Qingting FM Completes New Round of Financing, Led by COL, Followed by Xiaomi

Qingting FM Completes New Round of Financing, Led by COL, Followed by Xiaomi

( Source: Smooth Radio)

Sina Tech reported on Monday that Qingting FM, an online audio platform introduced in September 2011, revealed the conclusion of a brand-new round of funding, which was led by COL and followed by Xiaomi, Ruiyi Investment and Puwei Investment. In June this year, the audio platform got an F round of funding led by WeMove Capital.

COL, the prominent financier in this round, was established in 2000, holds a great deal of literary work copyrights and contracted authors. In May, 2020, COL reached a tactical cooperation contract with Qingting FM’s operating entity, Shanghai Microphone Culture Media Co., Ltd. COL supplies Qingting FM with its authorized literary works and Qingting FM promotes COL’s audio deal with the platform.

Xiaomi’s financial investment will promote the user development of Qingting FM. Xiaomi’s Xiaoai Tongxue have actually been utilized on Qingting FM’s platform considering that2018 Based upon previous contracts, Xiaomi’s existing radio items will be submitted to Qingting FM and will be pre-installed on all Xiaomi mobile phones.

In the general environmental design, Qingting FM has actually embraced the technique of cooperation with hardware producers. The business has actually stated that it will continue to check out brand-new applications that can be utilized in cars in the future.

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At present, the variety of month-to-month active users of Qingting FM has actually reached 130 million, and the variety of qualified anchors goes beyond 350,000, covering financing, music, audio books and so on. Qingting FM takes pleasure in more than 500 partners and can be discovered on more than 90 million integrated clever house devices, wearable gadgets and smart automobile terminals.

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Author: admin