MMB, an m-commerce retailer targeting at rural China markets, announced that it secured a new round of financing led by Tencent and followed by chip maker MTK and Sequoia Capital. MMB has received a combined more than 400 million yuan (around US$65 million) of funding from Far East Holding, Sequoia Capital and Tencent during 2007 to 2012. Founded in 2006 as one of the earliest players in Chinese m-commerce sector, MMB is dedicated to provide online shopping service to grassroots users, who live in third- and fourth-tier cities or farmer-turned workers in big cities. Launched in June 2013, MMB’s Big Q smartphone brand currently has three models and targets at young users from small cities. The shipment of Big Q smartphone stood at around 200K last year and it is expected to reach 1 million sets this year, according to the company.