Mobile Ad Platform Mobvista Wins USD 40 Mln Series B Funding

Tencent Tech, 7/09/15

Guangdong-based mobile ad platform operator Mobvista has completed USD 40 mln Series B funding from Shanghai Culture Industry Equity Investment Fund and Haitong Leading Capital Management. Mobvista previously completed USD 8-digit Series A funding from Chinese internet company NetEase (Nasdaq: NTES) in October 2014.

Currently, Mobvista's global advertising business covers China, India, South East Asia, Russia, and North America. Early in 2015, the company signed a deal with US internet giant Google to become a core partner with Google Adwords, and the company employs 260 people in offices across Hong Kong, Guangzhou, Beijing, and San Francisco.

Editor's Note: For more information on this topic, please see "NetEase Invests USD 8-digit Sum in Mobile Ad Platform Mobvista," MD 10/08/14 issue.

Keywords: Culture Industry Equity VC mobile advertising funding wireless Haitong Leading Capital Mobvista second-round

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