Chinese video app gets $50m funding to become China’s answer to Vine

Tech in Asia :: 10-second video app Miaopai has secured US$50 million in series C funding, according to Sina Tech. The investment for the Chinese Vine-like app comes from KPCB, Sina (NASDAQ:SINA), Redpoint Ventures, Ren Quan Ventures, and StarVC.

Read Steven Millward, www.techinasia.com