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HNTV moderators co-invested in Changba On Janurary 22, Chen Hua, CEO of Changba announced on I can, I sing ceremony that HNTV moderators He Jong, Xie Na and Wang Han co-invested in Changba. However, the amount of invested capital and shareholding ratio are still unkown. The th…

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admin 2016-01-26 Collect

On Janurary 22, Chen Hua, CEO of Changba announced on I can, I sing ceremony that HNTV moderators He Jong, Xie Na and Wang Han co-invested in Changba.

However, the amount of invested capital and shareholding ratio are still unkown. The three moderators might join in a way of the combination of a small amount of cash and brand image spokesmen. Based on the present value of Changba, the shareholding ratio of three moderaors would not be very high, but it can at least achieve a stronger band effect.

Not long ago, Changba signed a cooperative agreement with HNTV, becoming official strategic partner of talent show-2016 Super Girl.

Besides, in August 2015, Changba acquired 873m yuan in D round financing, including 417m yuan from Mango Yintong, 446m yuan from Shanghai Xinpan Culture Investment Center, and 10m yuan from Hua Yin Investment. After the D round, the value of Changba reached 4.3bn yuan. What behind the investor Mango Yintong are listed companies such as Zhongnan Heavy Industry, Mango Media, and Happygo.

According to the statistics from Changba, it now has more than 300 million registered equipment and more than 30 million monthly active users. The total number of user recorded songs reach to 1.5 billion yet. And the peak concurrent user’s number of recording music is 4 million per day.

Last November, Chen Hua, CEO of Changba, dismantled VIE and planned to return to A share listing through WeChat circle. This was estimated to take place in 2016.

Changba was founded in 2011. In December of the same year, it acquired millions of dollars A round capital from BlueRun Ventures. In January 2013, it acquired 15m dollars from Sequoia Capital in B round. In March 2014, it acquired millions of dollars of financing from Vertex and Sequoia Capital in C round.

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