China’s mobile social CRM service provider Social Touch announces it has landed $456 million HKD ($58.8 million USD) of Series D financing from Legend Holdings, the parent company of Lenovo, in exchange for an undisclosed share.
The startup has snagged tens of millions dollars in Series C led by Sierra Ventures and followed by existing investors of Legend Capital and GGV Capital. With the new financing, the company is going to increase investments in technology development, mobile advertising and consulting services.
Founded in 2011, Social Touch offers social media services that enable enterprises to create, manage and track social campaigns on Chinese social networks like Weibo and WeiChat.
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