China-based online business media company Blue Whale Media has raised RMB100m ($15m) in series B funding from investors including corporates Xiaomi and Cheetah Mobile, China Money Network reported on Wednesday.
Smartphone manufacturer Xiaomi and mobile internet company Cheetah invested together with securities brokerage Tianfeng Securities, which led the round.
Founded in 2012, Blue Whale oversees multiple online platforms covering Chinese business and finance news, as well as a data offering and an advertising syndication tool.
Blue Whale closed a RMB50m series Around in July 2015 and has previously received additional funding from its parent company, Securities Times, itself a subsidiary of state-owned media group People’s Daily.