WeMedia New Media Group, formed in April 2014 through the merger of three enterprises: the earliest self-media alliance in China, WeMedia; the well-known WeChat operator, Rock Interactive; and the established tech media, BiaNews. In June 2015, it jointly established City-WeMedia with Hylink in Hangzhou. In December 2015, it received a 60 million RMB A-round financing from the listed company Meishang Cultural and Creative Co., Ltd. In February 2016, the WeMedia Southern Headquarters was established in Suzhou. In September 2016, the group officially announced a new A+ round of financing of 40 million RMB, led by PGA Ventures, with a valuation of 800 million RMB. On November 25, 2016, WeMedia was officially listed on the New Third Board, with stock code: 839628.
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