Chinese WAP Portal Receives Over $10M In VC Funding

Not sure if this is completely verified, but Pacific Epoch reports quoting another Chinese story that local WAP portal 3g.net.cn has received over $10 million in funding from JAFCO Asia, Wi Harper and IDGVC, reports 21st Century Business Herald. This is 3g.net.cn’s second round of funding. IDGVC invested several million dollars in the company in 2005. The site’s main revenue source is WAP advertisements, and generates about one million Yuan a month.

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