SKY NETWORK TECHNOLOGIES (SKY-MOBI), the leading cellphone application platform developer and operator in China successfully closed its series A private placement with Sequoia Capital CHINA. JoveOne Capital acted as the exclusive financial advisor to the Company in this Transaction.

SKY-MOBI is the leading mobile terminal platform developer and operator in China. Its SKYEngine platform is compatible to all types of cellphone terminal units and operating system. Through the SKYEngine platform, client can easily manage and update the applications (IM, MUSIC, GAME, 2-Dimensional Bar Code, mobile blog and other different SP applications) in the handset when it’s in the end users. As it is broadly accepted and built in by those cell phone manufacturers and design houses, it can act as a powerful software developing and marketing platform to those CPs and SPs. With the injection of the capital, SKY-MOBI will further strengthen its R&D and operating team.

JoveOne Capital is a leading investment bank in providing private placement and mergers & acquisitions service in China. We focus on technology, Media, telecom, chain business and other high growth industries and provide our clients with best financial advice and services. We realize clients’ value and beyond clients’ expectation with our service, and develop together with our clients thru the realization of our clients’ goals.