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- Kuaidian Yuedu
Kuaidian Yuedu Funding, Investors & Competitors
Kuaidian Yuedu has raised $147M across 4 funding rounds, most recently a $100M Series C in July 2020.
Last Kuaidian Yuedu funding round
$100M
Series C · Jul 2020
Cumulative funding Kuaidian Yuedu raised
$147M
across 4 funding rounds
Key investors in Kuaidian Yuedu
GGV Capital
5Y Capital
DCM Ventures
HSG
Morningside
Blue Lake Capital
Kuaidian Yuedu Overview
About Kuaidian Yuedu
Kuaidian Yuedu is a mobile app platform delivering story reading content. Available at www.kuaidianyuedu.com, it features serialized novels, short stories, and user-generated tales across romance, fantasy, and mystery genres. Targeted at Chinese readers, the app supports offline downloads, personalized recommendations, and community interactions for immersive literary experiences.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Subscription
Kuaidian Yuedu Funding History
Kuaidian Yuedu has raised a total of $147M across 4 funding rounds.
Kuaidian Yuedu's first fundraising round was a $5M Series A in September 2017. The most recent completed round was a $100M Series C in July 2020.
Kuaidian Yuedu funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jul 2020 | Series C | HSG (lead); 5Y Capital; GGV Capital; DCM Ventures | $100M | Kuaidian Yuedu (Kuaidian) is a Beijing-based Chinese mobile app providing immersive storytelling through a dialogue-based, text-message reading format, launched in May 2017 targeting young users. It supports user-generated content (UGC) with over 30,000 short-form mobile soap operas available, dubbing for novels, social features like posting, friending, and hashtag-based recommendations. The platform had about 5 million daily active users (DAUs), with 70% of users purchasing video content, and generates income from online advertisements and premium memberships. Sources report Kuaidian closed nearly $100 million in an oversubscribed Series C round led by Sequoia Capital China, with participation from existing investors including GGV Capital, Morningside Venture Capital, and others; Each Capital acted as exclusive financial adviser. Proceeds were allocated to building the content ecosystem, IP creation, product optimization, team expansion, and launching 20-30 self-made mobile series that year. Prior funding included tens of millions USD in Series B (Sep 2018) from GGV Capital, Morningside Venture Capital, DST Global, and DCM; and $5 million Series A+ (Sep 2017) from GGV Capital, Morningside Venture Capital, Blue Lake Capital. |
| Apr 2019 | Undisclosed stage | GGV Capital | $28M | Kuaidian Yuedu is a Beijing-based Chinese storytelling mobile app offering immersive experiences through dialogue-based, text-message reading format with UGC-based short-form mobile soap operas. It had about five million daily active users, over 30,000 available short-form series, and about 70 percent of users purchasing content, generating revenues from online advertisements and premium membership at the time of its Series C round. The Series C was nearly $100 million led by Sequoia Capital China with participation from existing investors including GGV Capital, Morningside Venture Capital, and others; proceeds were for content ecosystem, IP creation, product optimization, and team building, targeting 20-30 self-made series that year. Previous rounds included a Series B in September 2018 raising tens of millions of USD from GGV Capital, Morningside, DST Global, and DCM, and a Series A+ in September 2017 of $5 million from GGV Capital, Morningside, and Blue Lake Capital. |
| Oct 2018 | Series B | DCM Ventures (lead); GGV Capital (lead); 5Y Capital | $14M | - |
| Sep 2017 | Series A | Blue Lake Capital (lead); GGV Capital (lead); Morningside (lead); 5Y Capital | $5M | Kuaidian Yuedu is a Beijing-based Chinese storytelling mobile app offering immersive experiences through dialogue-based, text-message reading format. Launched in May 2017, the platform enables user-generated content, dubbing for novels, posting, friending, and hashtag creation for customized recommendations. In September 2017, it secured a $5 million Series A+ round from GGV Capital, Morningside Venture Capital, and Blue Lake Capital. The company had about five million daily active users, over 30,000 UGC-based short-form mobile soap operas on the platform, and about 70 percent of users purchasing video content around the time of its later Series C round. Kuaidian generates revenues from online advertisements and premium membership. It planned to launch 20 to 30 self-made mobile series following its Series C funding led by Sequoia Capital China. |
Who has invested in Kuaidian Yuedu?
6 investors have backed Kuaidian Yuedu across its funding rounds, including GGV Capital, 5Y Capital, DCM Ventures, HSG, Morningside and Blue Lake Capital.
Lead investors include HSG, DCM Ventures, GGV Capital, Blue Lake Capital and Morningside.
Kuaidian Yuedu Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Sep 2017 | ||
| 3 | Participant | Sep 2017 | ||
| 2 | Lead | Oct 2018 | ||
| 1 | Lead | Sep 2017 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialKuaidian Yuedu Competitors
Kuaidian Yuedu competitors include listed companies like Duolingo and Graham Holdings, and private ones like Kajabi, Domestika, Luoji Siwei and Getcourse.ru.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $100M | - | $2B | 20.0x | ||
| Private | - | - | $1.3B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $600M | - | ||
| Publicly listed | $1B | $152M | $6.9B | 4.9x | ||
| Publicly listed | $4.9B | $682M | $4.8B | 1.0x |
Kuaidian Yuedu Public Comps
Kuaidian Yuedu is still privately-owned, but its public comps include Duolingo, Graham Holdings, Stride, East Buy, COL Global, McGraw Hill, Alef Education, Youdao, Coursera and Afya.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1B | $152M | 5.4x | 4.9x | 37.3x | 17.9x | |||
| $4.9B | $682M | 1.0x | 1.0x | 7.3x | - | |||
| $2.5B | $580M | 1.2x | 1.2x | 5.1x | 4.8x | |||
| $850M | $98M | 3.0x | 2.8x | 26.3x | 22.4x | |||
| $247M | ($78M) | 10.8x | 8.9x | (34.3x) | (2053.7x) | |||
| $2.1B | $613M | 2.4x | 2.3x | 8.1x | 6.5x | |||
| $210M | $150M | 8.2x | 7.8x | 11.5x | 11.1x | |||
| $881M | $29M | 2.1x | 2.0x | 63.1x | 33.8x | |||
This data is available for Pro users. Sign up to see all Kuaidian Yuedu competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Kuaidian Yuedu
| When was Kuaidian Yuedu founded? | Kuaidian Yuedu was founded in 2017. |
| Where is Kuaidian Yuedu headquartered? | Kuaidian Yuedu is headquartered in Beijing, China. |
| Is Kuaidian Yuedu publicly listed? | No, Kuaidian Yuedu is a private, VC-backed company. |
| How much funding has Kuaidian Yuedu raised? | Kuaidian Yuedu has raised $147M across 4 funding rounds. |
| What was Kuaidian Yuedu's last funding round? | Kuaidian Yuedu's last funding round was a $100M Series C in July 2020, led by HSG. |
| Who are Kuaidian Yuedu's investors? | Kuaidian Yuedu's investors include GGV Capital, 5Y Capital, DCM Ventures, Blue Lake Capital, Morningside and HSG. |
| Which companies are comparable to Kuaidian Yuedu? | Companies comparable to Kuaidian Yuedu include Kajabi, Domestika, Luoji Siwei, Getcourse.ru, Duolingo and Graham Holdings. |
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