IVP Fund Invests In China’s Largest Mobile SNS

Logo of tx.com.cn

Infinity Ventures LLP[J], a Tokyo-based independent venture capital unit investing in tech start-up companies, announced today it had invested approximately USD2.1M (JPY200M) in WAPTX (registered in Cayman Islands) running China’s largest mobile SNS called tx.com.cn(天下网)[C] (pronounced as tiān-xià-wǎng).

The service owns 9 million users as of July 2009, and Tokyo-based mobile SNS company DeNA announced last month it would take 50.48% of the entire shares of WAPTX.

IVP Fund was fundraised by the CEOs of mobile service start-up ventures in Japan and Mainland China.

tx.com.cn Screen Shot

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Masaru IKEDA has co-founded several system integration companies and consulting firms in Tokyo. He has been contributing serial columns to nationwide newspapers and IT periodicals, also he's currently serving as tech consultant for several web companies. His biography is here. His private blog is here.

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Masaru IKEDA

Masaru IKEDA has co-founded several system integration companies and consulting firms in Tokyo. He has been contributing serial columns to nationwide newspapers and IT periodicals, also he's currently serving as tech consultant for several web companies. His biography is here. His private blog is here.

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