The recent winds have been quite tumultuous.
Everyone in the capital market feels they're about to witness the rise of a new power in the internet company sector!
The third financing round for [Youuqu] has thus begun.
After much consideration, Cheng Zhu ultimately chose to let Tencent participate in this round.
However, he did not choose to let Tencent lead the investment.
He needs this backing now.
Yes, just for now.
The lead investor for this round is Red Mountain Capital of the [Fence-sitting].
Red Mountain invested in Kuai Shou quite early on.
After Cheng Zhu launched Youuqu, it also invested in Youuqu as a significant backer of Youu Tea.
What can I say, this is Red Mountain's norm—betting on both sides.
Moreover, the final result is usually that both sides profit.
As the top venture capital firm in the country, Red Mountain indeed has a unique insight.
