China Tech Newsletter – May 4th, 2016

LinkedIn China has had more than 20 million users, according to Derek Shen, CEO of LinkedIn China. (via Sina Tech)

Mobile social service Momo acquires a 3% stake in mobile game startup Cilu Game for RMB9 million (US$1.4M). (“Items Worth Buying”), an online social shopping community, generated some RMB2.5 billion (US$380M) in gross merchandize volume in 2015. Founded in 2010, the company received RMB100 million (US$15M) in Series A round of funding from China Growth Capital at the end of 2015. (via iHeima)


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