Date
19 August 2017

Investors back app store mobile search venture, paper says

Wandoujia, a leading Chinese Android app store backed by Taiwan IT venture capitalist Kai-fu Lee, secured another round of investment from a consortium led by Japan’s Softbank Corp, Global Times reported Monday. The US$120 million deal is believed to be the largest non-acquisition fundraising venture in 2013. The investment is expected to assure Softbank a 20 percent stake in Wandoujia, according to media reports. 

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