Mokuai Technology
魔筷科技
Mokuai Technology (魔筷科技) is an influencer e-commerce service platform that provides SaaS systems and transaction services for online creators, anchored around a partnership with Kuaishou that began in early 2018 . As of late 2020, it had raised hundreds of millions of yuan in a Series C+ round co-led by Eastern Bell Capital and 5Y Capital, with continued participation from Zhongyuan Capital, Gaorong Ventures and Micang Capital ; prior strategic investors included Kuaishou, Tencent and VIP.com . The company also expanded cooperation across Tencent's ecosystem, including Weishi, WeSing, Tencent Video and QQ . Per 5Y Capital's Yunfeng Shi, the bet was on AI playing a "decisive role" in matching creators with products . elsewhere's corpus does not cover more recent developments.
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Coverage
As Fierce as August | 5Y News Monthly
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Social commerce service platform Mokuaan Technology recently completed a Series C+ round of several hundred million yuan, co-led by Eastern Bell Capital and 5Y Capital.
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