China-based online information forum Zhihu has received $100m in series D funding from backers including internet companies Tencent and Sogou, China Money Network reported yesterday.
The corporates were joined in the round by private equity firm Capital Today and venture capital firms Qiming Venture Partners and Sinovation Ventures.
Zhihu operates an online forum similar to US-based Quora, enabling users to crowdsource answers to queries. The platform reportedly has some 65 million registered users as of this month.
The company, which introduced a live querying tool in 2016 allowing individual users to receive payment for answering questions in real time, will use the funding to scale the platform further.
Tencent had previously led a $55m series C round for Zhihu in late 2015 that valued the company at $300m. Zhihu has now raised approximately $187m in funding altogether, its earlier investors including VC firm SAIF Partners, Qiming Venture Partners and angel investor Kai-Fu Lee.