Tech Chinese fitness app Keep raises $80 million on the rise of home workouts Staff Editor May 27, 2020 Share on Facebook Share on Twitter Share via Email Subscribe Now Log in Chinese social fitness app Keep has raised $80 million in a Series E, reportedly gaining unicorn status after the funding round. Why it matters: The capital raise signals investor confidence in China’s social fitness app market, which boomed during the Covid-19 self-isolation period when millions were confined indoors. During a capital shortfall in late 2019, Keep had fallen onto hard times and in October reportedly laid off up to 15% of its staff.China’s online fitness apps saw user numbers jump 12% year on year in the first quarter of 2020, a report from research institute Iresearch showed. READ MORE @ TECHNODEChinese social fitness app Keep has raised $80 million in a Series E, reportedly gaining unicorn status after the funding round.... Membership Required You’ve reached your 3-article monthly limit. Subscribe to ATN Pro for unlimited access to industry-leading coverage, insights, and analysis shaping the future of fitness and wellness. ATN Pro members get: Unlimited access to Athletech News articles Exclusive access to ATN Pro-level reporting Discounts to ATN the Innovation Summit VIP access to community events Exclusive email newsletters Subscribe Now Already a member? Log in Already a member? Log in here Tags: Keep
