[August 11, 2010] NetQin Financed USD35mn Tweet BEIJING, Aug 11, 2010 (SinoCast Daily Business Beat via COMTEX) -- Lin Yu, founder and CEO of NetQin Mobile Inc., a mobile phone security service provider, reveals at a release conference of the company's anti-virus software V4.0 that NetQin has attracted three rounds of venture capital investments, financing USD 35 million. Within three years, the company will float shares on capital markets like the Nasdaq. Lin discloses that NetQin has provided mobile phone security service for more than 55 million users in over 200 countries and territories around the world and taken more than 68% of the Chinese market. From the fourth quarter of 2009, the company began to make profits. NetQin does not charge users for anti-virus service and only asks for payment for the update of virus database. The investors of NetQin include Sequoia Capital, GSR Ventures, Ceyuan VC and Fidelity Asia VC. They hope that the investment target could go public within 12 to 18 months. Lin points out that although his company has launched anti-virus software, it still earns money from providing service. Hence, NetQin will not be listed as a software builder. Source: www.thebeijingnews.com (August 11, 2010) [ Back To TMCnet.com's Homepage ]