The bite-sized video streaming platform, which counts a host of corporates among its investors, has revealed $400m in funding along with its launch date.

Quibi, the US-based online streaming startup backed by corporates Disney, Warner Bros, Entertainment One, Alibaba and Sony, has raised $400m from undisclosed investors, CEO Meg Whitman told Forbes yesterday. The company is developing a mobile-focused platform that will host bite-sized news, entertainment and reality television series which will be released in increments of 10 minutes…

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