Local news app News Break raises $115M

The local focus may be increasingly valuable given the broader economic challenges facing the local news business — as founder Jeff Zheng put it, there’s “strong user demand” for local news but “weak supply.” And the strategy seems to have paid off for News Break so far, with the app reaching the top spot in the News category of Apple’s U.S. App Store multiple times (it’s currently ranked No. 4), and in Google Play as well.

Source: Local news app News Break raises $115M

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