Caixin
BUSINESS & TECH

Pear Video Secures Funding From Tencent, Baidu

Pear Video interviews the trainee performers of Banana Culture Entertainment, a South Korean talent agency, in April 2017. Photo: Pear Video
Pear Video interviews the trainee performers of Banana Culture Entertainment, a South Korean talent agency, in April 2017. Photo: Pear Video

Pear Video has secured 616 million yuan ($98.1 million) in series A funding, paving the way for the short-video platform to supply content to investors including Tencent and Baidu, Caixin has learned.

The cash infusion will value Pear at around 3 billion yuan, sources familiar with the matter told Caixin on Monday.

The financing was led by social media giant Tencent Holdings Ltd., with participation from search engine leader Baidu Inc. Pear is set to offer content to these two firms, which have growing strategic investments in China’s booming online media market, as users turn to mobile devices for news and entertainment.

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