VENTURE CAPITAL POST

China-based Social media marketing firm KMSocial has raised tens of millions of dollars in a Series B funding round led by Fosun Venture Capital Investment. Existing investor Fidelity Growth Partners Asia also participated in the said round, according to VentureBeat.

Joyme.com, a mobile game portal company based in Beijing, has received $21.5 million in funding in a round led by Fosun Venture Capital Investment and joined by existing investor BlueRun Ventures.