TBP Capital Leads $16M New Round In 51CTO.Com

Beijing-based 51CTO.com, an online platform for the Internet technology community, has completed RMB100 million (US$16 million) new round of financing led by TBP Capital, according to Chinese media reports.

DW Fund, a venture capital firm launched by Rong360’s cofounder Wu Zhengyu, also participated in the round.

Founded in 2005, 51CTO.com provides media content, online education, recruitment services, social networking and events for the Internet technology communities in China.

Its online portals have 12 million registered users, and 25 million daily page views, according to its website.

 
China Expert network

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