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The News Lens Completes Series C Funding Round, Welcomes Key Strategic Investors

By The News Lens

Entrepreneurial Ecosystem

Published on Crossroads on 2018/07/04 510 views

The News Lens Completes Series C Funding Round, Welcomes Key Strategic Investors

This article was first published in The News Lens International, a Taipei-based bilingual digital media that provides news, analysis, views and deep reporting from Greater China and Southeast Asia. You can read the original here.

The News Lens (TNL), an independent Taipei-based Chinese- and English-language online media, has completed a fundraising round with existing and new investors and will begin a series of international expansion steps, optimization strategy of its current brands and in-house technology initiatives.

Joey Chung, the company’s CEO and co-founder, announced that TNL will next consider international expansion, including through partnerships or acquisition of other Chinese-language content producers. TNL’s moves would be supported in part by the new funding round.

Investors who participated in TNL’s latest funding round, valued at US$3-4 million, include several high-profile individual investors. Among them are Silicon Valley-based YouTube co-founder Steve Chen; Twitch co-founder Kevin Lin; and Guitar Hero co-founder Charles Huang. In addition, several funds participated in the round, including Dorcas; Hazel Asset Management; Walden International; and North Base Media, an original seed investor in TNL.

Photo Credit: The News Lens

The News Lens CEO, Joey Chung.

TNL has been growing both organically and through acquisitions. Earlier this year, it acquired a top Taiwan tech website, INSIDE, and a top Taiwan sports website, Sportsvision. A key focus now will be to restructure internally into a media group to optimize the traffic and sales potential of each brand.

“Our goal is to gradually build the most effective and biggest digital-media company for global Chinese millennials and become the leading digital media group in Taiwan within this year,” CEO Joey Chung said. “We will use a combination of technology and capital to position TNL as a market leader, both in Taiwan and across Asia, and are extremely excited to connect early at this crucial stage with these key international investors and entrepreneurs.”

TNL has been building a strong technical team and expects later this year to roll out an in-house content-management system and data-analytics platform, Chung said. “We want to build strong products with a technical edge with significant revenue potential, while maintaining our independent journalistic ideals.”

Mario Yang, TNL’s co-founder and chief content officer, said he sees considerable opportunity in developing products that connect with younger, Chinese-speaking audiences across Asia and internationally. “The quality and relevance of our content defines us for our followers and for our commercial partners. We will continue developing new content with that original ideal in the belief that the need for valuable information will never change and hope to soon expand our reach to more international markets.” he said. Traffic to TNL continues to grow, and is up by a third from a year ago.

About The News Lens: The TNL Media Group is based in Taipei and publishes content under four brands: The News Lens for valuable new and opinions; ELD for lifestyle and fashion; INSIDE for technology news and trends; and SportsVision for sports news and commentary. It employs a staff of about 80 in Taipei and Hong Kong. Combined, the group has around 9 million monthly unique readers.

For more information, please contact Joey Chung at joey@thenewslens.com and Mario Yang at mario@thenewslens.com

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About the Organization
The News Lens
The News Lens

The News Lens (TNL) is Taiwan’s answer to millennials’ call for trustworthy, balanced media in the digital age. Launched in 2015 in Taipei, the international edition (TNLi) provides news, analysis, thought-provoking views and deep reporting from Greater China and Southeast Asia. Reflecting the liberal democratic values for which Taiwan is renowned, TNLi strives to provide stories you want to share, offering a blend of high-quality journalism and heartfelt opinion writing. And as independent media backed by angel and venture capital, our editorial is free to pursue the stories that matter most to our readers, wherever they may lead.

Email: editor@thenewslens.com Phone: