Sierra Ventures leads Series C round for China's Social Touch
Chinese social marketing services provider Social Touch has raised $10 million in Series C funding from a group of investors led by Sierra Ventures. Legend Capital and GGV Capital, which backed the company in its previous two rounds, also participated.
Rui Zhang, Social Touch's CEO, said the new funding would be invested in production development and R&D, in expectation of "explosive growth" in demand from Chinese companies for social media management,...
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