BlueFocus Communication Group (SZ: 300058) announces to acquire 100% of mobile advertising network Domob Ltd. and 95% of Domob.cn for US$289 million and a 51% stake in mobile ad platform Madhouse Inc. for US$61.2 million. BlueFocus will invest US$10 million more in Madhouse that will increase its stake to 54.77% after the deal completes.
It is estimated BlueFocus’s mobile advertising business will become the largest by revenue in China. BlueFocus expects to make RMB3 billion (about US$484m) in mobile advertising revenues this year, with two thirds from Domob and Madhouse.
Baidu has led two investments in two WiFi solution providers, 16WiFi and Qianhai Mobile.
16WiFi’s in-vehicle WiFi solution has been available in 22 cities including Beijing and Shanghai, according to the company. It’s also testing its solutions in subway trains in Beijing and Changsha.
VisionChina Media Inc. announced its affiliate Shenzhen Qianhai VisionChina Mobile Interactive Co., Ltd. (Qianhai Mobile) had raised approximately US$11.5 million in Series A round of funding led by the search giant.
Baidu announced to acquire Japanese native ad network Popin. (via Sina Tech)
After selling 91Wireless, the leading mobile app distribution platform, to Baidu, NetDragon began to develop online education services.
The startup started off in 2013 as a platform of user-generated tips for travellers shopping abroad and then began selling goods imported from countries such as Japan and South Korea.
Local lifestyle service platform Wowo announced to merge with Hong Kong-based Join Me Group (HK) Investment Company Limited (“JMU”).