Nov 12, 2012
A source inside Fuzhou-based online game developer and operator NetDragon Websoft's (0777.HK) mobile internet subsidiary, 91 Limited, revealed today that as of October, 91 Limited's 91 Assistant desktop application and mobile app store for the Android platform had served a cumulative total of more than 10 bln downloads.
Beijing-based location-based services provider Momo Technology has completed second-round funding, giving the company a valuation of approximately USD 100 mln, according to independent investment bank China Renaissance, which acted as the exclusive financial advisor for the round, and Momo CEO Tang Yan.
Chinese e-commerce conglomerate Alibaba Group reports that it has set up "service counters" for its B2C subsidiary TMall at more than 800 internet cafes in Guangzhou to allow customers to order and pay deposits for items with an internet café employee who will then place orders on their behalf.
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