News Column Confirms Additional Investment from Shareholders

May 21, 2014

BEIJING, May 21, SinoCast -- confirmed to media that it has gotten investment of USD 50 million or CNY 310 million from existing shareholders to further expand in life service sector. The news is revealed by board chairman and CEO when receiving an interview.

The financing will be used for strategic expansion in new cities to expand mobile service and perfect products and service.

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Source: Sinocast Internet, Media & Online Services Beat (China)

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