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Mobile App Developer Tongbu Lands 8-Digit RMB Funding

Tencent Tech, 10/20/11

Kai-fu Lee, chairman and CEO of Beijing-based incubator Innovation Works, and Mike Cai, chairman of Chinese browser game site 4399.com, have acquired a 40% stake in Xiamen-based mobile app developer Tongbu Mobile (Tongbu.com) for an eight-digit RMB sum. Read More