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Rumor: Kylin Lands USD 20 Mln in New Funding

Sina Tech, 8/03/11

An industry source said today that Beijing-based online game developer Kylin had completed a new USD 20 mln round of funding from investors including CDH Investments and the Shenzhen Capital Group. The new investment represents a 20% share in Kylin at a valuation of USD 100 mln.

A source at Kylin confirmed that the company had completed a new found of funding, but declined to divulge details. Kylin CEO Shang Jin declined to comment.

Keywords: Kylin Shang Jin Internet funding valuation CDH Investments Shenzhen Capital Group online gaming

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