Explosive growth of Chinese media company to 190 million users aided by corporate venturing backers.
Private equity veteran Guy Hands used to sing the Frank Sinatra song My Way when he completed a leveraged buyout, but if he had been a user of China-based Duowan he could have been joined in his karaoke renditions by 190 million others rather than other members in his firm, Terra Firma Capital Partners.
Attracted by its YY service, Duowan has been adding about 10 million users per month, according to insiders, for its service of voice tools (including karaoke)…
