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Aggregated China Business Blogs
Phoenix New Media Gives $18M Loans To News App Unit Yidian
Aggregated Source: China Money Network
mobileChinese online media company Phoenix New Media Ltd. has granted a RMB120 million (US$18 million) unsecured loan to Particle Inc. as the news mobile app operator continues to burn capital in order to obtain more users. Phoenix previously granted unsecured term loans in the aggregate amount of US$34.8 million to Particle in January, April and […]

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