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Mezabay and Legend Venture Acquire

Shenzhen News, 4/01/10

On March 27, US payment services company Mezabay and Singaporean company Legend Venture Pte signed a funding agreement with Beijing-based, a social networking site that requires video authentication of its users. Details, including the amount of the transaction and method of investment, have yet to be released.

Under the terms of the agreement, Mezabay International will acquire a 51% stake in in exchange for nearly RMB 10 mln. Legend Venture Pte will become a partner of, bringing funding, resources, and its experience to the table. will work to release an English version of its site, as well as versions in other languages.

Keywords: Mayi Mezabay Legend Venture Internet funding SNS M&A


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