Burbank’s Passport Capital Invests In Chinese Firm Sungy Mobile
John Burbank’s Passport Capital LLC has purchased 6 million shares of Sungy Mobile Ltd (NASDAQ:GOMO), held as 1 million ADR, worth an estimated $16 million according to a recent Securities and Exchange Commission filing. Sungy Mobile Ltd is a Chinese mobile app and platform developer, and anyone familiar with Burbank’s recent acquisitions won’t be surprised by this latest . . .
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