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Social App Maker Naver Gets $50M From SoftBank, Sequoia

The Korean company behind Snapchat clone Snow just raised $50 million from SoftBank and Sequoia China, TechCrunch reports. “Snow was started by Naver, the Korean firm behind popular messaging app Line, and it had proven popular in Japan, Korea, China and other markets in Asia,” TC notes. “The Snow app has changed significantly since we last wrote about it, however.”

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