Source: Tencent Technology
The first We Media Convention hosted by We Media Alliance WeMedia was held in Beijing, WeMedia formally announced to have acquired A round financing of several million USD from Meridian Capital, meanwhile it also announced it would invest 10 million yuan to support outstanding We Media.
Anniversary of WeMedia: Redefine the We Media Man
Qinglong Laozei, founder and CEO of WeMedia, disclosed at the meeting that, the number of Alliance members is now close to 200, covering a number of vertical sectors such as science and technology, automobile, and fine food, members are distributed in all major cities across the nation, their occupations range form media professionals, industry experts, e-commerce traders and entrepreneurs and so on.
Qinglong Laozei indicated that within the past year WeMedia redefined the We Media man, and compiled industry rules of the We Media Alliance, which laid down the industry standing of We Media man, dedicated to making valuable We Media man become more influential, and enabling valuable contents to acquire matching profit, and facilitating valuable We Media to develop We Business through resource integration.
“In the future, media must become channel, content must evolve into service, business must develop mode.” said Qinglong Laozei when describing the future roadmap of We Media.
According to introduction, main functions of the WeMedia Alliance include: We Media man’s Trade association organization, We Media man’s service center, We Media man’s brokerage company, and We Media man’s incubation organization. The Alliance also will provide We Media man with five main basic services including legal support, operation support, technology support, and business support.
WeMedia Announced to Have Been Awarded A Round Financing by Meridian Capital
Tencent Technology reported the news that WeMedia had been awarded A Round financing in March this year, but it was unable to verify the actual investor. At this time’s convention, WeMedia announced Meridian Capital as the A Round investor.
Meridian Capital’s investment management team boasts nearly 20 years of experience in investment management in the culture and new media investment sector, it is dedicated to helping outstanding Chinese entrepreneurs to fulfill the dream of business startup by taking advantage of its rich industry experience and extensive investment resources.
In recent years, as a leading mobile internet investment organization, Meridian Capital has made investment in a number of new media startup enterprises, including famous benchmarking enterprises in the Internet segmented industries such as adSage, PP Assistant, www.500W.com, 51 credit card, www.budejie.com, iChuanYi.com, xiaoenai.com, iAround, www.at321.cn, aidaijia.com and so on.
Speaking of the reason of making investment in WeMedia, Meridian Capital indicated that as a leading organization in mobile internet investment in China, in addition to making main deployment in the channels of tool-type and platform-type traffic portals, it is also mindful of content itself which can generate relatively heavy traffic flow.
According to Meridian Capital, WeMedia is the most influential We Media Alliance in China, its operation in the past year is very effective, the number of contracted We Media men topped 200, the number of loyal readers topped 12 million.
Meridian Capital is very optimistic about WeMedia’s future development, through the way of We Media Alliance, it encourages and helps We Media man to properly generate contents, products and implement brand construction from the aspect of capital, resource, and traffic, aiming to let truly outstanding contents spread widely, and let truly outstanding media talents distinguish themselves, in order to drive forward rapid development of internet new media business mode in China.
WeMedia’s Supporting Plan for We Media: 10 Million Yuan Investment
Dong Jiangyong, Chairman of WeMedia, formally announced relevant details of We Media supporting plan at the We Media Convention.
WeMedia will join force with outstanding We Media men to set up studios, and give comprehensive support to We Media in terms of capital, resource, traffic and service, both sides will share proceeds according to percentage.
Dong Jiangyong disclosed that the total amount of Phase I supporting fund is RMB 10 million yuan, the supporting amount for single studio is RMB 100,000 to 1,000,000 yuan. It is expected this year it will give support to 5-10 We Media man with promising potentials, up till now Sanbiao Longmenzhen and Gouribao both have successfully signed contract. Furthermore, WeMedia will also join hands with multiple state-level incubators to provide studios with high-quality and low-price office venues, apply for taxation benefits and financial aids; it will also provide uniform legal, accounting, administrative and human resource services.
