There were 60 investments in Chinese mobile Internet services, totaling $129 million, in the first quarter of 2013, according to a report released by Zero2IPO Research.

Ni Zhengdong, CEO of Zero2IPO, shared his insights at the third summit on China mobile Internet sector organized by Zero2IPO. The reason that 2011 was the best year in terms of the total amount was it was very easy to raise funding back then and venture capital was investing like crazy. The total amount in investment in the fisrt quarter of this year isn’t big, he pointed out, the total number of cases increased a lot.

Investments in China Mobile Internet Market

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Tracey Xiang

Tracey Xiang is Beijing, China-based tech writer. Reach her at traceyxiang@gmail.com