WiWide: Tencent, Dianping Lead $49M Series C In Wifi Provider WiWide

Beijing-based Chinese business wifi service provider WiWide Inc. has completed RMB300 million (US$49 million) series C financing from Tencent Holdings Limited and Shanghai-based Yelp-like review website Dianping.com, according to an announcement posted on the company's official Weibo account. The company's management team will remain the largest shareholder after this round of financing, says the statement. […]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.