Tantan, a Beijing, China-based dating app provider, raised $70m in Series D funding.
The round was led by YY Inc and Genesis Capital with participation from SAIF and Zhongwei Capital.
The company, which has raised $120M in total, intends to use the capital to increase its market presence in the arena of social networks for young singles, and bring new product and services to users.
Launched in 2014 and led by Wan Yu, CEO, Tantan allows young people to swipe left (pass) or right (like), and chat only with the ones they like. It also has a back-end system designed to prevent harassment and spams, features which help Tantan attract a large amount of young people, especially young girls.
The company will now explore artificial intelligence technology and expand new markets in the future, to help more users access accurate, personalized and efficient social experience.
Tantan after the latest series D. Investors include Bertelsmann Asia Investments, Vision Capital, DST, DCM, KPCB and LB Investment.