Mobile App Platform Wandouja Receives Investment From Goldman Sachs


Beijing-based Android mobile app distribution platform Wandoujia has received an additional series B funding from Goldman Sachs, according to Chinese media reports.

The investment size is not disclosed, but this represents Goldman’s first investment in a Chinese mobile Internet company.

The company says it will use the proceeds to develop its mobile content search engine.

Wandoujia received US$120 million series B funding led by SoftBank Corp. in January. DCM and Innovation Works also participated in the round.

Previously, the company received seed funding from Innovation Works in 2010, and US$80 million series A funding led by DCM, with Innovation Works as participating investor in 2012.

Founded at the end of 2009, Wandoujia claims that it has over 300 million users currently.

 

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