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Shutterstock invests in Chinese creative social network

Shutterstock Inc. backed China's ZCool Network Technology Ltd. with a $15 million investment.

ZCool, which operates a creative social network and artist platform, has been the exclusive distributor of Shutterstock's creative content in China since 2014.

The investment is expected to help Shutterstock further expand its presence around the globe. Shutterstock has also appointed a director to ZCool's board, the company said Feb. 22.

Shutterstock is a global provider of licensed photographs, vectors, illustrations, videos and music to businesses, marketing agencies and media organizations.