Rapidly spent $500 million to buy tigers. The latter market was once valued at nearly $8 billion.

Rapidly spent $500 million to buy tigers. The latter market was once valued at nearly $8 billion.

The company has announced the completion of the acquisition of the Shanghai Chouwei Network Technology Co. Ltd. (the Tiger Post Operator) for a total of RMB 500 million. Speedy had delivered $400 million in cash, and the remaining $100 million would be paid in equal instalments of $50 million for each period of 12 and 24 months after the completion of the transaction.