HONG KONG -- Kuaidian, a Chinese storytelling mobile app that offers an immersive experience through a dialogue-based text-message reading format, has closed nearly $100 million in a Series C round of financing led by Sequoia Capital China.
The Series C round, which was oversubscribed, saw the participation of Kuaidian's existing shareholders including global venture capital company GGV Capital, Chinese early-stage venture capital fund Morningside Venture Capital and other investors, according to a statement on Tuesday.
