91 LIMITED, a Subsidiary of NetDragon Websoft Inc. (NETDRAGON, 00777，HK), has launched convertible notes of 5 million dollar in September 2011.  On December 16, it issued series B preferred stock raising 20 million dollar.

91 LIMITED is the leading operator in the local mobile Internet industry, which owns many well-known smart phone Internet products, including 91 PC Suite, 91 Panda Reader, etc.

Investors of this financing round include Vertex Venture Holding, iD TechVentures Inc and DT Capital Partner.

Jingtian & Gongcheng acted as the issuer's lawyer.