Shenzhen Danale Technologies Co., Ltd. announced that it will receive CNY 50,000,000 in an equity round of funding from new investor, Shenzhen Xinguodu Technology Co., Ltd. on April 9, 2015. The company signed a capital increase agreement with the shareholders of the company. The investor will acquire 30% stake of the company on completion of the transaction.

The amount of CNY 1,607,143 will be added to registered capital and CNY 48,392,857 will be added to capital reserve of the company of the company. The transaction has been approved at 9th special session of the 3rd directorate meeting of the investor. The company generated total assets of CNY 5,635,591.58, total liabilities of CNY 13,517,480.71, negative net assets of CNY 7,649,939.11, revenues of CNY 1,027,568.16, and net losses of CNY 5,774,525.26 for the year ended on December 31, 2014.