IDG, Shunwei Join $20M Round In Chinese Senior Citizen Dance Video Firm Tangdou

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As the Chinese population ages, venture capitalists are increasingly betting on start-ups focused on serving senior citizens in the country.

IDG Capital and Frees Fund just invested US$5 million in Tangdou, an online video portal and mobile app for group dance exercises

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Nina Xiang is the co-founder and managing editor overseeing editorial content and product development at CMN. Before founding CMN in 2011, Nina worked at BusinessWeek magazine in Beijing and Institutional Investor magazine in New York, writing about business and financial services. While in New York, she also served as part-time correspondent for Shanghai's financial television channel, China Business Network, as well as China Radio International, China's national English-language radio network.