Beijing-based Kuaikan World, an online marketplace that allows users to buy e-comic books, has bagged $125 million in capital financing.
Kuaikan World received the new funds from Chinese internet giant Tencent Holdings.
With the financing deal, Kuaikan World and Tencent intend to cooperate at the business level in areas of user traffic and intellectual property.
More so, the company will use the new funds to support authors on its platform by monetizing their creations.