technology news June 15th morning news, stage music announced that it has completed D round of financing of $235 million in the first series. The financing by the Huasheng capital, build venture capital (CoBuilder Partners) and a large domestic insurance institutions lead investor, investors and other investment in investment will continue to be announced after the completion of the current round of financing, Huaxing capital acted as exclusive financial advisor.
it is understood that staging music was founded in August 2013 in Shenzhen. At the beginning of the establishment of Xianfeng Changqing (the original music by staging Xianfeng Huaxing Angel round of financing); in March 2014, won the China Jingwei cast led tens of millions of dollars A round of financing; in December 2014, obtained by DST (Digital Sky Technologies) lead investor, Bertelsmann with the cast of $100 million B round of financing; in March 2015, by a Jingdong of C group round of strategic investment.
stage music said that the current business has extended to the campus from the blue collar and white-collar crowd, involving 3C digital, outdoor sports, beauty care, education and training, etc. a plurality of closed loop idle away in seeking pleasure of electricity consumption scenarios, the user currently has more than 10 million, covering 31 provinces and regions. At present, the group has set up stage music music, orange finance, money, music, the company’s top assets and other companies.
founder and CEO Xiao Wenjie said, "this round of funding will accelerate the expansion to the whole population stage music business, music and stage will also increase investment, build perfect risk management system, strengthen brand building".