Asian Tech Press -- Chinese online comics platform Kuaikan Manhua, also known as Kuaikan, announced on its WeChat official account platform that it has closed a $240 million funding round.

The round of strategic financing was invested by China's CCB International, Tencent, Tiantu Capital, South Korean app market operator One Store, and US-based Coatue Management LLC.

According to the information, Kuaikan has previously raised five rounds of financing. The last Series E financing was completed in August 2019 with an investment of $125 million from Tencent.

And this latest financing is the largest single financing for Kuaikan to date.

Anni Chen, Founder & CEO of Kuaikan Manhua, said in an internal email that Kuaikan now has over 340 million total users.