Yeahmobi: YeahMobi Claims to Be Worth $1 Billion But Are They Fakes?

PACEDm.comYeahMobi claims that they just raised $100 million for their very secretive advertising network. The Xi'an, China-based company is now claims they are worth at about RMB 5 billion (almost 1 billion?). They claim that investors in the private placement include Beijing Bohai Tongxin Private Equity Fund (RMB 120 million), Nanjing Huawen Hongsheng Startup Investment Fund (RMB 100 million), Shenzhen Qianhai Bochuang Private Equity Fund (RMB 60 million), and 11 others. The funding is said to be used as working capital needed in mobile advertising business in subsidiary companies and branches, as well as acting as reserve fund for the company's M&ABrought to you by Pace Lattin