RockYou Announces New $17 Million Round

This morning RockYou announced a new round of funding from Softbank and SK Telecom Ventures. Part of this new round of investment involves a joint venture between RockYou and Softbank which focuses on the distribution of mobile and social web applications in Asia. In other words, a significant portion of this round is going toward the large and fast-growing platforms in the east.

Last week I wrote about Chines Facebook-copycat, Xiaonei, launching a payment platform for applications.

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