China’s Weibo Backs Y-Platform in $3.5 Million Round
Y-Platform runs one of the most popular social media accounts in China, depicting the daily lives of foreigners in the country
Meir Orbach | 12:58 23.03.2020
Nasdaq-listed Beijing-based social media platform Weibo Corp. has led a $3.5 million series A funding round in social media startup Y-Platform, the latter announced Monday. Shenzhen-listed online gaming company Beijing Kunlun Tech Co. Ltd. also participated in the round, bringing Y-Platform’s total raised to date to $5 million. Founded in 2017 by Israeli entrepreneurs Raz Gal Or and his father, Amir Gal Or, Y-Platform runs one of the country’s most popular social media accounts. Depicting the daily lives of foreigners in China, it has 70 million subscribers on Weibo, Bilbili, Tiktok, and WeChat.