Wandoujia (or SnapPea), Chinese Android app distributor and mobile service provider, announced $120 million funding in Series B led by SoftBank Corp. and joined by DCM and Innovation Works Development Fund (IWDF) on Jan.13th .
Not referring to itself as a mere app distributor, Wandoujia positions itself as a service for users to access all kinds of mobile content and services. In the second half of 2013 the company released a mobile video search engine. It’s product portfolio also includes in-app payments SDK for mobile games.
Established in April 2010, Wandoujia is one of the only batch of tech startups incubated by Innovation Works which now is a venture capital fund. DCM let the Series A round of funding, $80 million. Innovation Works participated in all the rounds.