Venture capital firm Oak Investment Partners led the B round for Yoyi and was joined by Disney's Steamboat Ventures and Chinese private equity firm Gobi Partners.

Yoyi Media, a China-based provider of online advertising and marketing services, has raised $20m in its series B round a year after closing $12m in its first round from media group Disney’s corporate venturing unit.

Venture capital firm Oak Investment Partners led the B round for Yoyi and was joined by Disney’s Steamboat Ventures and Chinese private equity firm Gobi Partners.

Perry Chui from Steamboat, who joined Yoyi’s board at it’s A round, said: We continue to be…