Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Digu to Raise USD 25 Mln in Additional Funding

Netease Tech, 4/28/11

Chinese location-based service (LBS) mobile SNS Digu has disclosed that it plans to raise USD 25 mln in two more rounds of funding.

CEO Li Song revealed that Digu's mobile applications have been downloaded more than 2 mln times. Li added that he expects that the LBS social networking market will double in 2011, reaching RMB 12 mln.

Li said that the company is currently working with 30 major brands to provide users with membership cards or discount coupons.

Editor's Note: For more background on this topic, please see "Digu Plans to Raise USD 30 Mln in Additional Funding" MD 4/06/11 issue.

Keywords: market size growth rate Li Song funding wireless mobile SNS Digu LBS mobile application


Please note, all fields are required.
None of your personal information will be shared with third parties.



The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

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