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Q&A website Zhihu gets $434m in new fundraising round

By Fan Feifei | China Daily | Updated: 2019-08-14 07:39

Chinese question-and-answer website Zhihu has completed a $434 million F-round of financing from investors that include short video platform outfit Kuaishou and internet search engine giant Baidu Inc to bankroll its expansion.

The Beijing-based company's funding is one of the largest investments seen in China's internet culture and entertainment segment over the past two years. It is also the first time that Kuaishou and Baidu have become strategic investors in Zhihu.

The investment will help Kuaishou and Baidu garner more content and fend off competition from Beijing Bytedance Technology Co Ltd. Bytedance owns news aggregator Jinri Toutiao and streaming platform Douyin, and has launched a new search engine In China.

Q&A website Zhihu gets $434m in new fundraising round

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