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Wendi Murdoch Leads News Corp.‘s Investment In Online Ad Firm AdChina; $18.5 Million

Jul 17, 2009 7:55 PM

Update: July 27: The new funding round is $18.5 million, according to an SEC filing. Shanghai-based online ad network AdChina has closed its second round of funding, led by Richmond Management, along with co-investors GSR Ventures (formerly Mayfield China) and News Corporation (NYSE: NWS). The amount was undisclosed, but likely…

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Posted In: Advertising, Money, M&A & Venture Capital, Venture Capital, Countries, Asia, China, adchina

Advertising Network AdChina Raises $10 Million First Round

David Kaplan

Jun 12, 2008 1:48 PM

Shanghai-based ad net AdChina has secured a $10 million first round funding led by Mayfield China. The year-old company also has received unspecified angel funding from Jack Xu, a VP at Cisco (NSDQ: CSCO) and eBay’s (NSDQ: EBAY) former VP of engineering. Chinese ad firms of all sizes are gearing…

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Posted In: Advertising, Money, M&A & Venture Capital, Venture Capital, Countries, Asia, China, adchina, jack xu, mayfield china