Chengwei, SIG, Qiming Participate $100M Series B In Apus


Beijing-based Android app development firm Apus Group has received US$100 million Series B financing from Chinese venture firms Chengwei Ventures, SIG Ventures, and Qiming Venture Partners, according to an announcement posted on its official Weibo account.

Existing investors in the company’s series A round, Northern Light Venture Capital and Redpoint Ventures, also participated in the round.

Founded in June 2014 by former vice Ppresident of Qihoo 360 Technology Co. Ltd, Tao Li., Apus received RMB100 million (US$16 million) series A financing from undisclosed investors in June 2014.

Apus develops mobile applications including Apus Launcher, Apus Boost, Apus Search, Apus Radar, Apus Notification and Apus Tools. The company claims it reached a user base of one million in its first week, and 90 million within six months of launch, according to its official website.

Caishen.Co - Primary Data for China Secondary Investment and Stock Markets
 
Caishen.Co - Primary Data for China Secondary Investment and Stock Markets

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