Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Shanda's Tuita Seeks First-Round Funding

Sina Tech, 8/18/11

A spokesperson for, Chinese online media provider and online game operator Shanda Interactive's (Nasdaq: SNDA) rich microblogging product, has said that with the parent company's support, Tuita is now in the process of seeking first-round funding. The company is in talks with several potential investors, and is at the same time issuing stock options to all Tuita project team members.

The spokesperson said it is still to early to reveal any details regarding the exact scale of funding being sought, but did point out that American microblogging service "is already receiving USD 40 mln in funding."

Keywords: Shanda Internet microblogging funding SNDA first-round Tuita stock option

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

Marbridge Reports