Beijing Mobile Ad Firm Completes $10m Series-B Funding

Beijing-based mobile internet advertising firm Domob has completed second-round financing worth more than $10 million from Qiming Ventures and Redpoint Ventures, TechWeb.com.cn reported July 29. The company was founded in November 2010 by former employees of Baidu (Nasdaq:BIDU), China Mobile (NYSE:CHL, 0941.HK) and Amazon's (Nasdaq:AMZN) China site Joy.cn, and received millions of dollars in investment from Redpoint in February this year, according to the report.