SoftBank Leads New Funding Round for $2 Billion Fitness App Keep

Jan. 11, 2021, 12:00 AM

SoftBank Group Corp.’s Vision Fund led a $360 million funding round in the startup behind China’s most popular workout app Keep, as coronavirus-driven gym closures prompt more users to exercise in their homes.

Beijing Calories Technology Co. said its series F round also drew investment from Hillhouse Capital, and Tencent Holdings Ltd. Keep is now valued at about $2 billion after the investment and is weighing an initial public offering as soon as this year, according to people familiar with the matter, who asked not to be identified as the information is private.

Coatue Management, GGV Capital ...

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