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Zhongsou Searches And Finds US$6 Million Investment
March 30, 2005 |
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IDG Technology Investment Fund 's Li Jianguang has disclosed to local media that IDG will work with Lenovo Investment Company to make a joint investment of US$6 million in search engine Zhongsou, an affiliate of Huicong International.
IDG and Lenovo Investment Company will each contribute US$ 3 million to the investment. The companies chose Zhongsou was because of the search company's strength in desktop search.
Zhongsou has not made any formal remarks about this cash infusion.
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