Chinese PE Orient Hontai buys majority in US mobile marketing platform Applovin for $1.4b

Chinese PE Orient Hontai buys majority in US mobile marketing platform Applovin for $1.4b

A man, holding a mobile phone, walks past an electronic stock quotation board outside a brokerage in Tokyo, Japan, December 1, 2015. REUTERS/Toru Hanai

Chinese private equity firm Orient Hontai Capital has announced the purchase of a majority stake in mobile marketing platform AppLovin for $1.4 billion, a deal that will help AppLovin’s expansion plans into new geographies.

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