Ren Liu, Vice President of ChinaInterActiveCorp. (InterActive) and Founder of Donews, said on April 30 that InterActive secured US$430M (approximately RMB3B) from Softbank, Joho Capital and SBI, accounting for 35% of the total shares.

In 2006, InterActive tried to take its subsidiary mop.com public, but failed. Later in September 2006, the company experienced a large-scale downsizing due to capital shortage. This capital received from the Softbank eased the capital issue.

InterActive is valued at about US$1.22B since US$430M accounts for about 35% of its total shares. It is reported that Softbank CEO Masayoshi Son will act as a director of InterActive, to directly participate in the daily operation.