Mobile Search Service Wandoujia Receives Funding from Goldman Sachs in Series B Funding

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Wandoujia (or SnapPea), Chinese Android app distributor and mobile service provider, received additional capital injection from Goldman Sachs for Series B financing, shortly after the company announced $120 million funding in the same round led by SoftBank Corp. and joined by DCM, Innovation Works Development Fund (IWDF) and SB Pan-Asia Fund this January.

Previously known as a leading Android app distributor in China, Wandoujia now positions itself as a mobile search company and released a 4.0 version which expanded in-app content search service from videos to mobile games, e-books and smartphone themes.

Since the release of 4.0 version in this Jan., the number of users who search videos on Wandoujia exceeded 50 million, while that for users who find e-books and wallpapers surpassed 10 million, according to the company.

Wang Junyu, co-founder and CEO of the company said the capital will help the company to continue its endeavors in building mobile search services.

Four years after its establishment in 2010, Wandoujia now claimed more than 300 million users with over 800k new users added per day.

image credit: Wandoujia