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Classifieds Site Receives 120M Yuan Investment
Chinese media company Han Rong Media Group's classified ad website Sosoko.com received 120 million Yuan in investment from D&H Capital and Asian Groove HK's subsidiary Powerway, reports 163.com. The investment will be used to construct and develop Sosoko's online platform, as well as integrating Han Rong Media Group's subsidiaries Zhi Gao Advertisement with Dexon Media. The report said that Han Rong Media Group accounts for 70 percent of the classified ad market in Shanghai.
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