Q&A Site Zhihu Completes USD 100 Mln Series D
Sina Tech, 1/12/17
Beijing-based Zhizhe Tianxia Technology, operator of Q&A site Zhihu.com, has announced the completion of USD 100 mln Series D funding from Capital Today, and existing Zhihu shareholders including Tencent (0700.HK), Sohu's (Nasdaq: SOHU) online search subsidiary Sogou, SAIF Partners, Qiming Information Technology, and Innovation Works. Kai-Fu Lee, founder of Innovation works, revealed that following completion, Zhihu.com would be valued at more than USD 1 bln.
According to Zhihu's CEO Zhou Yuan, in 2017 Zhihu will aim to build a massive knowledge platform to satisfy the needs of its wide-ranging knowledge consumers and institutional partners.
Zhihu reported that in 2017, the platform had more than 65 mln registered users, and an average of 18.5 mln daily active users. In 2016, users raised more than 6 mln questions, posted more than 23 mln responses, and wrote 1.51 mln articles.
In January 2011, Zhihu.com received RMB 7-digit angel funding from Innovation Works, followed by USD 7-digit Series A funding from Qiming Venture Partners in January 2012. In June 2014, SAIF Partners and Qiming Venture Partners made a USD 22 mln Series B investment, and in September 2015 Zhihu received USD 55 mln Series C investment from several investors, including Tencent and Sogou.
Editor's Note: For more information on this topic, please see "Update: Tencent Leads USD 55 Mln Series C Investment in Q&A Site Zhihu," MD 11/05/15 and "Rumor: Q&A Site Zhihu Lands USD 22 Mln Series B," MD 6/13/14 issues.
Keywords: Zhou Yuan funding Series D Capital Today VC M&A Kai-fu Lee Internet Sogou Tencent Q&A Qiming SAIF Sohu 0700.HK Innovation Works Zhizhe Tianxia Zhihu valuation
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