| HOME PAGE | RESOURCES | MOST POPULAR | EDITORS PICKS | EDITORS BLOG | Free 7-Day Trial | Login |
Try The China Perspective Free |
Consumer and Retail |
|
| Thursday, October 16, 2008 00:28:58 |
YeePay receives financing from Intel Capital, DFJ and WR Hambrecht
YeePay, a provider of innovative e-payment services based on Internet, mobile and telephone in China, today announced in a statement the completion of a round of financing led by Draper Fisher Jurvetson, DFJ Dragon and joined by Intel Capital China, WR Hambrecht and several other institutional investors.
Silicon Valley's prominent venture capital firm Draper Fisher Jurvetson, together with its global affiliate fund DFJ Dragon, which is focused on investing in China, led the round of investment in YeePay.
''China is the fastest growing economy in the world. We see major opportunities in the Internet space and payment is one of them,'' said Tim Draper, Managing Director of Draper Fisher Jurvetson.
Launched in April 2005, YeePay has quickly become a market leader in the e-payment space in China. YeePay's services enable merchants to process secure bankcard payments.
Draper Fisher Jurvetson's past successful investments in China including Baidu, Focus Media and KongZhong.
|
Today’s Daily Briefs E-Mail
Sign up for a roundup of the day’s top stories, sent every day.
|
|
|
|
| Archive | About us | Affiliates | Privacy Policy | Contact us | Keywords Partners | China News | Subscriber Agreement & Terms of Use |
|