent financing.

music as founder Jia Yueting announced on the 818 conference last year, as the music cloud has grown into one of the world’s largest cloud video open platform, the future to go to music". LETV cloud currently includes video CDN, cloud, cloud and ecological industry as the networking and other products and services, the world’s first VaaS model, with its full content of the whole channel sharing issue cloud platform, redefining the content production and distribution of industrial chain.

since 2015 has been with Gansu cable, LETV cloud China blue TV a large number of domestic enterprises to establish a strong radio cooperation, to enter the field of new media broadcasting; and has tens of thousands of global live concerts, sporting events and other large-scale activities under the line, LETV cloud is committed to become the world’s strongest video cloud ecosystem.

according to the investment community to understand, just 6 days ago, as music sports just announced a formal cooperation with the body of the Olympic power to achieve capital cooperation, to $2 billion 700 million won the Super League season 2016 and 2017 exclusive new media broadcast copyright. In addition, there is news that music as sports has been completed 3 billion yuan B round of financing (May 2015, Wanda, won the MIPs capital of 800 million yuan of A round of financing), Austria power is one of the investors.

music studios in August 12, 2013 completed A round of financing, financing amounting to 200 million yuan; in September 18, 2014 to complete the $340 million B round of financing, valuation reached 4 billion 800 million yuan, which is 3.2 times the A round of financing valuation.

music as mobile intelligence in November 27, 2015 to complete the $530 million A round of financing.