Tue

14

Apr

2009

Qiming Ventures to invest in China's SNS Kaixin001?

Netease reported today that China's popular SNS Kaixin001.com hopes to receive 20 Million US$ in additional funding from its second round of investment. Apart from initial investor Northern Light Venture Capital, rumor has it that Shanghai-based Qiming Ventures will join in for this round. This news is quite startling as local media expected Beijing-based Ceyuan Ventures to close the deal. Netease reports Qiming's Managing Director's reaction on the matter to be: 'No Comment'.

 

Link to original article on Netease (Chinese only): http://tech.163.com/09/0414/07/56RIOS8H000915BF.html

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