SoftBank Corp’s corporate venturing unit has led a $120m series B round of funding in China’s largest mobile application platform company, Wandoujia. The latest round brings the company’s total funding to date to a reported $128m, having raised $8m from SoftBank, DCM and its incubator, Innovation Work Development Fund, in 2011, all of which have also participated in the latest round.
In a statement, Wandoujia CEO Junyu Wang said that the funding will be used “to accelerate our growth and…