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NetEase Youdao Secures Strategic Funding at USD 1.1 Bln Valuation

Beijing Business Today, 4/17/18

Online search engine and mobile internet application service provider NetEase Youdao Computer System, a subsidiary of Chinese internet company NetEase (Nasdaq: NTES), recently announced the completion of its first strategic funding led by Muhua Jinxin Investment Management with participation from Legend Capital at a post-money valuation of USD 1.1 bln. Read More