Miaopai, a “Chinese Wine”, Raises $ 50 Million

by bold-lichterman

Miaopai, a Chinese video app, similar to Vine, just raised $ 50 million from KPCB, Redpoint Ventures, Ren Quan Ventures and StarVC says Sina Tech. It allows you to create short videos lasting 10 seconds while adding visual and sound effects.

Launched in September 2013, the app claims 20 million users and is used by several Chinese celebrities.

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