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- Chushou
Chushou Funding, Investors & Competitors
Chushou has raised $186M across 3 funding rounds, most recently a $8M Series A in November 2018.
About Chushou
Chushou is a Beijing-based live video streaming service targeting social entertainment. The platform hosted 2.7 million broadcasters with 150,000 daily actives before its 2018 acquisition by Huya, featuring virtual gifting, talent scouting, and mobile apps for user-generated content in gaming and music categories.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Revenue
$14M (Jan 2018)
Chushou Revenue
Chushou's latest recorded revenue is $14M, as of its Series D in January 2018.
Chushou revenue by funding round
| Date | Revenue * | Stage |
|---|---|---|
| Jan 2018 | $14M | Series D |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Chushou Funding History
Chushou has raised a total of $186M across 3 funding rounds.
Chushou's first fundraising round was a $58M Series C in January 2017. The most recent completed round was a $8M Series A in November 2018.
Chushou funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Nov 2018 | Series A | iQIYI (lead); Qiming Venture Partners (lead); GGV Capital | $8M | - |
| Jan 2018 | Series D | Alphabet (lead); AlphaX Partners; Shunwei Capital; Qiming Venture Partners | $120M | Chushou, a Chinese live-streaming and esports video platform, raised a $120 million Series D round led by Google in January 2018. Other investors in the Chinese company over its funding history include Qiming Venture Partners, Shunwei Capital, GGV Capital and AlphaX Partners. Chushou is headquartered in Hangzhou and was founded in 2011. The platform focuses on game and esports streaming and has reported tens of millions of registered viewers and several million streamers. Chushou's reported net assets were 196 million yuan, with annual operating revenue of about 90.3 million yuan and a net loss of about 190 million yuan at the time of the round. Cumulative funding has been reported at about $265 million over five rounds. |
| Jan 2017 | Series C | GGV Capital (lead); Shunwei Capital (lead); AlphaX Partners; Qiming Venture Partners | $58M | Chushou TV is a mobile video live streaming platform focused on games streaming, established under Kaixun Technology in Hangzhou in 2011. The company completed a RMB 400 million (US$58 million) funding round in December 2016, led by GGV Capital and Shunwei Capital, with prior investment from Meisheng Culture, which later withdrew in September 2017. Following this round, Chushou received additional investment, including a $120 million D-round from Google-backed financing, with Kaixun CEO David Cao holding a 54.47% stake in the parent entity and registered capital at 12 million yuan. Chushou's founders and management held 34.75% in Kascend, the operator of Chushou TV, while GGV Capital, Shunwei, and others held 59.08%. The platform operated in the competitive Chinese live streaming market, which saw significant venture capital activity. |
Who has invested in Chushou?
6 investors have backed Chushou across its funding rounds, including Qiming Venture Partners, GGV Capital, Shunwei Capital, AlphaX Partners, Alphabet and iQIYI.
Lead investors include iQIYI, Qiming Venture Partners, Alphabet, GGV Capital and Shunwei Capital.
Chushou Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Jan 2017 | ||
| 2 | Participant | Jan 2017 | ||
| 2 | Lead | Jan 2017 | ||
| 2 | Lead | Jan 2017 | ||
This data is available for Pro users. Sign up to see all 6 Chushou investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialChushou Competitors
Chushou competitors include listed companies like DouYu and RUM Group, and private ones like SoundCloud, mobli, EloElo and Patreon.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $700M | - | ||
| Publicly listed | $573M | ($5M) | $118M | - | ||
| Private | - | - | $1B | - | ||
| Private | $7M | - | $500M | 68.2x | ||
| Private | $80M | - | $4B | 50.0x | ||
| Publicly listed | $101M | ($78M) | $2B | 10.4x |
Chushou Public Comps
Chushou is still privately-owned, but its public comps include Alphabet, Amazon, Meta, Tencent, Netflix, Disney, Spotify, Comcast, NetEase and Fox Corporation.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $403B | $176B | 8.4x | 7.0x | 19.2x | 15.2x | |||
| $717B | $161B | 4.1x | 3.6x | 18.4x | 14.1x | |||
| $201B | $104B | 7.9x | 6.4x | 15.4x | 11.3x | |||
| $113B | $51B | 4.4x | 4.1x | 9.7x | 9.6x | |||
| $45B | $30B | 5.9x | 5.3x | 8.9x | 16.2x | |||
| $94B | $19B | 2.6x | 2.4x | 13.4x | 11.0x | |||
| $19B | $2.4B | 5.9x | 5.3x | 47.9x | 34.8x | |||
| $124B | $46B | 1.3x | 1.4x | 3.6x | 4.9x | |||
This data is available for Pro users. Sign up to see all Chushou competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Chushou
| When was Chushou founded? | Chushou was founded in 2015. |
| Where is Chushou headquartered? | Chushou is headquartered in Shanghai, China. |
| Is Chushou publicly listed? | No, Chushou is a private, VC-backed company. |
| How much funding has Chushou raised? | Chushou has raised $186M across 3 funding rounds. |
| What was Chushou's last funding round? | Chushou's last funding round was a $8M Series A in November 2018, led by iQIYI and Qiming Venture Partners. |
| Who are Chushou's investors? | Chushou's investors include Qiming Venture Partners, AlphaX Partners, Shunwei Capital, GGV Capital, iQIYI and Alphabet. |
| What is Chushou's revenue? | Chushou's latest recorded revenue is $14M (January 2018). |
| Which companies are comparable to Chushou? | Companies comparable to Chushou include SoundCloud, DouYu, mobli, EloElo, Patreon and RUM Group. |
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