Fengyun Shidai Technology Co., Ltd. announced that it will receive CNY 50 million in an equity round of funding in December 2015. The transaction will include participation from the existing shareholders of the company, Hengxin Mobile Business Co., Ltd., Beijing Hongmingfang Culture Media Co., Ltd., Beijing Shifang Interconnected Investment Partnership (Limited Partnership), a fund managed by Beijing Lichun Capital Management Group Co., Ltd., Beijing Yongxinyou International Media Investment Consulting Co., Ltd., Shanghai Xinchusheng Venture Capital Partnership (Limited Partnership), Wu Jianming, and Zong Juliang. On closing, the registered capital of the company will increase from CNY 62.5 million to CNY 75 million.

The transaction was approved at the 14th session of the 5th directorate meeting of Hengxin Mobile Business Co., Ltd. The transaction is not subject to approval from the shareholders of Hengxin Mobile Business Co., Ltd.