VCs inject funds
By Ding Yining |
July 12, 2012, Thursday
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Print Edition
Print Edition
I-MEDIA, a Chinese mobile Internet advertising company, announced yesterday that it has raised US$20 million in its second round financing from two venture capital firms as investors are banking on strong marketing spending on smartphone platforms and personal mobile devices. Founded in 2010, I-Media secured the first round of financing from IDG Capital Partners last year, and this time received investment from Kleiner Perkins Caufield Byers China and IDG, the company said in a statement.
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