Recent news related to Meridian Capital China
Recently, Xinsheng Group, an Internet
emotional consumption platform, announced the completion of a nearly RMB 100
million series B1 financing led by Far East Holding and Aiwu Capital. Its app Birthday+
owns more than 60 million users, valued at RMB 1 billion. In September 2015,
Best Birthday raised a RMB tens of millions series A financing from Meridian
Capital. In October 2016, Busines Manager and Xinyidiandian were merged to
create the first platform for scene-based emotional gift consumption. According
to Xinsheng Group, this financing will be used for the continuous exploration
of scene-based emotional links and consumption models, the new retail
directions of its core product-cakes, and the design, R&D and market
operation and promotion of blockchain gifts. As the first platform for Internet
emotional consumption in China, Xinsheng group has two apps - Best Birthday and
Birthday+, and the built-in e-commerce platform Xinyidiandian, which together
provide users with emotional consumption services for birthdays. Users can
access Birthday+ via the app or a small program to manually record or import
their friends' birthdays from their lists of contacts, set up birthday
reminders, and send an electronic card to a friend on his/her birthday. In
addition, users can choose cakes and gifts within Birthday+, and let the
built-in gift helper to recommend real or virtual gifts within their budgets. Xinsheng
Group, jointly invested by seven listed companies and top VC investors such as
Tao Chuang, Jiang Nanchuan-founded Focus Media, NOAH, 360, Yunda, Aiwu Capital
and Far East, is dedicated to helping users to maintain social and emotional
ties. At present, Birthday+ has a user base of more than 60 million, covering
the social and emotional ties of 6.5+ billion people.