The deal provided exits for NetDragon, which received over $1bn in the deal, and IDG Capital Partners.
Baidu Hong Kong, a subsidiary of China-based web portal Baidu, has agreed to acquire China-based mobile app platform and marketplace 91 Wireless for $1.9bn.
Investors granted an exit through the acquisition include online game developer NetDragon, which owned 57.4% of the company, and which will secure a return of more than $1bn from the deal.
Other investors in 91 Wireless included IDG Capital Partners, the China-based corporate venturing subsidiary of publishing and data company IDG, ID Tech Ventures, the investment…
