Singapore's Chinese media platform 7.5 Degree raises $ 1.4M in Pre-Series A Funding
Summary
7.5 Degree, a Chinese media and corporate service platform focusing on the new economy in Southeast Asia, has raised $1.4 million in Pre-Series A funding.Venture Capital firm East Ventures has participated in this funding round. However, the Southeast Asian and China markets have different development rhythms, creating an eternal information gap between the two markets.Thus, it is necessary to have a Chinese media and corporate service platform to build a bridge for the players to communicate between the two markets.Looking ahead, Southeast Asia and other emerging markets will develop vigorously. Despite the uncertain global economic conditions, the Southeast Asia startup ecosystem has improved, with higher internet, smartphone and e-commerce penetration rate. And at the same time, we will also focus on corporate service, helping great local and Chinese entrepreneurs and investors make success in the global market, said Chen Xiangling, editor-in-chief of 7.5 Degree. 7.5 Degree is visionary to be the bridge for all the players to access the vigorous market without difficulties with the power of content, technologies, and services.