Shanghai-based Allyes Information Technology has scored a US$30 million investment from Oak Investment Partners and IDG Technology Venture Investments (IDGVC).
Allyes is an Internet advertisement and "ad on-line" advertisement management service provider. Its products and services also include game tools and online transaction services.
Zhu Hailong, CEO of Allyes, says the cash infusion will help the company expand its Internet advertising presence.
Allyes was established in 1998 and is based in Shanghai. It also has branches in Beijing, Shenzhen, Tianjin, Wuhan and Chongqing.