SoftBank Group Corp.’s Vision Fund led a US$360 million ($477 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 US$2 billion after the investment and is weighing an initial public offering as soon as this year (2021), according to people familiar with the matter, who asked not to be identified as the information is private.

Coatue Management, GGV Capital, Bertelsmann Asia Investments, 5Y Capital and Jeneration Capital also participated in the latest funding round, the company added.

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