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Vesta buys Chinese top-up company

PORTLAND, Ore.—Digital commerce software developer Vesta Corp. acquired Beijing-based mobile top-up company Unimobile in an effort to tap the Chinese prepaid wireless market.

Terms of the deal were not disclosed.

Unimobile, which was founded in 2000, distributes “recharge cards” for China Mobile prepaid users through a network of retail outlets and kiosks. The company will operate as a subsidiary of ChinaDotMan, an online and prepaid wireless payment company Vesta acquired last year.

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