GPs in $90m round for China’s IMS New Media Group
IMS New Media Group, a Chinese social media marketing firm, has raised a RMB600 million ($90 million) Series C round of funding across two tranches, with participation by SAIF Partners, Morgan Stanley, and social media platform Sina Weibo.
CSC Financial, China Merchant Bank, Qiushi Investment and Winshare PE also contributed capital. Following the investment, Weibo CEO Gaofei Wang joined IMS’ board, a statement said. Formerly known as...
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