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Jun 13

China’s YOU On Demand raises $10.9m in private placement

YOU On Demand, China’s first national pay-per-view and video on demand (VOD) platform, has closed a private placement of its common shares with a group of institutional and accredited investors.

The company received gross proceeds of $10,917,806 (£6.6m) through the sale of 124,065,972 common shares.