Chinese content distributor gets a Korean investor

Netflix-like content distributor raised $324 million and set the timeline to list in Hong Kong next year.

Zhejiang Panshi Information Technology, a Chinese digital content distributor based in Hangzhou, announced Wednesday that it received Rmb2.25 billion ($324 million) from its series D round of fundraising from a group of investors including South Korea’s Hana Financial Group.

¬ Haymarket Media Limited. All rights reserved.

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