Shenzhen-based news aggregation mobile app maker Xiaozhi has completed RMB200 million (US$32 million) new round of financing from Chinese media and entertainment firm, Enlight Media Group, and China Renaissance, according to Chinese media reports. Founded in 2010, Xiaozhi currently has 70 million mobile app users with daily active users of eight million. The company reportedly […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.