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 move.
Burbank is counting on in his other investments
Burbank has been investing in Chinese and Japanese internet companies recently, and while Sungy...
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