Chinese short news video platform Pear Video raises USD 98 M for Series A

tmtpost

tmtpost

· 2018.04.19

With about 1,500 short news videos being uploaded per day, Pear Video has got 1 billion daily video views now.

(Chinese Version)

China’s largest news short video platform Pear Video has completed RMB 617 million (roughly USD 98 million) Series A financing round. The financing was led by Tencent and followed by Baidu and other investors. 

China’s short news video platform Pear Video announced to have raised RMB 617 million (USD 98 million) in a Series A round of financing led by Tencent. Baidu and other investors also participated in the round.

Pear Video will use the investment to establish a world-leading, efficient and rigorous content production network for short videos and optimize its business model.

Launched in November 2016, Pear Video is a short news video platform. The majority of short videos on Pear Video are 30 seconds to 3 minutes long, while only a minority of videos are short documentaries within 10 minutes long. With about 1,500 short news videos being uploaded per day, Pear Video has got 1 billion daily video views now.

At first, Pear Video focused on political and breaking news. Then, it changed its focus on young people’s lifestyle, ideas, relationship, etc. Last August, Pear Video made a strategic cooperation with Zoomin.TV, a leading media and entertainment platform, to establish the world’s largest network for video content creators.  

Jiang Yusen, executive president of Pear Video shared that in an earlier interview the commercialization of Pear Video is a unique business ecosystem building process consisting of content production, content aggregation and intelligent distribution. Pear Video produces advertising products by seamlessly integrating ads in the high-quality content through title sponsorship, broadcasting, adding superscripts, and making customized design.

According to Pear Video’s public record, its earliest round of funding was made on November 16th, 2017. At that time, Pear Video secured RMB 167 million (USD 26.6 million) for its pre-Series A round of funding from the investment arm of a leading Chinese news portal People.cn. In the meantime, Pear Video was said to be negotiating with People.cn over a series of strategic cooperation agreements. During the early days of Pear Video, it got RMB 500 million (USD 79.7 million) investment from China Media Capital (CMC) which is led by Li Ruigang (known as China’s Rupert Murdoch). CMC has 70% shareholding of Pear Video.

------------------------------------------------------------------------------------------------------

The article is edited by @Yi LIU (Email: yiliu@tmtpost.com;  Mobile/WeChat: +86 13911703028). The Chinese version article is published with authorization from the author @TMTpost, please note source and hyperlink when reproduce.

Follow us now on Twitter @tmtpostenglish, on Medium @TMTpost, and Instagram @tmtpost_english

本文系作者tmtpost授权钛媒体发表,并经钛媒体编辑,转载请注明出处、作者和本文链接
想和千万钛媒体用户分享你的新奇观点和发现,点击这里投稿 。创业或融资寻求报道,点击这里

敬原创,有钛度,得赞赏

”支持原创,赞赏一下“
钛粉74059 钛粉35141 钛粉12618 钛粉20295 钛粉05059 钛粉69389
421人已赞赏 >
421换成打赏总人数421人赞赏钛媒体文章
关闭弹窗

挺钛度,加点码!

  • ¥ 5
  • ¥ 10
  • ¥ 20
  • ¥ 50
  • ¥ 100

支付方式

确认支付
关闭弹窗

支付

支付金额:¥6

关闭弹窗
sussess

赞赏金额:¥ 6

赞赏时间:2020.02.11 17:32

关闭弹窗 关闭弹窗

Oh! no

您是否确认要删除该条评论吗?

注册邮箱未验证

我们已向下方邮箱发送了验证邮件,请查收并按提示验证您的邮箱。

如果您没有收到邮件,请留意垃圾邮件箱。

更换邮箱

您当前使用的邮箱可能无法接收验证邮件,建议您更换邮箱

账号合并

经检测,你是“钛媒体”和“商业价值”的注册用户。现在,我们对两个产品因进行整合,需要您选择一个账号用来登录。无论您选择哪个账号,两个账号的原有信息都会合并在一起。对于给您造成的不便,我们深感歉意。