Jiemian takes 500 million yuan from state-affiliated investors
COLDSKY.CN – Jiemian, business and financial information provider established by Shanghai United Media Group (上海报业集团), raised 500 million yuan in a Series C round of funding from three state-affiliated strategic investors.
The investment came from China Internet Investment Fund(CIIF,中国互联网投资基金, http://www.ciifund.cn/zwt/gsjj/gsjj.shtml, a 30-billion fund launched by Cyberspace Administration of China and the Ministry of Finance), Huawen Media(http://www.000793.com/gsjj.jhtml) and Shanghai Xuhui State-owned Assets Management
With a tagline “Only Serving Those with Independent Thinking,” the online media outlet Jiemian emerged with Cailian Press in 2018 to offer news report, information, data, service and trading. It owns three popular apps including Lanjing (蓝鲸财经, by Beijing Blue Whale Hunwater Information) and Moer.cn(摩尔金融), which tracks global development of capital market and listed companies.
Qiu Xin, Party chief of Shanghai United Media Group, said Shanghai is developing into an international financial center as a national development strategy and part of the efforts is to enhance the global profile in the international financial sector. Jiemian-Cailian Press will build financial information platform that matches this positioning and make the “Shanghai voice” heard in the world, according to Hexun report (http://pe.hexun.com/2020-08-03/201806898.html)
Shanghai Xuhui State-owned Assets Management said the investment aligns with Xuhui District’s development priorities in AI, culture and media, and Fintech industries.
Zhang Xi, Party chief of Jiemian-Cailian Press, said the company has empowered financial institutes with standard solutions and aims to integrate design, R&D of financial information producst and data management.