Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Online Ad Agency Panshi Obtains USD 20 Mln in Funding

ChinaVenture, 1/04/11

Chinese online advertising agency Panshi Information Technology yesterday revealed it had obtained USD 20 mln in funding from Shanghai-based VC firm New Margin Ventures.

Panshi will invest the funds in market channels, R&D systems, and employee retention bonuses. Panshi achieved profitability in 2007. Chairman and CEO Tian Zhu said in 2010 the company had several hundred million RMB in sales, high profits, zero debt, and had not previously received any funding.

Keywords: New Margin Ventures online advertising Tian Zhu Panshi Internet funding VC profit

« Prev Index Next »
Disclaimer

Feedback

Please note, all fields are required.
None of your personal information will be shared with third parties.

SendingSending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Search

Search Marbridge Daily

Marbridge Reports

Baidu, Alibaba, Tencent, JD, & Xiaomi M&A Matrix - Q3 2018
Chinese Mobile Gaming Industry Matrix - Q3 2018