BTC China Raises $5M in Series A Funding

BTCCHINAAccording to TechCrunch, BTC China, a Chinese bitcoin trading platform, raised $5m in Series A funding.

Backers included Lightspeed China Partners and Lightspeed Venture Partners.

The company intends to use the funds to expand operations.

Founded in June 2011 by Bobby Lee, Linke Yang, and Xiaoyu Huang, BTC China provides a trading platform for users to buy and sell Bitcoins, in the native Chinese CNY currency. Users also have the ability to store their Bitcoins in the platform.



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