Newestage successfully secured a multi-million RMB Series A+ financing round to enhance its audio-video social platform, attracting significant investments from top institutions in China and Japan.

Information on the Target

Newestage, a project backed by Qingliu Capital, has successfully completed a Series A+ financing round, securing several tens of millions of RMB. This round saw participation from leading institutions in both China and Japan, including Qingliu Capital, SIG, Xiaofeng Changqing, and Meihua Capital from China, along with Mizuho Capital, GREE Inc., Pierrot Co., Ltd., and Daichi Shokai from Japan. The proceeds from this financing will primarily focus on enhancing content and user acquisition for their audio-video community platform.

Newestage’s flagship product, Stager Live, has transitioned from the preparation phase focused on Japanese content to a more interactive 3.0 social platform. This new version aims to provide users with a more engaging and entertaining experience, catering to both one-on-one and group social interactions. The inclusion of four new Japanese investors is strategically significant for Newstage’s commitment to expanding its presence in the Japanese market.

Industry Overview in Japan

Japan is recognized as one of the most advanced countries in terms of entertainment culture, with a robust appetite among its youth for innovative entertainment solutions. The country's entertainment industry is not only well-established but also