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Chinese All Digital Publishing Invests $36M In SBCVC-Backed AcFun
Aggregated Source: China Money Network
acfunChinese All Digital Publishing Group Co., Ltd. plans to acquire 13.51% of video sharing platform AcFun, backed by SB China Capital (SBCVC) and Youku Tudou Inc., for RMB250 million (US$36 million), according to a disclosure filing. The Chinese online publishing group is purchasing shares from existing investors. SBCVC and Youku Tudou will see their stakes […]

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